Sony

Why Sony may concede to Daniel Loeb and sell this time (or not)

The Sony logo is seen in white on a wall as people walk around and look at phones and other tech.
Photo: Nikolas Joao Kokovlis/SOPA Images/LightRocket via Getty Images

Sony shares jumped 8% after Reuters' Svea Herbst-Bayliss and Liana Baker reported that activist investor Daniel Loeb’s hedge fund Third Point was building a stake in the company to push for changes that include shedding some businesses.

The big picture: It's the second time in 6 years Third Point has targeted the Japanese electronics maker, Reuters notes, buying as much as 7% of Sony in 2013, after a weak couple of years for the stock. It then pushed it to spin off its entertainment business but was rejected. (Third Point sold its shares at a 20% profit.)

DOJ files complaint against North Korean for cyberattacks

A poster for "The Interview." Photo: Robyn Beck/AFP/Getty Images

The Department of Justice announced Thursday it had filed a criminal complaint in June of this year against a North Korean and a North Korean entity for hacking Sony Pictures in 2014, digitally stealing millions of dollars from the bank of Bangladesh, the WannaCry malware attack in 2017 and other attacks.

Why it matters: Until now, North Korea had been the only country of the four major non-U.S. cyber powers that had not seen U.S. indictments, behind Iran, China and Russia.