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TOKYO, June 20- A proposal by Sony Corp's top investor to partially spin off the Japanese company's lucrative entertainment business will be the elephant in the room at an annual shareholders meeting on Thursday.
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SAN FRANCISCO, June 19- A high profile sex discrimination lawsuit in Silicon Valley should be taken private via arbitration, lawyers for venture capital firm Kleiner Perkins Caufield& Byers argued on Wednesday, but the plaintiff, former partner Ellen Pao, wants the chance to tell her story before a judge.
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SAN FRANCISCO, June 19- Chip designer ARM said the size and depth of its partner network across hardware and software gave it an edge in mobile technology that top chipmaker Intel Corp and new graphics rival Nvidia Corp would struggle to match.
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NEW YORK, June 19- Sprint Nextel Corp should consider raising its offer price for Clearwire Corp or risk being saddled with a contentious relationship with Dish Network Corp, controlled by feisty billionaire Charlie Ergen.
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SEATTLE, June 19- Microsoft Corp said on Wednesday that users of its forthcoming Xbox One game console will be able to play games offline without establishing an Internet connection, and will be able to lend or sell used disc-based games.
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LONDON, June 19- Britain is ready to start selling its shares in Lloyds Banking Group and will examine whether to break up Royal Bank of Scotland, Finance Minister George Osborne said on Wednesday, after acknowledging the re-privatisation of RBS remains a long way off.
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SYDNEY, June 20- Asian stock markets were braced for a fall on Thursday in line with Wall Street after the U.S. central bank confirmed that it would begin to withdraw stimulus this year if the economy continued to recover as it expected.
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BOISE, Idaho-- Chipmaker Micron Technology Inc. on Wednesday reported a profit for its fiscal third quarter on improved pricing and revenue, beating analysts' estimates. The company reported after the market closed that it earned $43 million, or 4 cents per share, for the quarter that ended May 30.
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NEW YORK, June 19- New York lawmakers announced a deal on Wednesday to privatize utility operations on Long Island and revamp the Long Island Power Authority, a state-owned New York utility company that was criticized for its response during last year's Superstorm Sandy.
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WASHINGTON, June 19- Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economy is expanding strongly enough for the central bank to begin slowing the pace of its bond-buying stimulus later this year.
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June 19- A Kansas meat processing plant has voluntarily recalled about 23,000 lbs of raw ground beef that may be contaminated with E.coli bacteria, according to a company press release. "
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OKLAHOMA CITY-- SandRidge Energy Inc. CEO, Chairman and founder, Tom Ward, has been dismissed after an investigation over a controversial deal but will receive a multimillion severance package. The oil and gas exploration company has been under shareholder pressure to replace Ward.
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FedEx Corp. Chief Financial Officer Alan Graf denied that the company was predicting unrealistically low earnings for the coming year so that it could deliver better-than-expected results. That implies per-share profit of $6.67 to $7.04.
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Kelly Services Inc. class A fell$. 16 or. 9 percent, to $17.76. Korn/Ferry International Inc. fell$. 27 or 1.5 percent, to $17.77. ManpowerGroup fell$. 64 or 1.1 percent, to $56.18.
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Kroger fell$. 39 or 1.1 percent, to $35.13. Safeway fell$. 38 or 1.6 percent, to $23.56. Supervalu fell$. 16 or 2.5 percent, to $6.33.
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Hecla Mining Co. fell$. 09 or 2.8 percent, to $3.17. Pan American Silver Corp. fell$. 37 or 3.1 percent, to $11.48. Silver Standard Resources Inc. fell$. 23 or 3.3 percent, to $6.74.
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AT&T Inc. fell$. 92 or 2.5 percent, to $35.25. Sprint Nextel fell$. 32 or 4.4 percent, to $7.00. Verizon Communications Inc. fell $1.50 or 2.9 percent, to $50.05.
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American Electric Power Co. fell $1.11 or 2.4 percent, to $44.79. Consolidated Edison Inc. Holding Co. fell $1.67 or 2.8 percent, to $57.28. Dominion Resources Inc. fell $1.26 or 2.2 percent, to $55.74.
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Brinker International Inc. fell$. 51 or 1.2 percent, to $40.54. Chipotle Mexican Grill Inc. fell $5.79 or 1.6 percent, to $366.87. Darden Restaurants Inc. fell$. 51 or 1.0 percent, to $52.62.
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NEW YORK-- A look at the 10 biggest volume decliners on New York Stock Exchange at the close of trading:. The shares fell$. 08 or 1.1 percent to $7.50. The shares fell$. 08 or. 2 percent to $33.92.
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