Most Asian stock markets were in defensive mode on Thursday with investors turning cautious after comments from the U.S. Federal Reserve suggested the central bank could start withdrawing its bond buying sooner-than-expected.
*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.
Confidence returned to most Asian stock markets on Wednesday after investors were reassured that global central banks would not pare down their economic stimulus programs.
*Sony jumps on report of assessing spin-off proposal. TOKYO, May 22- The Nikkei average climbed 1.6 percent to a fresh 5-1/ 2- year high on Wednesday, spurred on by the Bank of Japan's optimism about the economic outlook, while Sony Corp surged on reports it may consider a proposal to spin off its entertainment assets.
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.
TOKYO, May 22- The Nikkei average climbed 1.6 percent to a fresh 5-1/ 2- year high on Wednesday, spurred on by the Bank of Japan's optimism about the economic outlook, while Sony Corp surged on reports it may consider a proposal to spin off its entertainment assets.
*Nikkei rises 1.2 pct, Topix up 0.7 pct in active trade. *Sony jumps on report of assessing spin-off proposal.
*Sony jumps on report of assessing spin-off proposal. TOKYO, May 22- Japan's Nikkei average climbed to a 5-1/ 2- year high on Wednesday, ahead of the outcome of the Bank of Japan meeting, with Sony Corp surging on reports it is considering evaluating a proposal to spin off entertainment assets.
NEW YORK-- A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading:. Denali Fund: Approximately 17,700 shares changed hands, a 408.2 percent increase over its 65- day average volume. The shares rose$. 08 or 1.5 percent to $5.39.
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.
May 22- Sony Corp is considering evaluating a proposal from top shareholder Third Point LLC to spin off part of its movie and music business, Japanese daily Nikkei reported. Sony's U.S. listed shares rose 9 percent on Tuesday on the New York Stock Exchange.
REDMOND, Wash., May 21- Microsoft Corp gave the world a first look at its new Xbox One on Tuesday, announcing that its first gaming console in eight years will come with exclusive video and software content, including a "Halo" series produced by Steven Spielberg.