American TV’s Cain Joins Haier

New York – Haier America has tapped industry veteran Rian Cain to run its major appliance business.

Stereo Advantage Relocating

Williamsville, N.Y. – Stereo Advantage is moving.

CAD Audio Offers New Sessions Headphones Color Combos

Solon, Ohio –– CAD Audio is rolling out new custom color options for its flagship Sessions MH510 headphones.

CEA Backing Bill To End Anonymous Patents

Arlington, Va. – The Consumer Electronics Association (CEA) is supporting new legislation in the U.S. House of Representatives to end anonymous patents.

Best Buy Joins Sony Ultra HD Rollout

Minneapolis – Sony Electronics’ three-step line of 4K Ultra High-Definition TVs are rolling out to Best Buy stores this week.

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HydraConnect Boosts Support For HDMI Matrix Line

Video & Audio Center, Sony To Hold Ultra TV, Tablet Event

Polaroid To Sponsor Wakeboard Series

Anthony Gallo Shipping Satellite Speakers

iLuv Shipping Aud 5 Lightning Connector Dock

Petra Mails ’13 Catalog To Retailers

Integra Debuts Receiver With Built-In Wi-Fi, Bluetooth

iSimple To Show Car Kits At CTIA

PMA Supports Fairness Of Online Sales Tax Legislation

Archos Bows 80 Xenon Tablet

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VIDEOS

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Financial

Wal-Mart Reports Slight Sales, Profit Increases

Bentonville, Ark. — Wal-Mart Stores reported slightly higher net sales and income for the first quarter, ended April 30.

Voxx Posts Double-Digit Fiscal Year Sales Gains

Hauppauge, N.Y. — Voxx reported a double-digit sales gain and relative flat profits in its fiscal year, ended Feb. 28.

Sharp Reports Wider Fiscal Year Loss

Osaka, Japan — Sharp Electronics reported a wider loss on flat sales for its fiscal year, ended March 31 and has replaced its president.

Pioneer Reports Higher Net Sales, But Fiscal Year Loss

Tokyo — Pioneer Electronics reported higher net sales but lower operating profits and a net loss for its fiscal year, ended March 31.

Panasonic Reports Loss As TV Sales Decline

Osaka, Japan — Panasonic reported a loss of 754.3 billion yen ($7.42 billion) for fiscal 2013, which ended in March.

DirecTV Post Q1 Sub Gains, But Profits Dip

El Segundo, Calif. – DirecTV Tuesday reported a 5.6 percent decline in first-quarter profits but still managed to tally subscriber gains in Latin America and the United States.

Nikon Reported Higher Net Sales, Lower Profits

Tokyo — Nikon reported that net sales rose, but net and operating profits were down by double digits for its fiscal year, ended March 31.

Sony Reports Fiscal Year Profit, Higher Sales

Tokyo — Sony recorded a net profit, based on reduced TV losses and sales of facilities, and higher sales for its fiscal year, ended March 31.

People

HSNi’s CFO Schmeling Adds COO Title

St. Petersburg, Fla.- HSNi, the interactive multichannel retailer has named Judy Schmeling chief operating officer, effective immediately, and continues as chief financial officer.

Gary Bennett, Former Hitachi Exec, Dies At 64

Chino Hills, Calif. — Gary Richard Bennett, a 40-year veteran of the consumer electronics industry, passed away on Thursday, May 9, after a 13-month battle with non-Hodgkin’s lymphoma.

Audio America Taps SED’s Elster For CEO

Jupiter, Fla. — Home and car electronics distributor Audio America has named Jonathan Elster CEO, replacing Ryan Munder who will remain as chairman.

Sears Names New CIO

Hoffman Estates, Ill. — Sears Holdings has appointed Jeff Balagna executive VP and chief information officer.

Maney Joins Séura As Market Manager

Green Bay, Wisc. — Marla Maney has been hired to the newly created position of marketing manager for outdoor and custom flat-panel TV resource Séura.

Kryzanich Tapped As Next Intel CEO

Santa Clara, Calif. — Intel’s board of directors today named company veteran Brian Kryzanich as its next CEO.

Sony Executives Forgo Bonuses

Tokyo — Dozens of Sony executives including CEO Kazuo Hirai are foregoing bonuses this year to atone for the electronics units slumping sales and profit performance, according to reports from Japan Wednesday.

SiriusXM Taps Veteran Jim Meyer As New CEO

New York — SiriusXM appointed company veteran Jim Meyer as CEO, replacing Mel Karmazin, who left the company last year before Liberty Media took control in the first quarter.

BLOGS Talkback

Reporter's Notebook

By: Alan Wolf | May.09.2013

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Viewpoint

By: Steve Smith | May.07.2013

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Executive Insight

By: Bill Mathies | Mar.25.2013