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Sony said it would think over spinoff proposal
Japanese conglomerate Sony's board said it would make a good-faith effort in considering spinning off its entertainment business. One of Sony's largest shareholders, the hedge fund Third Point, run by activist investor Daniel Loeb, forwarded the proposal to Sony's board last week. Loeb suggested spinning off the entertainment divisions so the firm could focus on its struggling ...
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Japan mulls resuming talks with N. Korea official
TOKYO (AFP) - Japan is considering direct talks with North Korea, the government said Wednesday, adding momentum to the cause after a top level aide to the prime minister made a surprise trip to Pyongyang.Bilateral talks are on the table as Tokyo seeks to salve the running sore of abductions of its nationals by North Korean spies in the 1970s and 1980s, an issue that inflames public opinion at ...
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Sony weighs entertainment spin-off
Sony will consider a proposal to spin off its entertainment assets, the company's chief executive said yesterday. The proposal, submitted last week by Daniel Loeb of the US hedge fund Third Point, suggests selling 20 per cent to help free up capital to bring the company's electronics business back to profitability and boost Sony's share price by as much as 60 per cent. "We ...
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Sony Shares Spike Following Rumors Of Entertainment Spinoff
the company is considering spinning off its entertainment arm . Share price has gone up both in the US and Tokyo exchanges after some reports indicated that the company may be considering a plan suggested by investor Daniel Loeb. Loeb, whose hedge fund Third Point owns a 6.5% stake in ...
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Japan considering resuming NK talks
Japan is considering direct talks with North Korea, the government said Wednesday, adding momentum to the cause after a top level aide to the prime minister made a surprise trip to Pyongyang.Bilateral talks are on the table as Tokyo seeks to salve the running sore of abductions of its nationals by North Korean spies in the 1970s and 1980s, an issue that inflames public opinion at home.But any ...
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Uncommon curry in a Japanese resto
We were prepared for sushi and tempura, among others, but one member of the group opted for Chicken Curry, a rather uncommon offering in a Japanese restaurant. And she was ...
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San Francisco Bay Area awarded ’16 Super Bowl
Kazuhiro Shiraishi, 66, is a guest-house manager in the Izu-kogen Highlands, a famous resort area on the Izu Peninsula of Shizuoka Prefecture. Looking out onto the Pacific Ocean, and just 90 minutes by train from Tokyo, Izu has a warm climate all year round ...
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Confident rookie Straily outduels Darvish in A’s victory
ARLINGTON, TEXAS - Oakland rookie right-hander Dan Straily was well aware of the ace pitcher and the powerful lineup he was facing. Now everyone can take notice of Straily, who on television before his latest start saw plenty of highlights touting Yu Darvish being on the mound. Straily allowed only two singles while facing 22 batters — just one over the minimum for his seven scoreless ...
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Wagner Kudo propel Kashiwa into Asian Champions League quarterfinals
Closer to the goal: Jorge Wagner celebrates after Kashiwa's second goal on Wednesday. Reysol defeated Jeonbuk Motors 3-2 to reach the Asian Champions League quarters. | ...
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Video Sony entertains change over spin-off idea
Sony's board says it will assess a proposal from major shareholder Daniel Loeb to sell up to a fifth of the group's money-making entertainment arm. It's a radical idea for corporate Japan where change doesn't come easy. Hayley Platt ...
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Sony cuts electronics sales targets
Sony Corp cut its sales targets for digital cameras, smartphones and tablets by 13-17 percent for the year to end-March 2015, but said there were "encouraging" signs of a revival in its electronics business.CEO Kazuo Hirai told a press briefing on Wednesday that Sony would assess a proposal from its biggest shareholder, billionaire Daniel Loeb's Third Point LLC hedge fund, that ...
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Asian shares mixed Tokyo ends at 5-year high
A visitor takes a picture of an electronic stock board on the Tokyo Stock Exchange in Tokyo, Wednesday, May 22, 2013. Asian shares were mixed on Wednesday despite a strong lead from Wall Street as markets awaited testimony from the US Federal Reserve chief, but Tokyo stocks finished at their highest level in five years. AP PHOTO/ITSUO INOUYE HONG KONG--Asian shares were mixed on Wednesday ...
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Washington alienated by Tokyo rightists
South Korean President Park Geun-hye's rhetoric proved to have an impressive reach on a recent visit to the US. A series of speeches in Washington caused a panic in Japan, far across the Pacific.The panic stemmed from a declaration at a banquet where Park expressed her willingness to address the North Korea issue in concerted efforts with China and the US after the North suspends its ...
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Pacy racing pigeon Bolt sets new world record
Pope Francis’ fascination with the devil took on remarkable new twists Tuesday, with a well-known exorcist insisting Francis helped ';liberate'; a Mexican man possessed by four different demons despite the Vatican’s insistence that no such papal exorcism took place. The case concerns a 43-year-old ...
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Ai Weiwei uses obscenity-filled music video to mock state power in China
BEIJING - Two emotionless prison guards watch Ai Weiwei as he eats, sleeps, paces, showers — and even sits on the toilet — in the artist’s new obscenity-filled, metaphor-rich music video mocking China’s state power. The video accompanying the visual artist’s single ';Dumbass'; — released Wednesday but blocked online in mainland China — is ...
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30 of indecent assault victims were staring at mobiles
About 30 percent of victims of indecent assaults in Osaka last year were using cellphones, smartphones or portable music players at the time of the attack, Osaka Prefectural Police investigative sources said. Of some 860 indecent assaults reported in 2012 to the prefectural force, about 14 percent of the victims said they were using mobile or smartphones and another 15 percent said they were ...
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Olympus fears compact camera sales will keep falling
Olympus Corp. fears sales of its compact cameras may fall by half next fiscal year, extending a decline as consumers increasingly use smartphones to take pictures. Volume sales will drop to about 1.35 million units as early as the year starting in April, Chief Executive Officer Hiroyuki Sasa said in an interview in Tokyo on Monday. The company forecasts it will sell 2.7 million compact cameras ...
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BOJ maintains monetary easing policy upgrades economic appraisal
The prospect of a clash over defense policy between South Korea's new president and the U.S. has been diminished by North Korea's own ham-fisted ...
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Kyoto papers seek heritage status
Preserving history: The 'Toji Hyakugomonjo' documents, mainly minutes of discussions about the management of Toji Temple in Kyoto between the eighth to late 19th century, will be recommended for UNESCO's Memory of the World Register. | ...
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Hell hath no fury Pope an exorcist
Pope Francis’ fascination with the devil took on remarkable new twists Tuesday, with a well-known exorcist insisting Francis helped ';liberate'; a Mexican man possessed by four different demons despite the Vatican’s insistence that no such papal exorcism took place. The case concerns a 43-year-old ...
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Sony to mull selling stake in show biz
Sony Corp. said Wednesday that its board of directors will consider a proposal by a U.S. hedge fund to put on the stock market a minority stake in Sony’s entertainment division, retracting an earlier statement that they won’t be put up for sale. Daniel Loeb, the hedge fund billionaire who heads the U.S.-based Third Point LLC — Sony’s major stakeholder — suggested ...
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Nationalism rearing ugly head with greater frequency
Angry protesters took to the streets Sunday in Tokyo’s Shin-Okubo district, home to many Korean shops and restaurants, describing the Korean residents there as ';cockroaches'; and calling for their immediate ';extermination.'; It was only the latest in a series of anti-Korean rallies in the neighborhood that have grown more intense in the past few months. Often ...
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Annual entrance passes eyed for Skytree
The operator of Tokyo Skytree is considering issuing annual observatory entrance passes, Michiaki Suzuki, president of Tobu Tower Skytree Co., said in an interview. ';A new ticket sales strategy is undoubtedly a key part of our business agenda. We are now examining the timing of the launch of the passes,'; Suzuki said. Currently, an on-the-day entry ticket for the 634-meter-tall ...
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Does France have right revival plan
PARIS - The man charged with reviving France’s shrinking economy and attracting businesses to invest there is gaining a reputation for doing the opposite. As the country’s first-ever minister for industrial renewal, Arnaud Montebourg has told the world’s largest steelmaker it is not welcome in France; exchanged angry letters with the head of an American tire company he was ...
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Kagawa can become United star despite frustrating first season
Pope Francis’ fascination with the devil took on remarkable new twists Tuesday, with a well-known exorcist insisting Francis helped ';liberate'; a Mexican man possessed by four different demons despite the Vatican’s insistence that no such papal exorcism took place. The case concerns a 43-year-old ...
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Japan focuses on next big export
Smart grids are the way of the future, according to a Japanese consortium of seven companies that want to invest in the cities of the future and pave the way for the next big export to come out of Japan.
Japan is already one of the leading high-tech industries of the world, producing gadgets and appliances that are sold globally, from cars and microwaves to robots for use in surgery, space and mines. The country is a major manufacturing hub, there are Sony, Panasonic, Toshiba and Nintendo appliances in homes across the globe and many of the world’s most famous export brands have their headquarters in Japan or were founded in Japan. Read more
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