Sony Corp. SNE -0.01% said it does not plan on making an announcement about a new home console at this year’s E3 videogame trade show, deflating expectation that a successor to its PlayStation 3 will be on its way soon. Kaz Hirai, who oversees Sony’s videogame and consumer electronics businesses, said the company always viewed PlayStation 3, which debuted in 2006, as a product with a 10-year... 

Nike Inc. NKE +0.24% said it would build a new headquarters in China to support its long-term growth strategies there. Chinese demand for Nike products has been growing recently, leading all other regions in the latest quarter with 28% growth, excluding currency effects. Nike, one of the world’s largest sporting-goods makers, said Monday the new campus will be located in Shanghai. Craig Cheek,... 

SAN FRANCISCO (MarketWatch) — Sony Corp. (SNE, 6758.TO) will release its next-generation handheld videogame console next February as it ramps up competition against the growing number of smartphones that play increasingly advanced games, a senior company official said Tuesday. Jack Tretton, Sony’s president for its North American videogame division, said the company plans to release the... 

SEOUL (MarketWatch) — Samsung Electronics Co. and Google Inc. GOOG +6.31% are set to unveil the newest smartphone running on the latest version of the Android operating system on Oct. 19 in Hong Kong, the Korean company said in an invitation letter sent to reporters. The phone is expected to be powered by Google’s latest Android software platform, known as Ice Cream Sandwich, which was... 

Isuzu Motors Ltd. (7202.TO, ISUZY) said Thursday it will build a new plant in eastern Thailand to produce pickup trucks, with an eye to make the Southeast Asian country its base for export operations, Kyodo News reported. The new facility, to be built at a cost of Y18 billion, will be constructed on the premises of Isuzu’s existing plant in Chachoengsao Province and is scheduled to begin operating... 

NEW YORK -(MarketWatch)- ConocoPhillips’ COP -2.12% Bayway refinery in Linden, N.J., has resumed production, a person familiar with operations at the plant said on Friday. The 238,000-barrel-a-day refinery was taken out of service on Saturday evening as a precaution ahead of Hurricane/Tropical Storm Irene. ConocoPhillips COP -2.12% on Monday told the U.S. National Response Center the restart... 

NEW YORK (MarketWatch) — Retailer Zumiez Inc. ZUMZ -0.84% has hired former Blue Nile Inc. NILE -.00% executive Marc Stolzman as its new chief financial officer, the company said in a filing Friday with the Securities and Exchange Commission. The appointment comes as the teen retailer–which sells action-sports related apparel, footwear, equipment and accessories–faces concerns about... 

DeVry Inc.’s DV -8.78% fiscal fourth-quarter earnings rose a better-than-expected 5.1% but showed signs of trouble ahead as new student enrollment dropped sharply. Shares dropped 9.2% to $48.50 after-hours Thursday as the company said the rollout of new regulations likely distracted employees in the latest quarter and hurt performance. Many for-profit colleges have faced trouble attracting new... 

MANILA (MarketWatch) — Metro Pacific Investments Corp. said Monday that Morgan Stanley Investment Management Co. nearly doubled its stake in the Philippine investment holding company to 6.5% from 3.3% via several stock purchases between May 11 and July 8. Metro Pacific said Morgan Stanley’s MS -0.24% Singapore-based investment management firm had informed the company that it had bought... 

AMSTERDAM (MarketWatch) — European Aeronautic Defence & Space Co. NV (EAD.FR) Thursday confirmed its financial guidance for 2011, saying it expects its core profit to remain stable at around the EUR1.3 billion level achieved last year. The company also sees revenue rising from EUR45.8 billion last year due to increased deliveries of commercial aircraft by its Airbus division. Chief Executive...