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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...
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...
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.
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...
Judson Berger on why you could end up paying for a high speed train in the middle of cutbacks
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 ...
“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...
FBN's Rich Edson on funding for high - speed rail in Texas.
Texas is building a high - speed rail system in Texas, reports FBN’s Rich Edson.
FBN’s Rich Edson on the Lone Star State’s efforts to build a high - speed rail line.
“The Coming Collapse of China” author Gordon Chang weighs in on the troubling statistics coming out of China.
Brian and Wayne Allen Root
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...
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