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  • *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...

  • 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...

  • *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...

  • *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...

  • 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...

  • 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...

  • Jan 29- Xerox Corp said it would split into two companies, one holding its legacy hardware operations and the other its business process outsourcing unit. The printer and copier maker will give billionaire activist investor Carl Icahn, who holds an 8.13 percent stake, three seats on the board of the business process outsourcing company. Xerox, whose shares had...

  • *Q3 op profit 202 bln yen vs market consensus 175 bln yen. TOKYO, Jan 29- Sony Corp, widely regarded as a key supplier of image sensors for Apple Inc's iPhones, said on Friday it was bracing for a slowdown in the premium smartphone market after sales of its sensors fell in the third quarter. "Demand for image sensors from certain customers has slowed since November due to...

  • *Q3 op profit 202 bln yen vs market consensus 175 bln yen. TOKYO, Jan 29- Sony Corp, widely regarded as a key supplier of image sensors for Apple Inc's iPhones, said on Friday it was bracing for a slowdown in the premium smartphone market after sales of its sensors fell in the third quarter. "Demand for image sensors from a specific customer has slowed since November due...

  • Jan 28- Xerox Corp will split into two companies and give activist investor Carl Icahn three seats on the board of one of the companies, the Wall Street Journal reported. One of the companies will house Xerox's hardware operations and the other its services business, the Journal reported on Thursday, citing people familiar with the matter. Icahn will be given the...

  • Jan 28- Xerox Corp will split into two companies and give billionaire activist investor Carl Icahn three board seats on one of the companies, the Wall Street journal reported. Xerox will split into one company containing its hardware operations and another housing its services business, the Journal reported, citing sources. The WSJ said Icahn would get the...

  • Jan 29- Chinese consumer electronics maker LeEco plans to start selling virtual reality headsets and launch smart TVs in India in the June quarter, months after entering the country with its smartphone range, a company executive said. Atul Jain, India chief operating officer of LeEco, declined to disclose the price of the company's VR device.

  • *Q4 operating profit $5.1 bln, in line with guidance. SEOUL, Jan 28- Tech giant Samsung Electronics Co Ltd on Thursday warned of possible weaker earnings this year due to softer sales of gadgets such as smartphones, a trend that is also hurting rival Apple Inc and major chipmakers. Revenue rose 1.1 percent to 53.3 trillion won, slightly better than the 53 trillion won...

  • SEOUL, Jan 28- Tech giant Samsung Electronics Co Ltd on Thursday warned of possible weaker earnings this year compared with 2015 due to softer sales of gadgets such as smartphones, a trend that is also hurting rival Apple Inc and major chipmakers. Samsung said its October-December operating profit was 6.1 trillion won, compared with 6.1 trillion won it guided...