Aug 6 2013 | 1:10pm ET
Sony Corp. has rejected a call by Third Point's Daniel Loeb to partially spin-off its huge entertainment business.
In a letter to Loeb yesterday, Sony CEO Kazuo Hirai told the hedge fund manager that, after consultation with its financial advisers, the company would remain the sole owner of the business. Hirai added that Sony did not need the capital that a partial spin-off would generate.
Mar 10 2014 | 11:33am ET
A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…