Updating Sony Corp. Adrs, Cars.com Inc. and General Electric Co.

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SONY CORP. ADRs $59 (New York symbol SNE; Manufacturing & Industry sector; ADRs outstanding: 1.3 billion; Market cap: $76.7 billion; Dividend yield: 0.5%; Takeover Target Rating: Lowest; www.sony.net) has rejected demands from activist investor Daniel Loeb, who owns roughly 2% of the company’s shares through his Third Point hedge fund, to spin off its image sensor division. That business supplies camera components to makers of smartphones and other devices and supplies 10% of Sony’s revenue. The company feels the costs of a spinoff, including paying higher patent licencing fees for its current technology, offset the potential benefits. As well, it plans to hang on its stake in Sony Financial, its financial services division. Even though the likelihood of spinoff seems remote, Third Point’s pressure will continue to draw attention to Sony’s other operations such as its videogame and media divisions. Sony is a hold. CARS.COM INC. $10 (Nasdaq symbol CARS; Consumer sector; Shares outstanding: 66.7 million; Market cap: $667.0 million; No dividends paid; Takeover Target Rating: Highest; www.cars.com) is an…