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Sony Corporation (NYSE:SNE): Among the decisions Sony Corp.’s new CEO Kazuo Hirai faces is how to approach the company’s movie and music divisions, whose profits are key to offset deep losses elsewhere at the company, by either directly involving himself or turning it over to another person in the U.S., reports the Wall Street Journal. The shares closed at $19.21, up $2.12, or 12.4%. They have traded in a 52-week range of $16.16 to $36.97.
Forest City Enterprises, Inc. (NYSE:FCE.B): Forest City Enterprises announced that its board of directors has determined to reduce the size of the board from the current 15 authorized seats to 13, effective with the company’s annual meeting of shareholders in June 2012.
The shares closed at $14.87, up $1.70, or 12.91%. They have traded in a 52-week range of $9.48 to $19.26.
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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com
To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com
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