Sony

In Japan, two big electronics companies are reporting disappointing earnings this morning. Sony is reporting a $316 million quarterly loss. And Sharp announced a $1.2 billion loss, which was much worse than expected.

And it's all about the game consoles. How will Nintendo, Microsoft and Sony stave off mobile and social games?

Its new CEO says he will revive the electronics and entertainment company.

The electronics company will be losing about 6 percent of its workforce. It's the first major move by Sony's new CEO.

Sony is reportedly going to cut 10,000 jobs by the end of this year, but some say it may already be too late to save the company.

But can a change at the top reboot the ailing consumer electronics giant?

"NOW will you buy one?!" – Sony

Medical breakthrough in Belgium could provide for new possibilities in cosmetic medical work.

It is called the PlayStation Vita, and it is coming to the U.S. and Europe this week. A basic Wi-Fi version costs costs $250 and Sony is promoting it with a $50 million marketing campaign.

The reviews are in