Sony on Thursday announced its first annual loss in 14 years and warned it would stay in the red this year as the global economic downturn inflicts heavy damage on Japan's high-tech giants.

Sony who is desperate to cut their massive losses has commenced talks with arch rival LG to make LCD panels for their Bravia LCD TV range, the talks come a month after the Company signed a deal with Sharp to make large screen Bravia panels.

Sony says it has signed a $315 million deal to install its digital projectors in all AMC Entertainment theaters.

Sony Ericsson has announced that Najmi Jarwala, President of Sony Ericsson USA and Head of Region North America (comprising the US and Canada markets), has chosen to leave the company at the end of March to pursue other career opportunities.

The partnership between Samsung Electronics and Sony is facing a serious test, with Sony drawing first blood, testing samples of LCD panels manufactured by LG Display.

Aiming to outdo Amazon.com and recapture the crown for the most digital titles in an e-book library, Sony is announcing Thursday a deal with Google to make a half million copyright-free books available for its Reader device, a rival to the Amazon Kindle.

Nvidia has announced that it has signed a tools and middleware license agreement for PlayStation 3 with Sony Computer Entertainment. As a result, the binary version of the Nvidia PhysX technology software development kit (SDK) is now available to registered PS3 developers for free download and use on the SCEI Developer Network.