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High Speed Rail

Is Sony un-Japanese enough to entertain change?

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...

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    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...

  2. China Coming to California’s Rescue

    Former Gov. Gray Davis, (D-Calif.), and “The Coming Collapse of China” author Gordon Chang on Gov. Jerry Brown’s push for Chinese investment in California.

  3. Analysis: Austerity threatens EU's competitive edge in infrastructure

    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...

  4. Smart Sequester? $5.5B for high speed train

    Judson Berger on why you could end up paying for a high speed train in the middle of cutbacks

  5. Do Cuts in Ryan’s Budget Proposal Go Far Enough?

    Manhattan Institute Senior Fellow Diana Furchtgott-Roth on the budget negotiations.

  6. Snow, Ice Disrupt Transport in Paris, Northern France

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  7. PBOC Official Concerned About Rail Ministry Debt

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    “The Coming Collapse of China” author Gordon Chang on the potential impact on the U.S. of potential economic troubles in China.

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  10. MARKET COMMENT: Singapore's STI +0.3%; 3319 Resistance Tipped

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  11. Alan Simpson, Erskine Bowles Unveil New Deficit Reduction Plan

    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.

  12. GDP Report Lifts Thai ETF to All-Time High

    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...

  1. Private Investors Trying to Build High -Speed Rail in Texas

    FBN's Rich Edson on funding for high - speed rail in Texas.

  2. Privatizing High -Speed Rail in Texas

    Texas is building a high - speed rail system in Texas, reports FBN’s Rich Edson.

  3. Everything’s Bigger in Texas, Including High -Speed Rail

    FBN’s Rich Edson on the Lone Star State’s efforts to build a high - speed rail line.

  4. China’s Growth Slows in 1Q

    “The Coming Collapse of China” author Gordon Chang weighs in on the troubling statistics coming out of China.

  5. Brian and Wayne Allen Root

    Brian and Wayne Allen Root

  6. California Governor Addresses Chinese Rail Worries

    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...

  7. Australia High Speed Rail Would Cost A$114 Billion, Government Report Says

    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...

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