Apple, Google Accused of Anti-Trust Violations and 2 Morning Hot Stocks Trading Now

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Sony Corp (NYSE:SNE): Current Price $12.57

Sony Corp (NYSE:SNE) is negotiating to sell the building that housed its US headquarters in New York City to a consortium led by The Chetrit Group, a real estate developer, for $1.1 billion. Sony expects to receive $770 million from the sale after adjusting debt related to the building and transaction costs. The company is selling non-core assets in an effort to raise cash after it made losses during the last four years. It also hopes to realise about $1.14 billion from the sale of one of its main buildings in central Tokyo.

Picture 39

Start 2013 better than ever by saving time and making money with your Limited Time Offer for our highly-acclaimed Stock Picker Newsletter. Click here for our fresh Feature Stock Pick now!

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business