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  • TOKYO, Feb 18- Japan's electronics maker Panasonic Corp said on Thursday it plans to change its company rules to recognize same-sex marriages, joining a growing trend toward acceptance in a country where being openly gay largely remains taboo. The review was prompted by re quests from its employees, global trends, and its status as a sponsor of the Tokyo 2020...

  • TOKYO, Feb 17- A Japanese state fund is making a final effort to secure a takeover of Sharp Corp as the ailing electronics maker considers a higher $5.8 billion offer from Taiwan's Foxconn, criticizing the composition of the company's board, sources said. Innovation Network Corporation of Japan officials are taking issue with two of Sharp's board members who...

  • *Tumbling commodity prices hit Indonesia hard. CILEGON, Indonesia, Feb 16- At a factory surrounded by towering steel mills on the west side of Indonesia's Java island, German engineering giant Siemens is ramping up production of steam condensers, turbines and other specialist parts to fit out power stations across the world. The plant, a small repair shop 30 years...

  • Feb 12- A printer cartridge reseller infringed the patent rights of Lexmark International Inc when it imported Lexmark's toner products back into the United States after they were first sold abroad, a U.S. appeals court ruled on Friday. Though the case was about laser printer cartridges, the decision by the U.S. Court of Appeals for the Federal Circuit in...

  • 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...

  • 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...