By Tim Kelly TOKYO (Reuters) – Few foreign activist investors have made much headway in forcing change in Japan, where a conservative corporate culture favors long-standing ties with banks, business partners and workers rather than shareholders seeking value. Struggling electronics giant Sony Corp, though, with more foreign and fewer bank shareholders, may prove something of an exception. That's the hope, at least, of Californian billionaire Daniel Loeb, whose Third Point hedge fund has built up a more than 6 percent stake in Sony, making it the group's biggest stockholder. …

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Is Sony un-Japanese enough to entertain change?

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By Malathi Nayak and Bill Rigby SAN FRANCISCO/SEATTLE (Reuters) – Microsoft Corp is set to make a splash this week with the eagerly awaited unveiling of its new Xbox game console, eight years after the last version, as it seeks a larger share of the $65 billion a year global computer gaming industry. But the small device faces some big competition from the PlayStation 4 by Sony Corp and the Wii U by Nintendo Co Ltd in a shifting market. …

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New Xbox more than a game console for Microsoft

(Reuters) – Yahoo Japan Corp said on Friday night it suspected that up to 22 million of its user IDs may have been “leaked” and it detected an unauthorized attempt to access the administrative system of its web portal Yahoo Japan, the Kyodo news agency reported. The leaked information does not include passwords and data necessary for identity verification to reset passwords, the agency said. The company detected the access attempt at around 9 pm on Thursday, Kyodo reported. Yahoo Japan checked its system after severing access and found traces of an attempt to steal user IDs, according to …

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Yahoo Japan suspects 22 million user IDs leaked: Kyodo

TOKYO (Reuters) – Sony Corp, responding to a shareholder's call for it to spin off its entertainment operations, said its entertainment businesses were important to its growth strategy and “are not for sale”. The statement from a Sony spokesman came after hedge fund Third Point went public with a proposal for Sony to sell part of its entertainment division in a public offering to bolster the electronics group's profitability and boost the share price. (Reporting by Nathan Layne; Editing by Edmund Klamann)

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Sony says entertainment businesses not for sale