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  • TORONTO, Feb 5- BlackBerry Ltd is cutting 200 jobs at its hometown headquarters in Ontario and in Florida in order to trim costs, it said on Friday, as the smartphone maker moves to turn around its fortunes and put more emphasis on its enterprise software business. The layoffs will affect 75 manufacturing jobs in Sunrise, Florida, a state government website showed.

  • By Makiko Yamazaki and J.R. Wu. OSAKA, Japan/ TAIPEI, Feb 5- Taiwan's Foxconn is aiming to finalise a deal to acquire Sharp Corp by the end of the month, after the two firms reached a consensus on most points at a meeting on Friday, Foxconn Chief Executive Officer Terry Gou said. The Apple Inc supplier has offered to invest around 659 billion yen in Sharp, sources familiar...

  • ATHENS/ SHANGHAI, Feb 5- China's COSCO is expected to make an offer for Greece's rail network after becoming the sole bidder for the country's largest port, two people familiar with the matter said, as the state owned shipping giant forges ahead with a plan to build a European transhipment hub. Bolstered by December's merger with China Shipping Group, COSCO's...

  • *Gou to hold news conference in Osaka at 0600 GMT. TAIPEI/ TOKYO, Feb 5- Foxconn Chief Executive Officer Terry Gou is in Osaka to meet executives of Japan's Sharp Corp, a Sharp spokesman said, one day after the struggling electronics maker said it was focusing on the Taiwan firm's takeover bid over a rival offer from a Japanese state-backed fund.

  • TAIPEI, Feb 5- Taiwan's Foxconn has offered to invest around 659 billion yen in struggling Japanese electronics maker Sharp Corp, two sources with knowledge of the matter said. Sharp has chosen Foxconn as its preferred bidder in takeover talks. One source said Sharp's board on Thursday had voted 13-0 to negotiate with Foxconn instead of a state-backed Japanese...

  • Kimball Electronics posts 2Q profit Thursday, 4 Feb 2016 | 8:45 AM ET

    JASPER, Ind. _ Kimball Electronics Inc. on Thursday reported fiscal second-quarter net income of $4.6 million. Kimball Electronics shares have fallen 13 percent since the beginning of the year. Keywords: Kimball Electronics, Earnings Report.

  • Arrow Electronics tops Street 4Q forecasts Thursday, 4 Feb 2016 | 8:43 AM ET

    CENTENNIAL, Colo. _ Arrow Electronics Inc. on Thursday reported fourth-quarter profit of $158.5 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.82 per share. Arrow Electronics expects full-year earnings in the range of $1.34 to $1.46 per share, with revenue in the range of $5.25 billion to $5.65...

  • TOKYO, Feb 4- Sharp Corp has chosen Taiwan's Foxconn as its preferred bidder in takeover talks, sources with knowledge of the decision said- paving the way for the biggest acquisition by a foreign company in Japan's insulated tech sector. That was more than double the amount proposed by a state-backed fund, the Innovation Network Corp of Japan.

  • *In Iraq, Islamic State uses satellite, microwave for Internet. DUBAI, Feb 4- Iraq is trying to persuade satellite firms to halt Internet services in areas under Islamic State's rule, seeking to deal a major blow to the group's potent propaganda machine which relies heavily on social media to inspire its followers to wage jihad. For Iraq then, the key is to stop the...

  • TOKYO— Troubled Japanese electronics maker Sharp plans to decide within a month between investment offers from Taiwanese company Hon Hai, also known as Foxconn, or a consortium of Japanese investors. Sharp Corp. has acknowledged it needs to restructure its once booming liquid crystal display panel business, now stumbling amid competition from Korean and...

  • *Hon Hai offered to invest around 700 bln yen- source. TOKYO, Feb 4- Struggling electronics maker Sharp Corp has decided to give Taiwan's Foxconn preferred negotiating rights in takeover talks, choosing its more generous offer over a rescue plan from a Japanese state-backed fund, sources with knowledge of the decision said. A Sharp executive plans to go to Taiwan...

  • Take-Two raised its full-year adjusted revenue forecast to $1.48- $1.53 billion from $1.33- $1.43 billion and its adjusted profit forecast to $1.65- $1.75 per share from $1.00- $1.15. This was 49 percent lower than a year earlier- a quarter that included the re-release of "Grand Theft Auto V" for the latest gaming consoles, as well as the launch of "Borderlands: The...

  • The company raised its full-year revenue forecast to $1.48- $1.53 billion from $1.33- $1.43 billion and its adjusted profit forecast to $1.65- $1.75 per share from $1.00- $1.15. Take-Two's adjusted income fell to $99.7 million, or 89 cents per share, in the third quarter ended Dec. 31, from $211.6 million, or $1.87 per share, a year earlier. Excluding items, revenue fell...

  • UPDATE 3-ABB shifts focus in China as demand slumps Wednesday, 3 Feb 2016 | 6:35 AM ET

    *ABB hit by slumping demand in China and from oil customers. ZURICH, Feb 3- Swiss engineer ABB is responding to sluggish demand in China by expanding in the country's western cities and focusing on sales of robotics and high-voltage power equipment, while cutting costs across the group. A cost-cutting programme meant to trim ABB's expenses by some $1 billion...

  • *China targeting deals that can upgrade its economy. The landmark acquisition comes at a time when M&A deals are already at a record high and as China battles to reverse currency outflows that undermine its yuan currency and eat into foreign exchange reserves. Syngenta is a prime example as the acquisition will give China instant global leadership in the...

  • Sparton posts 2Q profit Tuesday, 2 Feb 2016 | 4:53 PM ET

    SCHAUMBURG, Ill. _ Sparton Corp. on Tuesday reported fiscal second-quarter profit of $268,000. The Schaumburg, Illinois- based company said it had profit of 3 cents per share. Sparton shares have fallen 18 percent since the beginning of the year.

  • TOKYO— Nintendo Co. reported a 36 percent drop in quarterly profit on Tuesday after lackluster video game sales for the year-end holiday shopping season. For the nine months from April through December, Nintendo said global sales of the Wii U reached 3.06 million units. The results show Nintendo suffered during the holidays when game sales are usually strong.

  • SINGAPORE/ HONG KONG, Feb 2- Beyond China few may have heard of OPPO or Vivo, but these local handset vendors are rising up the rankings in the world's largest smartphone market, using local marketing savvy and strong retail networks in lower-tier cities. International brands such as Apple and Samsung Electronics have mostly not yet reached this part of the...

  • TOKYO, Jan 29- A Japanese state-backed fund said on Friday it had yet to decide on its potential rescue plan for Sharp Corp, while a media report said Taiwan's Foxconn had raised its offer in a rival move for the struggling electronics maker. Innovation Network Corp of Japan officials have been discussing a capital injection of more than 300 billion yen into Sharp...

  • Foxconn raises offer for Sharp to $5.44 bln - WSJ Friday, 29 Jan 2016 | 7:26 AM ET

    Jan 29- Taiwan's Foxconn Technology Co Ltd has raised its offer for troubled Japanese electronics maker Sharp Corp to 659 billion yen, a deal that would dilute existing stockholders, the Wall Street Journal reported citing people familiar with the matter. Rather, the company would inject 389 billion yen into Sharp in exchange for new shares, after which it would...