*Sony board to assess proposal to spin off entertainment arm. Struggling electronics giant Sony Corp, though, with more foreign and fewer bank shareholders, may prove something of an exception.» Read More
CARACAS, May 15- Socialist leader Nicolas Maduro and the billionaire boss of Venezuela's biggest private company have buried the hatchet after a war of words over food shortages and other economic problems in the South American nation.
The world's wealthy are pouring more of their fortunes into prime vineyards, and brokers say demand is rising for raw acreage as well, prompting Christie's to start a new real estate service.
HONG KONG, May 15- Warren Buffett- backed Chinese carmaker BYD Co Ltd rolled out Hong Kong's first electric taxi fleet on Wednesday, marking a milestone for its all-electric battery car that highlights its promise and its limitations.
*BG Group, OGX, Total, BP among big winners at Brazil auction. RIO DE JANEIRO, May 15- For the first time in nearly five years, Brazil's flagging oil industry has received a jolt of serious interest from private investors.
TOKYO, May 14- Billionaire hedge fund investor Daniel Loeb on Tuesday called on Sony Corp to spin off its lucrative entertainment arm, setting the stage for a clash between his activist Wall Street fund and management at the Japanese electronics maker.
TOKYO, May 15- Japan's Nikkei share average is expected break above 15,000 and hit fresh 5-1/ 2 year highs on Wednesday, with Sony Corp likely to surge after a proposal from an activist fund to list its entertainment unit sent its U.S.-listed shares soaring 10 percent.
May 14- Billionaire investor Daniel Loeb likely faces an uphill battle to convince Sony Corp to embrace his proposal to spin off its entertainment arm, but he likely already holds a winning hand in his bet on the Japanese electronics giant. Loeb and investors in his hedge fund Third Point Offshore are already reaping the benefits of a well-timed move into Japan.
RIO DE JANEIRO, May 14- Brazil's first auction for oil and gas rights in five years attracted a record amount of money on Tuesday, alleviating fears that government intervention and growth in new global supplies might dampen enthusiasm for the country's oil sector.
*Bank of America helps lead Dow higher. NEW YORK, May 14- U.S. stocks rallied to fresh highs on Tuesday as investors picked up large-cap companies' shares on the expectation that central bank stimulus will help propel the rally further. Bank of America, up 2.8 percent at $13.34, was the Dow's biggest percentage gainer, while Citigroup Inc rose 2.4 percent to $50.09.
RIO DE JANEIRO, May 14- Global energy companies were strong bidders on Tuesday at Brazil's first auction for oil and natural gas rights in five years, alleviating fears that government intervention and growth in new global supplies might crimp enthusiasm for the South American country's oil sector.
RIO DE JANEIRO, May 14- Global energy companies showed strong interest early on Tuesday at Brazil's first auction for oil and natural gas rights in five years, alleviating fears that government intervention and growth in new global supplies might crimp enthusiasm over the South American country's oil sector.
*Tesla Motors extends gains on raised sales outlook. Large-cap banks were among the day's biggest advancers, with Bank of America up 2.3 percent to $13.27 and Citigroup Inc up 2.1 percent to $49.97. Goldman Sachs advanced 2.9 percent to $153.97.
RIO DE JANEIRO, May 14- Brazil on Tuesday kicked off its first auction for oil and natural gas rights in five years, gauging whether government intervention and growth in new global supplies have crimped the interest that followed discoveries of huge offshore reserves in 2007..
*Sony jumps after hedge fund chief favors spinning off entertainment unit. *Electric carmaker Tesla Motors extends gains on raised sales outlook. "Earnings season is pretty well done, we don't really have any big economic points on the horizon," said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.
*Sony jumps after Loeb calls for spinning off entertainment unit. *Tesla Motors jumps in premarket, extending recent gains. "Earnings season is pretty well done, we don't really have any big economic points on the horizon," said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.
*Tesla Motors jumps in premarket, extending recent gains. *U.S. shares of Nokia drop after unveiling new phone. "We have had such a big move, and it's been hard to generate much more significant upside in the short term," said Rick Meckler, president of investment firm LibertyView Capital Management in Jersey City, New Jersey.
NEW DELHI, May 14- India's largest copper smelter will remain shut until at least May 16, when a court hearing will resume into complaints of emissions from the plant. The facility meets half of India's demand for the metal, and a near seven-week closure at the plant has tightened supply of refined copper and driven up prices to industry.
TOKYO, May 14- A New York- based hedge fund with a reputation as an activist investor has proposed that Sony Corp spin off its entertainment division via an IPO, saying the move could boost the Japanese electronics firm's shares by as much as 60 percent.
TOKYO, May 14- New York- based hedge fund Third Point said it has proposed to Sony Corp's Chief Executive Kazuo Hirai that the Japanese electronics maker conduct an initial public offering for its entertainment division.
LONDON, May 14- From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.