Stocks to Watch: Sony, AT&T, Yahoo!
NEW YORK -- Sony(SNE) is cutting 10,000 jobs, or roughly about 6% of its global work force, according to a report.
The layoffs will come by the end of 2012, Japanese newspaper Nikkei reported Monday.
Sony's new CEO Kazuo Hirai will hold a briefing on Thursday.
Sony has posted four straight years of losses, hurt by weakness at its LCD television unit.
Talks are continuing between AT&T (T) and about 40,000 AT&T landline workers, the Communications Workers of America said Sunday.
The union contracts expired over the weekend. A strike was a possibility, but both sides said they would keep working on a new deal.
A CWA spokeswoman said the employees would report for work without a new contract, but still retain the option to call for a walkout.
At issue in the negotiations are job protection clauses and health care premiums and co-payments, according to The Associated Press.
Yahoo! CEO Scott Thompson will hold an all-staff meeting Tuesday to brief employees on the company's new management structure, a source told Reuters.
Great Wolf Resorts (WOLF) received a sweetened takeover bid of $7 a share in cash from KSL Capital Partners.
Great Wolf, an operator of indoor water parks, rejected an earlier bid of $6.25 a share from KSL, the private investment firm.
The latest bid from KSL tops an agreed-to bid from Apollo Global Management(APO) of $6.75 a share.
Great Wolf said Sunday it would evaluate the bid of $7 a share from KSL.
-- Written by Joseph Woelfel
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