Hedge fund manager Daniel S. Loeb is pressing Sony Corp. (SNE) into spinning off part of its entertainment arm.
Sony gapped open sharply higher Tuesday, but traded in a range throughout the session. The stock ended the day with a gain of 1.87 at $20.76 on the highest volume of the year. Sony rose to its second consecutive new high for the year.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.