Each month Sony Corporation announces what seems to be an even more drastic cure for its lingering financial malaise. On Tuesday, October 28, the Japanese industrial giant announced that it would reduce its workforce by approximately 13% over the next three years, cutting some 20,000 workers from its payroll, 7000 of them in Japan.
New York's ailing Bottom Line music club has attracted some heavyweight help. Rock icon Bruce Springsteen and Viacom president Mel Karmazin have joined a campaign begun by New York–based satellite radio service Sirius Radio to save the legendary venue.
GamuT Audio has been acquired by Danish investment firm Rossing Nielsen Electronics A/S, according to an announcement released September 22. Under the new ownership, the number of GamuT products will be reduced to "provide shorter lead times and to make the brand more competitive," according to company principle Poul Rossing.