The Japanese manufacturer Hitachi Ltd. agreed to buy Horizon Nuclear Power from Germany’s two largest utilities for 696 million pounds ($1.1 billion), ensuring support for the U.K. government’s energy program.
Toshiba Corp. and Hitachi Corp. may struggle to find buyers for their nuclear reactors after the worst atomic disaster since Chernobyl damaged Japan’s reputation for safety, analysts and investors said.
Sony Corp., Japan’s largest exporter of consumer electronics, fell the most in almost eight months in Tokyo trading after forecasting a full-year loss because of a strong yen, waning TV sales and flooding in Thailand.
Sony Corp. will probably put songs by Michael Jackson and Whitney Houston online in Japan through its streaming music service. The trouble will be finding listeners who haven’t bought them from Apple Inc. in the past seven years.
Japan’s Nikkei 225 Stock Average fell 231.73, or 2.4 percent, to 9526.67 at the 11 a.m. trading break in Tokyo. The following are among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.
Sony Corp. had its credit rating put on review for a possible downgrade at Standard & Poor’s because of weakening earnings at its TV business and the effects from purchasing Ericsson AB’s stake in their phone venture.