Sony Scoffs Deadline to Respond to Loeb's Proposal

May 22 (Bloomberg) -- Bloomberg's Aiko Nanao reports that Sony chief executive officer Kazuo Hirai has not set a timetable for a response to its consideration of a proposal from Daniel Loeb's Third Point on spinning off the entertainment business. She speaks on Bloomberg Television's "The Pulse."
U.S. Consumer Spending Rises 0.1%, Incomes Up 0.4%
29:32 - Consumer purchases rose less than projected in February, indicating the biggest part of the U.S. economy will find it hard to sustain momentum after the best quarter since 2006. Bloomberg’s Scarlet Fu reports on “In The Loop.” (Source: Bloomberg)
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