IN BRIEF
CRANBERRY TWP — Geneva College will offer its masters of business program at the Regional Learning Alliance in the township. It begins in October.
This is the first time Geneva graduate students can earn their MBA outside the Beaver Falls campus.
Geneva’s MBA program provides a business degree framed by ethical Christian principles.
There is a general MBA along with three concentrations: finance, marketing and operations.
Sony returns to quarterly profitTOKYO — As a slew of big-name Japanese companies report improved quarterly earnings, one theme is taking the sheen off their rosy numbers: mainstay businesses are still struggling despite the perk from a weaker yen.The latest example came Thursday from Sony. The Japanese electronics and entertainment company reported a $35 million April-June profit, a reversal from the loss it suffered the previous year.Sony also saw some improvement in its smartphone and entertainment businesses. But it still had plenty of areas where it was lagging, such as digital cameras, video game machines and flat panel TVs. Its results would have been far different if it weren’t for the favorable exchange rate.A weak yen boosts the earnings of Japanese exporters, although Sony has been trying to reduce its vulnerability to exchange rate fluctuations in recent years when the yen was high.Quarterly sales jumped 13 percent to $17 billion. But they would have slipped 3 percent if it weren’t for the declining yen, the Tokyo-based company said.In its electronics unit, Sony gained $190 million in operating profit from a cheap yen.By staff and wire reports
PERSONNEL FILETSS Photography, a national photography franchise organization, has named Mike Stack of Cranberry Township as its national winner of its Volunteer of the Year award for his service to St. Ferdinand Youth Ministry.On behalf of Stack, TSS will present Stack with a $5,000 donation to St. Ferdinand Youth Ministry while he will receive a $500 portrait package and a commemorative award.There were more than 100 nominations for the award.
