Sony Corp. advanced the most in more than eight months in U.S. trading after the Nikkei newspaper reported the company is in talks to sell its personal-computer business to Japan Industrial Partners Inc.
Personal-computer shipments plummeted in every region of the world in the first quarter as buyers opted for smartphones and tablet computers and Microsoft Corp.’s newest operating system met with weak demand.
Microsoft Corp.’s third-quarter profit exceeded analysts’ estimates, buoyed by cost controls and sales of business and server software amid weak demand for personal computers running the new Windows 8 operating system.
Global personal-computer shipments rose 22 percent in the second quarter, a sign consumer demand is picking up even amid lingering concerns about the pace of economic recovery, according to research firm IDC.
Singapore will encourage tourists to spend more by offering marquee events and attractions such as the Formula One night race as a faltering global recovery threatens to curtail growth in visitor arrivals.