*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.
*Sony cuts 2014-15 camera sales fcast to 1.3 trln yen from 1.5 trln. Third Point's "proposal is one that affects a core part of Sony's business and the direction of our management, so the Sony board will give it thorough consideration before replying to Mr.
BRUSSELS/ PARIS, May 21- Growing concern in European capitals about aggressive tax avoidance by high-profile corporations such as Amazon, Google and Apple looks set to steal the agenda of a European Union summit in Brussels on Wednesday.
TOKYO, May 22- Japan's Sony Corp lowered its sales target for digital cameras to 1.3 trillion yen for the fiscal year to end-March 2015, from a previous estimate of 1.5 trillion yen. Sony also cut its sales target for smartphones and tablets to 1.5 trillion yen in its 2014 fiscal year from an earlier outlook of 1.8 trillion yen.
Apple Inc. fell $3.27 or. 7 percent, to $439.66. Dell Inc. fell$. 02 or. 1 percent, to $13.39. Hewlett Packard Co. fell$. 07 or. 3 percent, to $21.11.
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.
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.