Shiro Mikoshiba News
-
Panasonic Corp., Japan’s second- biggest TV maker, plunged by the daily limit in Tokyo trading after forecasting a loss 30 times bigger than analyst estimates because of restructuring costs and falling demand.
-
Sony Corp.’s incoming President Kazuo Hirai put himself in charge of the company’s unprofitable TV unit, staking his reputation on ending eight years of losses.
-
Sharp Corp., Japan’s largest maker of liquid-crystal displays, fell to the lowest in 33 years in Tokyo trading after forecasting a wider-than-expected full-year net loss amid slow demand for televisions.
-
Denner, a Swiss retailer, said it will resume offering Nespresso-compatible coffeemaker capsules after a local court lifted an injunction against their sale amid a patent dispute with Nestle SA .
-
Sony Corp. incoming Chief Executive Officer Kazuo Hirai said he will make “a hard, painful decision” to cut costs in the TV business and supply chain to turn around a company facing a fourth straight annual loss.
-
Japan’s biggest makers of phones, televisions and chips say they’ll lose about $17 billion this year, about three-quarters of what Samsung Electronics Co. will spend on research to lengthen the lead over its competitors.
-
Corporate profits probably rose to a record last quarter, with demand for items from Caterpillar Inc. equipment to Daimler AG cars holding up so far in the face of supply disruptions from the earthquake in Japan. The estimates six months out may prove too rosy, investors said.
-
Sony Corp. sold its stake in the venture with Samsung Electronics Co. to make liquid-crystal displays to the South Korean company after predicting an eighth consecutive year of losses from TVs amid sluggish demand.
-
Panasonic Corp. and Samsung SDI Co. , the world’s two largest makers of rechargeable batteries, may deepen price cuts this year as overproduction worsens a glut in the industry, analysts said.
-
Sony Corp . said some of its PlayStation 3 game consoles were seized by Dutch customs authorities following a patent-infringement complaint lodged by South Korea’s LG Electronics Inc .
|
|
Most Popular on Bloomberg
|
| |