And in the real world...Sony, BT, Royal Mail, Asda, Network Rail and more

LONDON - Today's round-up of the biggest business stories.

World news... round-up
World news... round-up

Sony has posted its first annual net loss in 14 years following pressure from sliding sales and a growing competition in gadget prices. The electrical company, which is in the midst of cutting 16,000 workers, has forecast an even bigger loss for this year.
Source: The Guardian

BT has unveiled plans to cut 15,000 employees over the coming year as part of an austerity plan aimed at slashing overheads by more than £1 billion per year.
Source: The Daily Telegraph

Iain Coucher, the chief executive of Network Rail, has agreed to forgo part of his bonus following government pressure. However, Coucher is still thought to be taking home around £200,000 on top of his £540,000 salary.
Source: The Times

Critics have called for an end to the plans to part-privatise the Royal Mail, after the company announced that its profits doubled to £321 million last year.
Source: The Times

Chrysler is set to close a quarter of its 3,200 dealerships as it fights to restructure amid Chapter 11 bankruptcy.
Source: The Daily Telegraph

The German pay-TV operator Premiere AG, in which Rupert Murdoch's News Corporation is a key shareholder, has announced plans to relaunch itself in July under the new name Sky Deutschland.
Source: Financial Times

Asda has announced that it is stepping up its plans to introduce a new "virtual store" after reporting an 8.4 per cent increase in underlying like-for-like sales in the first quarter.
Source: Financial Times