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  Sony Board Discussing Loeb’s Entertainment IPO Proposal

  Updated 4 minutes ago

  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.

• Russia April Industrial Output Slowed Less Than Forecast

  Updated 33 minutes ago

  Russian industrial-output growth slowed as a stalling economy and weakening exports hurt demand.

• German Bonds Advance After Nation Sells New 10-Year Securities

  Updated 53 minutes ago

  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.

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  Oklahoma Survivor Search Nears End as Damage Toll Emerges

  Updated 41 minutes ago

  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.

• U.K. Stocks Little Changed Before Bernanke Testimony

  Updated 53 minutes ago

  U.K. stocks were little changed near their highest level since 1999 as investors awaited Federal Reserve Chairman Ben S. Bernanke’s testimony to U.S. Congress.

• Irish Man Charged Over 1982 London Car Bomb Attack in Hyde Park

  Updated 1 hour, 9 minutes ago

  A 61-year-old man from Ireland was charged with the murder of four British soldiers in a 1982 bombing in London’s Hyde Park by the Irish Republican Army.

• Axiata Said to Weigh Bid for Saudi Telecom’s Axis Indonesia

  Updated 22 minutes ago

  Axiata Group Bhd., Malaysia’s largest mobile-phone operator, is evaluating a bid for PT Axis Telekom Indonesia, three people with knowledge of the matter said.

• Glaxo to Get Up to $200 Million for U.S. Research

  Updated 1 hour, 33 minutes ago

  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 to Add Several Thousand Workers in China, Ballmer Says

  Updated 37 minutes ago

  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.

• Vatican Says It Strengthened Efforts to Combat Money Laundering

  Updated 1 hour, 32 minutes ago

  The Vatican said it stepped up efforts to improve financial transparency and prevent money laundering as pressure continues for compliance with international standards.

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