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Billionaire hedge fund investor Daniel Loeb on May 14 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.
Nearly half of over $61 billion sent by expatriates in the Gulf countries in 2012 went to India, according to new data.
Matthew Winkler, editor-in-chief of Bloomberg News, apologised on May 13 for allowing journalists 'limited' access to sensitive data about how clients used Bloomberg terminals, saying it was 'inexcusable', but that important customer data had always been protected.