Sharp Corp. and Panasonic Corp., Japanese electronics makers struggling to recover from record losses, are boosting sales of air purifiers in China as pollution worsens in the world’s most populous country.
Sharp Corp., the unprofitable Japanese TV maker, said a second investment of about 5 billion yen ($53 million) from Qualcomm Inc. has been delayed because the companies failed to meet terms of their original agreement.
Sharp Corp., the Japanese panel maker selling a stake to Foxconn Technology Group, fell in Tokyo trading after its credit ratings were cut and a report said the company offered to lower the price of the shares.
MBIA Inc. hid potential losses of as much as $950 million on commercial real estate debt as it sought New York regulators’ approval to restructure its insurance business in 2008, banks including Bank of America Corp. and UBS AG claimed in court papers.
Sharp Corp. is considering ending a contract with Foxconn Technology Group under which the Taiwanese manufacturer makes Sharp-branded phones for sale in China, according to a person familiar with the situation.
Sharp Corp., Japan’s No. 1 liquid- crystal display maker, expects floods in Thailand to hurt sales as Hynix Semiconductor Inc. said the disaster may trim computer shipments in the first quarter of next year.