Sony

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In a major update to its privacy policy and the addition of "Search Plus Your World", Google has managed to attain the consensus from the tech-enthused world that it is way beyond the innocent baby days of "don’t be evil". Matt Honan of Gizmodo signalled the privacy shift as the end of Google’s "don’t be evil" promise, which the company built its business on, and Sarah Lacy of Pando Daily shared similar sentiments

TOKYO (Reuters) - Japan's Panasonic Corp warned of a record annual $10.2 billion net loss, joining beleaguered rivals Sony and Sharp in a sea of red ink as they struggle to fix their broken TV businesses and show they have not lost their way.

Incoming Sony CEO Kazuo Hirai will need to tread carefully with the company's movie and music divisions, whose profits are important counterpoints to deep losses elsewhere at the company.

Sony is to become a leaner, swifter, less regimented organization, new CEO and President Kaz Hirai has promised, cutting through the swathes of structure that have seen projects delayed and efforts duplicated.

TOKYO (Reuters) - Ailing Japanese electronics giant Sony Corp warned it was heading for a bigger-than-expected $2.9 billion annual loss, presenting a daunting task for incoming CEO Kazuo Hirai, who vowed to move quickly to turn things around.

Sony said it veered into a fiscal third-quarter net loss of more than $2 billion and forecast a much wider full-year loss than previously expected, dragged down by losses in its TV business and the impact of the strong yen on its European operations.

Vevo, the online music video service launched by Universal Music Group and Sony Music Entertainment in late 2009, pulled in $150 million in revenue last year, chief executive Rio Caraeff revealed on Tuesday.

The service gets most of its viewers through YouTube, where Vevo is one of the most popular channels. Because of its high-quality music videos, Vevo commands advertising rates on par with broadcast television programming, he said.

Sony Corp. announced Wednesday that Kazuo Hirai, who leads the company's core consumer products business, will replace Howard Stringer as CEO and president effective April 1, as the electronics and entertainment company desperately tries to engineer a turnaround.

The 51-year-old Hirai, currently executive deputy president, was widely expected to succeed Stringer.

We are a few weeks away from the official MWC kick-off in Barcelona and for the moment we live in a rumor-filled and codenamed world.