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Third Point wants Sony to explore options for some of its business units, including its movie studio, which the fund believes has attracted takeover interest, the sources said. Sony Chief Executive Kenichiro Yoshida sees movies, music and other intellectual property as central to stable revenue growth, having battled years of losses in consumer goods such as television sets that are more susceptible to price competition van heusen cufflinks. “I don’t think a sale of the pictures business is an option for Sony now because entertainment content is becoming crucial for the company,” Ace Securities analyst Hideki Yasuda said, pointing out synergies seen in the success of action game Marvel’s Spider-Man and the related movie series..
“The profit margin at Sony’s pictures business is thinner than rivals, but that’s a result of past management decisions, including the sale of rights to Spider-Man merchandise.”. The business is on track to recover from a series of short-term measures that cost the company long-term profit, Yasuda said van heusen cufflinks. Sony forecasts its pictures segment to report 50 billion yen in operating profit for the year ended March, less than a tenth of the estimated 870 billion yen profit for the entire company..
WASHINGTON (Reuters) – The U.S van heusen cufflinks. Trade Representative on Monday proposed a list of European Union products ranging from large commercial aircraft and parts to dairy products and wine on which to slap tariffs as retaliation for European aircraft subsidies. With the move, the USTR said it was kicking off the process for retaliation against over $11 billion worth of damage from EU subsidies to Airbus that the World Trade Organization has found cause “adverse effects” to the United States..
The European Union and the United States have been battling for more than a decade over mutual claims of illegal aid to plane giants Boeing and Airbus, with parallel cases at the WTO van heusen cufflinks. Both sides have been caught paying billions of dollars of subsidies to gain advantage in the global jet business. The move by the USTR marks an escalation of tensions as the United States seeks to slap hefty tariffs on a range of EU products. The EU has left most of its subsidies unchanged and launched additional aid since the challenge, USTR said..
“Our ultimate goal is to reach an agreement with the EU to end all WTO-inconsistent subsidies to large civil aircraft. When the EU ends these harmful subsidies, the additional U.S. duties imposed in response can be lifted,” U.S. Trade Representative Robert Lighthizer said in the statement. The WTO said last year it would evaluate a U.S. request to slap billions of dollars worth of sanctions on European products in response to a ruling that the EU had doled out the illegal subsidies to the aircraft giant van heusen cufflinks.