Port Washington News
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Third Point LLC, the hedge fund led by billionaire Daniel Loeb, increased its stake in Sony Corp. while pushing for talks with the board on a proposed initial public offering of the company’s entertainment business.
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U.S. retail sales of video-game hardware, software and accessories fell 25 percent to $386.3 million last month as consumers shifted to digital titles played on mobile devices and awaited next-generation consoles.
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Airbus SAS, Boeing Co. and Embraer SA won $19 billion in orders from lessors on the first day of the Paris Air Show, gaining support for some of the newest and largest planes from buyers spanning the global airline industry.
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Embraer SA won orders for 100 upgraded regional jets from SkyWest Inc. and 50 from American International Group Inc.’s leasing unit, a boost for the planemaker’s strategy of refreshing its lineup instead of building an all-new aircraft.
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Manufacturing in the U.S. unexpectedly shrank in May at the fastest pace in four years, showing slowdowns in business and government spending are holding back the world’s largest economy.
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Microsoft Corp. crammed the new Xbox One with something for everybody. One constituency says it got short shrift: the die-hard players who tend to spend most on high-end action-packed titles.
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Coach Inc. has fought for relevance in recent years by introducing bling-laden products to attract younger shoppers and then bringing back more classic lines for its long-time customers. Yet the company remained true to its roots: finely crafted leather bags.
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U.S. retail sales of video-game hardware, software and accessories fell 25 percent to $495.2 million last month, as consumers shifted to digital titles played on mobile devices and awaited next-generation consoles.
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Microsoft Corp. unveiled its first new Xbox in almost eight years, seeking to position the console at the center of games and home entertainment against a growing roster of competitors that includes Apple Inc. to Facebook Inc.
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Airbus SAS is in discussions with Japan’s two biggest carriers about an order for its A350-1000, a long-range plane aimed at eroding Boeing Co.’s dominance in wide-body aircraft, three people familiar with the talks said.
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