Sony undergoes first name change in six decades

Sony Corp. on Thursday renamed itself Sony Group Corp. in the first name change in over six decades, a symbolic change for the conglomerate that encompasses financial services, gaming and entertainment. The name change represents Sony's diversification of its business from its well-known electronics segment that rolled out Walkman portable music players and TVs that symbolized the "It's a Sony" slogan. Sony Group will seek to maximize synergies among its group companies and foster growth areas. Sony Electronics Corp. took on the name Sony Corp. from Thursday. Sony has been buoyed in recent years by its PlayStation game consoles and robust demand for its image sensors that are used in cameras and smartphones.