Tag Archives: point
U.S. hedge fund calls for Sony Entertainment spin-off
By Chikafumi Hodo and Nathan Layne TOKYO (Reuters) – Billionaire hedge fund investor Daniel Loeb on Tuesday called on Sony Corp to spin off its lucrative entertainment arm, setting the stage for a clash between his activist Wall Street fund and management at the Japanese electronics maker. Loeb said his Third Point hedge fund had accumulated a little more than 6 percent of Sony's shares – a stake worth $1.1 billion – making it the largest stakeholder in the inventor of the Walkman portable music player and Trinitron TV Continue reading
ASIA MARKETS: Japan’s Nikkei Reclaims 15,000; Asia Stocks Mixed
Japanese shares soared Wednesday on the back of a weaker yen and strengthening expectations for earnings growth, sending the benchmark Nikkei Stock Average above the 15,000-point level for the first time in more than five years. Continue reading
‘That’s So Raven’ Star Orlando Brown — Another Day, Another Bench Warrant
What’s worse — getting a bench warrant issued for your arrest or having to take a moment to figure out which DUI arrest case the warrant is for?Case in point … TMZ has learned “That’s So Raven” star Orlando Brown was on the receiving end of… Continue reading
Chris Paul — Re-Signing with the Clippers? ‘I Hope So’
Los Angeles Clippers fans (yes, they have those now) are on edge wondering if star point guard Chris Paul will re-sign with the team this summer … and TMZ has the answer … kind of. Continue reading
TMZ Live: Shanna Moakler — Breastfeeding Ain’t for Me!
Ex-Miss USA runner-up Shanna Moakler took a shot at breastfeeding — saying it’s “incestual and gross” — and now some parents are pissed. Continue reading
MARKET COMMENT: HSI +0.3%; China Outlook Remains Cloudy -Prudential
The HSI is up 0.3% at 22,436.00, getting a modest fillip from news both China’s official data and HSBC data point to continued expansion of China’s service sector in March. Continue reading
Wall St edges higher as S&P 500 tops record close
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks edged higher on Thursday, with the S&P 500 rising just above its record closing high, which has acted as a significant resistance point in recent weeks. The S&P had been caught in a range, having traded within 10 points of the record closing high of 1,565.15 over the prior 13 sessions before successfully piercing that level on Thursday, while buyers moved in on signs of weakness to quickly eliminate any declines. Continue reading
Matt Lauer vs. Anderson Cooper: Who’d You Rather?
While NBC may have dreams of replacing ‘Today’ show reigning king Matt Lauer Continue reading
Gain in home prices lifts stocks; S&P near high
NEW YORK (AP) — The Standard & Poor's 500 index closed within a point of its all-time high after another strong report on housing encouraged investors to buy stocks. Continue reading
China’s Xi urges Netanyahu to restart peace talks
By Sui-Lee Wee BEIJING (Reuters) – China's President Xi Jinping urged Israeli Prime Minister Benjamin Netanyahu to restart peace talks with the Palestinians as soon as possible, days after he tried to convince Palestinian leader Mahmoud Abbas to revive discussions. Xi's comments to Netanyahu and Abbas this week reflect China's intent to strengthen its diplomatic role in a region where its influence has historically been weak. On Monday, Xi floated China's “four-point proposal” for peace with Abbas, who was visiting China in the same week as Netanyahu. Continue reading →