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Few foreign activist investors have made much headway in forcing change in Japan, where a conservative corporate culture favors long-standing ties with banks, business partners and workers rather than shareholders seeking value.Struggling electronics giant Sony Corp, though, with more foreign and fewer bank shareholders, may prove something of an exception. That's the hope, at least, of Californian billionaire Daniel Loeb, whose Third Point hedge fund has built up a more than 6 percent stake in Sony, making it the group's biggest stockholder.Loeb wants CEO Kazuo Hirai to sell as much as a fifth of the group's money-making entertainment arm - movies, TV and music - to free up cash to revive an electronics business that has been battered by competition from Apple Inc and Samsung Electronics. He reckons the shake-up could increase Sony's market value by 60 percent.The target and timing of his polite hand-delivered overture are not accidental.Sony earns two-thirds of its revenue overseas a...
“The Coming Collapse of China” author Gordon Chang on the potential impact on the U.S. of potential economic troubles in China.
With the clock counting down to the automatic spending cuts set to hit on March 1, the White House is outlining details of the president's infrastructure plan aimed ...
0505 GMT [Dow Jones] Singapore's STI is up 0.3% at 3304.02 after Wall Street's positive cue, but its gains are lagging much of the region. The STI faces several "spe...
Former U.S. Dept. of Labor Chief Economist Diana Furchtgott-Roth, former Fed Economist Kevin Hassett and former Sen. Scott Brown, (R-Mass.), on the new Simpson-Bowles plan to reduce the deficit.
Shares of the iShares MSCI Thailand Capped Investable Market Index Fund (NYSE:THD) are up 1.2 percent Tuesday, trading just pennies away from $90 level for the first...
KUALA LUMPUR, Malaysia--Singapore's CapitaLand Ltd. (C31.SG) and Malaysian real-estate company Iskandar Waterfront Sdn. Bhd. will build an 8.1 billion ringgit ($2.61...
China expert and author Gordon Chang believes Obama administration won't put enough pressure on China's currency manipulation.
ABB Ltd .(ABBN.VX) Thursday said it would continue to manage costs conservatively amid lingering questions about the strength of the European and U.S. markets even a...
Siemens USA CEO Eric Spiegel on efforts to boost U.S. economic growth and job creation.
Author Mike Reagan discusses whether the Golden State would tap into oil reserves.
Over the past several years, investors looking to profit from global infrastructure spending announcements, particularly those coming from the developing world, have...
FOX News contributor Deroy Murdock on the number of people relocating in and outside the U.S. for better tax rates.
California Gov. Jerry Brown said Friday that safety concerns could be overcome should the state partner with China to fulfill California's $68 billion high-speed rai...
A high speed rail network linking Australia's biggest cities would cost 114 billion Australian dollars (US$119 billion) to build and slash journey times across the c...
China's former Railway Minister Liu Zhijun has been charged with bribery and abuse of power, the state-run Xinhua News Agency reported Wednesday, citing juridical au...
Europe's carefully maintained autobahns, high-speed TGV trains and vast network of modern airports have long been the envy of the world.But thanks to austerity budge...
Manhattan Institute Senior Fellow Diana Furchtgott-Roth on the budget negotiations.
A late winter storm hit Paris and parts of northern France Tuesday as strong winds and snow disrupted the region's rail and air traffic systems, blocked roads and le...
People's Bank of China Vice Governor Yi Gang has asked the government to clearly determine who will be responsible for repaying the railway ministry's 2.66 trillion ...
