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.
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
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.
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.