Business / Corporate Oct 31, 2015

Loeb's Third Point takes stake in Seven & i Holdings

Activist investor Daniel Loeb's Third Point LLC said it acquired a stake in Japan's second-largest grocery and retail group Seven & i Holdings Co. and proposed a spinoff of its supermarket unit. The New York-based company "continued to add to" its investment in Seven & ...

Loeb presses Sony on IPO, blasts film flops

Business / Corporate Jul 30, 2013

Loeb presses Sony on IPO, blasts film flops

Sony Corp. investor Daniel Loeb, pressing the case for an initial public offering of the company's entertainment unit, has leveled new criticism at management of the company's film and television studio. Sony Pictures Entertainment "is characterized by a complete lack of accountability and poor financial ...