Versatile News at Street: Sony Corporation (NYSE:SNE), General Mills, Inc. (NYSE:GIS), Twenty-First Century Fox Inc(NASDAQ:FOXA)

April 25, 2023 1:52 pm0 commentsViews: 82

Sony Corporation (NYSE:SNE) and Microsoft Corp. (MSFT) touted exclusive new video games, admission to old titles and reality-bending headsets at dueling presentations, every looking for the slightest advantage in the fierce competition among the two leading makers of entertainment consoles. Microsoft went first at the E3 convention, held this week in Los Angeles, showing a preview of the coming game in its exclusive Halo franchise. The company also offered a demo of its Minecraft building-block title using the augmented-reality technology of its HoloLens headset still in development. Sony Corporation (NYSE:SNE) stock hit highest price at $31.43, beginning with a price of $31.42 and reported a gain of 0.06% to close at $31.17 with a day range of $31.05-$31.43. The total market capitalization remained 36.43 Billion, total volume of 937579 shares held in the session was surprisingly higher than its average volume of 1570.19 shares.

Food giant, General Mills, Inc. (NYSE:GIS) revealed in a regulatory filing that it anticipates to eliminate around 675 to 725 positions, under restructuring plan. The firm articulated that it will record total restructuring charges of around $57M to $62M pre-tax, primarily reflecting one-time employee termination benefits, of which approximately $54 million to $57 million will be recorded in the first quarter of fiscal 2016. The firm predicts around $54 million to $59 million of the total expense will result in future cash expenditures. These restructuring actions are expected to be completed by early fiscal 2017. Shares of General Mills, Inc. (NYSE:GIS) traded at $56.93 by moving up 0.78% with price volatility of 0.98% for a week and 1.02% for a month. Its beta stands at 0.19 times.

Twenty-First Century Fox Inc(NASDAQ:FOXA) released that Roger Ailes has reached on a new multi-year agreement with the firm to continue to serve as Chairman and CEO of Fox News and Fox Business Network, and Chairman of Fox Television Stations. The declaration was made by Rupert Murdoch, Lachlan Murdoch and James Murdoch, to whom Mr. Ailes will jointly report. Lachlan and James Murdoch, 21st Century Fox’s designated Executive Co-Chairman and CEO, respectively, commented: “Roger is an incredibly talented executive and we’re pleased he has accepted our offer to continue his extraordinary record of success at 21st Century Fox. We look forward to witnessing his energy and entrepreneurial drive in leading the next wave of growth for Fox News, Fox Business Network and Fox Television Stations, as well as many years of continued success together.”


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