Masahiko Ishino News
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Taiwan billionaire Terry Gou built a manufacturing empire that assembles iPhones and iPads. His Foxconn Technology Group may be key to ensuring Sharp Corp.’s survival and a stable supply of components for Apple Inc.
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Panasonic Corp., seeking to turn around after a record loss last year, said restructuring costs this year may exceed an initial estimate as the company takes charges to cut jobs and accounts for depreciation of factories.
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Sony Corp. and Sharp Corp., Japan’s biggest makers of liquid-crystal-display televisions, fell in Tokyo trading after announcing record losses amid declining global TV shipments and the strong yen.
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Panasonic Corp. , the world’s largest maker of plasma televisions, fell the most in more than two months in Tokyo trading after the company reported profit that missed analyst estimates.
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Sony Corp.’s sales of PlayStation 3 video game consoles jumped 44 percent in the U.S. in March, helped by the release of the “God of War III” title, according to market researcher NPD Group Inc.
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The day after Sony Corp . named Kazuo Hirai the frontrunner to succeed Chief Executive Officer Howard Stringer , Japan’s strongest quake hit. Three weeks into the job, an intruder hacked into the company’s online services.
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Sony Corp. will resume full PlayStation Network services in Japan this week, completing the final stretch of the company’s 2 1/2 month restoration of its online operations after they were attacked by hackers.
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Japanese stocks rose for a fourth day as better-than-expected jobs data in the U.S. eased concern recovery in the global economy is faltering and as the yen fell.
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When Sony Corp.’s 2006 release of PlayStation 3 flopped because features installed by the engineer who founded the business made the games console too expensive, Chief Executive Officer Howard Stringer tapped Kazuo Hirai to turn the division around.
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Asian stocks rose, driving the MSCI Asia Pacific Index to a four-week high, as better-than-estimated jobs data fueled confidence the U.S. economy will skirt a recession.
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