Two weeks after Japan’s March 11 earthquake knocked out more than 650 of Toyota Motor Corp.’s suppliers, halting worldwide production, the automaker had to decide where to focus its resources. It picked the Prius.
Applied Materials Inc. Chief Executive Officer Gary Dickerson has cut deals throughout his career in the semiconductor industry. In landing his biggest purchase, he’s even moving his family to Tokyo from California, people with knowledge of the matter said.
Toyota Motor Corp. President Akio Toyoda has put the company his grandfather founded on the road to record earnings after years of battling one crisis after another. The shares gained the most in almost eight months.
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. and Nintendo Co. unexpectedly slashed their profit forecasts in response to the failure of their televisions and handheld game players to keep pace with products from Samsung Electronics Co. and Apple Inc.
Sony Corp. and Panasonic Corp., Japan’s biggest consumer-electronics makers, fell to their lowest levels in three decades yesterday after forecasting earnings that missed estimates because of a failure to end losses from TVs.
Glencore International Plc’s agreed takeover of Xstrata Plc, making it the world’s biggest thermal coal exporter, poses a new threat to Japanese utilities forced to buy more of the fuel after the Fukushima nuclear disaster.