Yoshiharu Izumi News
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Tokyo-based JPMorgan Chase & Co. analysts Yoshiharu Izumi and Nobuhito Owaki will leave the company, according to a person familiar with the matter.
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Even James Bond and Spider-Man can’t rescue Sony Corp., the beleaguered Japanese electronics maker.
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Sharp Corp., Japan’s largest liquid- crystal-display maker, fell the most in three weeks in Tokyo trading after JPMorgan Chase & Co. cut its estimate for profit on costs related to panel factories.
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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.
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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.
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The following companies may have unusual price changes in Asian trading tomorrow. Stock symbols are in parentheses and share prices are as of the latest close. The information in each item was released after markets shut unless stated otherwise.
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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.
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Sony Corp. earnings are “moving in the right direction” as Japan’s biggest exporter of consumer electronics accelerates a plan to turn around its unprofitable TV business, Chief Executive Officer Kazuo Hirai said.
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Howard Stringer, who has overseen a 50 percent decline in Sony Corp.’s value, may cost shareholders a 70 percent gain by clinging to its television business.
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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.
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