Yahoo! Finance News – Saks Inc., Daniel Loeb, US Federal Reserve, Microsoft, Best Buy, Carnival, Saks Are Big Movers
Stocks that moved substantially or traded heavily on the New York Stock Exchange and the Nasdaq Stock Market include Best Buy, down .17; Carnival Corp., down .51; and Saks, up .39.
Sony to Assess Spin-Off Proposal for Entertainment Business
Billionaire hedge fund investor Daniel Loeb last week called on Sony to spin off its lucrative entertainment arm, setting the stage for a clash between his activist Wall Street fund and management at the Japanese electronics maker.
Fed Officials Dampen Speculation of Imminent Bond Tapering
Two senior Federal Reserve officials played down chances that the U.S. central bank would signal a readiness to taper bond buying at its meeting next month, dampening speculation the Fed might soon dial back its ultra-easy policy.
Microsoft Touts Xbox One as All-in-1 Entertainment
Microsoft unveiled the Xbox One, a next-generation entertainment console that promises to be the one system households will need for games, television, movies and other entertainment. The company calls it an “all-in-one home entertainment system.”