Heard on the Street: The Japanese conglomerate has rebuffed the activist hedge fund’s calls for spinoffs, but has rewarded shareholders in other ways
Activist investor Daniel Loeb is facing another setback at Sony. But if this is what failure looks like, he should try to fail more often.
The Japanese conglomerate on Tuesday rejected a request from Third Point, a New York-based hedge fund run by Mr. Loeb, to spin off its semiconductor unit. In June, the fund said it had invested $1.5 billion in Sony and called for a breakup, arguing that the company’s semiconductor business, which makes image sensors for smartphones including Apple’s iPhones, has little to do with its games...
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Energy stocks ease back, but chart points to more gains aheadEnergy stocks are falling back after their massive rally to begin the week, but the charts suggest the rally has some more juice before it hits a wall.
Read more »
New poll finds Harris’ support has plunged 13 points in IowaKamala Harris’ support is plunging in Iowa, where she’s seen a 13-point drop since July, according to a new poll
Read more »
James Harden Had Priceless Reaction To Aces’ Third Quarter Buzzer-BeaterThe Las Vegas Aces proved this weekend that they are a force to be reckoned with in the WNBA. And NBA star James Harden was there to take it all in. The Houston Rockets point guard watched the Aces…
Read more »
Starset Continues Post-Apocalyptic Narrative on Tech-Driven Third Album 'Divisions'In a unique promotion concept, StarsetOnline sent its logo into space and captured the voyage on video
Read more »
TransferWise, the $3.5 billion fintech firm backed by Peter Thiel, posts its third year of profitTransferWise posted an annual net profit of £10.3 million on revenues of £179 million.
Read more »
Dem Donor and ‘Sexual Predator’ Ed Buck Arrested After Third Suspicious ODSince 2017, two gay black men — Gemmel Moore and Timothy Dean — have died in Buck’s West Hollywood apartment of overdoses involving suspicious circumstances
Read more »