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 - Get Report) 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. 9 Stocks That Prove Dividends Make All the Difference
Yahoo!'s (YHOO - Get Report) head of products, Blake Irving, is leaving the company following an announcement the Internet company would be slashing 2,000 jobs. 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. Morgan Stanley CEO Gorman's Pay Drops 25%
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. 5 Stocks Endowment Funds Are Buying in 2012
Earnings are expected Monday from Greenbrier (GBX), a supplier of transportation equipment and services to the railroad industry, and Zep (ZEP), a maker of cleaning products.
-- Written by Joseph Woelfel
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