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Sony Board Will Review Loeb Spinoff Proposal: CEO

Chisel Split Ice

It's important that the Sony board examine activist investor Dan Loeb's proposal to spin off part of the entertainment business and it's premature to speculate on what will happen, CEO Kazuo Hirai told CNBC's "Closing Bell" on Thursday.

UK Growth Will Beat Expectations: Industry Body

Green Shoots

The U.K. could post better-than-expected growth numbers over the next three years, with a strong service sector propelling household consumption and business investment, according to business lobby group, the British Chambers of Commerce (BCC).



Goldman Sachs Blink

Goldman: Don't freak out about a global recession

Carnage in financial and commodity markets may be painting a doomsday picture for the world economy, but the threat of a global recession is low, says Goldman Sachs, which advocates remaining overweight developed market equities over the next six to 12 months.