Sony Said to Prepare to Take Loeb’s Entertainment Spinoff Plans to Board Sony Corp.’s board will evaluate a proposal by Daniel Loeb’s Third Point LLC to spin off part of its entertainment business, according to a person familiar with the matter.

BOJ Maintains Easing Plan After Biggest Jump in Japan Yields in Five Years The Bank of Japan affirmed a plan to double the monetary base over two years after a jump in bond yields highlighted risks associated with Prime Minister Shinzo Abe’s campaign to revive the economy.

Google to Yahoo Join Apple in Avoiding Tax Through Units’ Stateless Income U.S. Senate scrutiny of Apple Inc.’s tax strategies turned the spotlight on a unit with $30 billion in profit since 2009 that’s incorporated in Ireland, controlled by a board in California, and doesn’t pay taxes in either place.

Temasek Lifts ICBC Stake for Third Time in Year as Goldman Sachs Exiting Temasek Holdings Pte, Singapore’s state-owned investment company, boosted its stake in Industrial & Commercial Bank of China Ltd. for the third time in a year as Goldman Sachs Group Inc. exited its seven-year-old investment.

Banking Crisis Spawns New Asset Class of Covered Junk Bonds: Euro Credit Europe’s financial crisis is spawning a new asset class as bank downgrades relegate covered bonds, once valued as among the safest investments, to junk status.

Turkey’s Upgrade No Match for Basci Rate Cuts as Lira Tumbles: Currencies Turkish central-bank Governor Erdem Basci’s determination to weaken the lira is more influential to currency traders than the country’s first investment-grade credit rating from Moody’s Investors Service in two decades.

Richemont Departure Signals Fashion Is an Accessory for Watchmaker: Retail For luxury-goods maker Richemont, clothing and bags are going out of fashion.

Apple Bonds Stick Buyers with $280.6 Million Loss as Yields Rise From Lows Apple Inc.’s bonds have lost $280.6 million of market value since buyers snapped up $17 billion of the iPhone maker’s debt last month, declining as yields climb from record lows.

Floating Hogs Overlooked in China With Pork Exports From the U.S. to Gain A recovery in pork prices after a safety scare in China, the world’s biggest meat consumer, may help revive flagging imports and boost profits for producers in the U.S., a trade group said.

Death in Parched Farm Field Shows Growing Tragedy in India Water Conflict Sachin Ingale slipped out of his family’s two-room, white-painted mud hut about 4 p.m. and walked into their farm field where the 22-year-old took a deep swig of pesticide from a plastic bottle. He died later that evening.