AP - Sony Corp. said Tuesday its April-June profit plunged to 34.98 billion yen ($326.9 million) — about half that recorded a year ago — as a strong yen, the absence of "Spider-Man 3" revenue and faltering results at its cell phone operations battered earnings.

Reuters - Sony Corp (6758.T) posted a bigger-than-expected 47 percent fall in quarterly profit and cut its outlook, hurt by its struggling mobile phone joint venture with Sweden's Ericsson (ERICb.ST), while rival Matsushita (6752.T) nearly doubled its profit on rising flat TV sales.

Reuters - Verizon Communications Inc posted a higher quarterly profit on strong wireless sales, but its shares fell on worries about its declining landlines and weaker-than-expected growth in its FiOS Internet and video service.

Reuters - Sony Corp (6758.T) posted a 39 percent fall in quarterly operating profit on Tuesday, hit by losses in its mobile phone joint venture with Sweden's Ericsson (ERICb.ST) and a firmer yen.