A television unit flourishes in an often overlooked corner of Sony
Sony Pictures Television has gone largely underacknowledged, but that is changing, partly because of prodding from one of its largest shareholders. Investor Daniel S. Loeb, whose Third Point hedge fund owns about 7 percent of Sony, urged Sony to spin off part of Sony Entertainment, which includes film, television and music businesses. The Japanese conglomerate rejected that proposal on Aug. 5, but Sony made one concession, saying it would begin disclosing more financial information about the studio?s performance According to a report, British banking group Lloyds is set to sell its German insurance business to Frankfurt-listed insurer Hannover Re for 400 million euros as it continues to streamline its business,
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