Sony to be dragged out of painful restructuring – president

TOKYO: Sony’s latest bid to halt years of losses and resuscitate its brand has provoked snorts of derision among analysts who say it falls a long way short.

The criticism came after Sony president Kazuo Hirai on Thursday pledged to drag the electronics giant out of a painful restructuring in the current fiscal year and pointed to ultra-high-definition technology as a possible saviour for its money-losing TV unit.