Sony Corp. jumped the most in more than 10 months in Tokyo trading after incoming Chief Executive Officer Kazuo Hirai said he will close down some underperforming businesses to help revive the unprofitable company. (read more here…) Related items Sony aims to boost non-consumer sales to $26 billion Sony recalls 1.6 mil. LCD TVs...
Japan's Sony Corp. forecast Thursday that its loss for the full fiscal year ending this March would top 220 billion yen ($2.9 billion), a sharp increase from an earlier expectation of 90 billion yen. (read more…) Related items Sony sees $2.9 billion loss, reveals daunting task for new CEO Olympus sticks to defence of...
TOKYO (Reuters) – Japan's ailing electronics giant, Sony Corp, warned investors on Thursday it was heading for a worse-than-expected (1.8 billion pounds) annual loss, revealing the daunting task ahead … (read more here…) Related items Sony forecasts wider loss for fiscal 2011 Sony Rises on Optimism Hirai Will Rebuild Company: Tokyo Mover Sony launches...
(Reuters) – Sharp Corp will halve its LCD panel output at its Sakai facility in Osaka in Japan, marking its second deep production cut in a year, hurt by slumping television demand, the Nikkei business daily said. The reduced rate of production, which will continue for a month or more, is likely to hurt...
TOYOTA Motor Corp. (TMC) last week held an event at its Toyota Biotechnology and Afforestation Laboratory in Aichi, Japan, to showcase technologies developed, which include yeast that increases the yield of cellulosic ethanol bio-fuel, greening of parking lots and walls, and a new “cool-spot creation technology” for simulating and analyzing the effects of greening....
AP – Exxon Mobil Corp. is selling its Japanese refining and marketing business to partner TonenGeneral Sekiyu K.K. in a $3.9 billion deal that reflects a long-term decline in Japan’s demand for fuel and a global strategy to refocus on exploration. (read the story…) Related items Exxon selling Japan unit for $3.9B to cut...
