Sony Rises on Optimism Hirai Will Rebuild Company: Tokyo Mover
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Sony Corp. jumped the most in more than 10 months in Tokyo trading after incoming Chief Executive Officer Kazuo Hirai said he will close down some underperforming businesses to help revive the unprofitable company.
The shares jumped as much as 8.9 percent, the biggest intraday gain since March 16, to 1,446 yen. They ended the morning session of trade at 1,427 yen, up 7.5 percent.