Aaron Clark News
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Exedy Corp., a Toyota Motor Corp. supplier, forecast sales will expand at almost twice the pace analysts expect as it benefits from a weaker yen and orders from carmakers including Volkswagen AG.
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Gibson Guitar Corp., maker of instruments played by Led Zeppelin’s Jimmy Page and Green Day’s Billie Joe Armstrong, agreed to buy control of Teac Corp., saying the deal allows the company to tap into Japanese cool.
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Co. plans to halt production at plant in Dec. 2014. * Co. to shut Kamakura plant in March 2015 * Co. to shut R&D center in Japan’s Kanagawa in Sept. 2013 * Shiseido to shift production to plants including Vietnam plant
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Honda Motor Co., Japan’s third- biggest carmaker, will build a new factory in Thailand after its 2012 vehicle sales reached a record in the Southeast Asian country.
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Sharp Corp. advanced to its highest in six months in Tokyo trading after the Nikkei newspaper said the company may sell a TV factory to Lenovo Group Ltd. and form a China sales venture with the PC maker.
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A platform in the U.S. Gulf of Mexico is on fire, Ryan Tippets, a petty officer with the U.S Coast Guard in New Orleans, said in a telephone interview.
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Hovensa LLC released sulfur dioxide because of a malfunctioning valve at its oil refinery in St. Croix in the U.S. Virgin Islands, according to a filing to the National Response Center.
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New Jersey drivers waited in two- mile-long lines to buy gasoline as Hurricane Sandy’s devastation of the New York metropolitan area flooded fuel terminals, curbed deliveries and left many filling stations in the dark and unable to run their pumps.
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Valero Energy Corp. is planning to shut units at the Meraux refinery in Louisiana for planned work that will start in late February, according to a person with knowledge of the situation.
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Oil rose for a second day in New York on optimism that a U.S. budget agreement will be reached, narrowing the discount to Brent crude to less than $20 for the first time in eight weeks.
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