Sony’s movie and TV unit is to buy Britain’s CSC media network. Photographer: Tomohiro Ohsumi/Bloomberg

Sony’s movie and TV unit will snap up Britain’s CSC media network, adding to a string of acquisitions by the Japanese company to shift its focus from (...)

Hertz’s first-quarter results are likely to be below market estimates due to costs related to the accounting review, the company said in a regulatory filing. Photograph: Reuters/Rebecca Cook

Car rental company Hertz Global said it would restate or correct financial results for the past three years to fix accounting errors originating in(...)

Andrew Liveris:  said the company was “open to all good ideas”. Photograph: Scott Eells/Bloomberg

A break-up of Dow Chemical would raise costs, its chief executive has said, as he rejected calls from Third Point, the hedge fund, for the group to sp(...)

Nokia Lumia 625 Windows smartphones on display inside the new Microsoft store in Berlin, Germany. Photo: Bloomberg

Nokia shareholders are today expected to approve the sale of its mobile phone business to Microsoft, with the deal’s financial benefits likely to outw(...)

Francis Bacon’s 1969 triptych, “Three Studies of Lucian Freud,” on display as it is auctioned at Christie’s in New York, November 12th, 2013. The painting sold for $142.4 million, described as the highest price ever paid for an artwork at auction. Photograph: Chang W. Lee/The New York Times.

A painting by Dublin-born artist Francis Bacon sold for $142.4 million (€105.3 million) at auction in New York last night – the most valuable work of (...)

Sony  president and chief executive officer Kazuo Hirail: Sony’s numbers underline the challenges facing Kazuo Hirai, who took up the helm of Sony in April last year.  Photograph: Fabrizio Bensch/Reuters

Japanese consumer giant Sony is poised for another abortive turnaround after slashing its full-year net profit forecast by 40 per cent to ¥30 billion(...)

Planet Business

Image of the week: Washington impasseThe gates to the children’s playgrounds were padlocked. The road to the Lincoln Memorial was closed. And more tha(...)

The S&P 500 is up 150 per cent since March 2009, 55 per cent since October 2011 and 20 per cent in 2013, but it’s not expensive, according to Merr(...)

George Clooney: ‘If guys like this are given any weight because they’ve bought stock, this does great damage.’ Photograph: Gareth Cattermole/Getty

Onscreen, George Clooney has played a few heroic parts, but he seems to have a fondness for characters whose charms are balanced out by a ration of se(...)

Bill Ackman:  short on Herbalife

Short selling can be a dangerous game, as hedge fund giant Bill Ackman (above) is discovering.Last December, Ackman – a seemingly unpopular man on Wal(...)