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.

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Yahoo!'s ( YHOO) 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.

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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.

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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

>To contact the writer of this article, click here: Joseph Woelfel

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