Sony Unveils Phone That Streams PS4 Games

The transcript discusses Bill Gross's market strategies, highlighting changes in his bond fund holdings. It then shifts to Glencore's exploration of a stock exchange listing in Australia, which could facilitate future mergers, particularly with Rio Tinto. Finally, it covers Sony's strategy to leverage its successful PlayStation business to support its struggling smartphone division, including a new mobile device with Verizon and the impact of poor smartphone sales on its financials.

What significant change did the world's largest bond fund make in September?

• Invested in new technology stocks

• Reduced holdings of government-related debt

• Increased holdings of government-related debt

• Sold off all corporate bonds

Why did Glencore consider a Stock Exchange listing in Australia?

• To diversify its investment portfolio

• To make future deals with Rio Tinto easier

• To expand its mining operations

• To increase its share price

What was the outcome of Glencore's merger offer to Rio Tinto?

• It was rejected

• It was postponed

• It was accepted

• It is still under negotiation

What new feature did Sony introduce to help its smartphone division?

• A new camera technology

• A mobile device that streams video games

• A partnership with Apple

• A new operating system

What financial impact did poor smartphone sales have on Sony?

• Increased profits

• A record $1.7 billion charge

• A rise in stock prices

• A new product launch