Sony Corp. said its newly appointed board of directors will "appropriately" consider the proposal from U.S. hedge-fund investor Daniel Loeb to launch an IPO of its entertainment arm.
Smaller-jet makers Embraer and Bombardier have drawn attention with contrasting order books at the Paris Air Show, with Bombardier yet to snare any orders for its coming CSeries jets.
Nike is encouraging developers to build apps for its FuelBand digital bracelet by giving them aggregate data from customers. It's part of a push for the sportswear giant to reposition itself as a technology company.
Microsoft was recently in advanced discussions with Nokia about a purchase of its device business, in a marriage that could have reshaped the mobile-phone industry.
Rio Tinto is set to make its first shipment of copper and gold from the Oyu Tolgoi mine in Mongolia, an operation the mining company estimates will eventually account for over 30% of the country's gross domestic product.
SandRidge Energy chief Tom Ward was ousted by the company's board and given an about $90 million severance package following a probe of dealings with businesses controlled by members of his family.
A Milan court has convicted the designers Domenico Dolce and Stefano Gabbana of tax evasion. The court sentenced them both to one year and eight months in jail.
The Bank of England said U.K. lenders together had a capital shortfall of $41.96 billion at the end of 2012 and need to sell assets and restructure further to close the gap.
Facebook, Google and Microsoft and other Internet companies have been paying broadband-service providers for connections to get faster and smoother access into their networks. Netflix has been reluctant.
