Business briefs

Published May 15, 2011 4:00am ET



Sony restores partial PlayStation Network service TOKYO — Sony began restoring its PlayStation Network service in the United States and Europe on Sunday after shutting down the service almost a month ago due to a massive security breach affecting over 100 million online accounts.

Restored operations are mainly limited to online gaming, chat and music streaming services. Sony said it aimed to fully restore the PlayStation Network by the end of May.

Sony also began Sunday a phased restoration of its Qriocity movie and music services which share the PlayStation Network’s server, said Sony Computer Entertainment Inc. spokesman Satoshi Fukuoka.

Sony’s PlayStation network is a system that links gamers worldwide in live play. Sony shut it down April 20 after discovering a hacker attack and said personal data, including credit card numbers, may have been stolen. But the company said Sunday it had not received any reports of the stolen information being used illegally. — AP

Canadian group submits rival bid for TMX

A group of Canadian banks and pension funds is offering to buy Toronto Stock Exchange owner TMX Group Inc. in a $3.7 billion bid that champions a domestic alternative to London Stock Exchange Group PLC’s takeover agreement. Ontario Finance Minister Dwight Duncan said he welcomed the proposal from Maple Group Acquisition Corp., a consortium of four banks including Toronto-Dominion Bank and five Canadian pension funds. — Bloomberg

Feds probe Ford Freestyle for unintended ‘lunging’

Ford Motor Co.’s Freestyle crossover SUVs are under investigation by the National Highway Traffic Safety Administration following 238 complaints about unintended “lunging” at low speeds when the driver’s foot isn’t on the accelerator pedal. The U.S. auto-safety regulator is investigating about 170,000 Freestyles, model years through 2007, after 18 crashes attributed to the defect, including one that resulted in a minor injury, the agency said in a posting on its website. — Bloomberg