Sony Corp. directors are discussing whether to adopt billionaire Daniel Loeb’s proposal for an initial public offering of its entertainment business, a week after the TV maker said the assets weren’t for sale.
German government bonds gained for the first time in three days as the nation sold new 10-year securities before Federal Reserve Chairman Ben S. Bernanke testifies on the outlook for the world’s biggest economy.
Rescuers began winding down the search for survivors and victims of a mile-wide tornado that plowed across an Oklahoma City suburb, killing 24 people, as authorities put their first estimate of damaged or destroyed homes at 2,800.
GlaxoSmithKline Plc, the U.K.’s largest drugmaker, will work with the U.S. government to develop antibiotics for resistant infections and bioterrorist threats in an agreement valued at as much as $200 million.
Microsoft Corp., the largest software maker, will hire several thousand workers in China to support new cloud computing services and smartphones using its Windows operating system, Chief Executive Officer Steve Ballmer said.