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Electronic Equipment Instruments and Components

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  • MUMBAI, March 26- A group of investors led by Japanese mobile telecom firm SoftBank Corp is in talks to buy a 20 percent stake in Indian handset maker Micromax Informatics IPO-MINF.NS> for up to $1 billion, two people aware of the discussions said. The investment would value Micromax, an unlisted provider of affordable smartphones that competes with South...

  • MUMBAI, March 26- A group of investors led by Japanese mobile telecom firm SoftBank Corp is in talks to buy a 20 percent stake in Indian handset maker Micromax Informatics for up to $1 billion, two people aware of the discussions said. The investment would value Micromax, an unlisted provider of affordable smartphones that competes with South Korea's Samsung...

  • MUMBAI, March 25- India raised a record $17.6 billion from the sale of mobile phone airwaves in its latest telecom spectrum auction after 19 days of fierce bidding, the country's telecoms minister said on Wednesday. Ravi Shankar Prasad said the government received bids worth almost 1.10 trillion rupees, topping the 1.06 trillion rupees it raised in 2010. The...

  • TOKYO— Japan's future prosperity will depend on improving its lagging productivity, says a report by McKinsey Global Institute that urges companies to boost their competitiveness by better use of their workers. Japan's population of about 127 million began declining in 2011 and is rapidly aging, a trend seen in many industrialized countries.

  • *Vestel says facing surge in mobile phone imports to Turkey. GENEVA, March 23- The European Union and Taiwan have said a bid by Turkish appliance manufacturer Vestel to get Ankara to impose emergency import tariffs on mobile phones would probably be illegal if it is approved, according to documents published on Monday. Turkey notified the World Trade...

  • LOS ANGELES— When a pair of filmmakers first approached video game publisher Capcom about crafting a live-action movie based on their popular zombie series "Dead Rising," they were asked to prove themselves in a very specific way: The creators behind such video game franchises as "Street Fighter" and "Resident Evil" handed the movie producers a game controller.

  • TAIPEI/ TOKYO, March 20- Taiwan's Hon Hai Precision Industry Co is considering joining efforts to help rescue Japanese electronics maker Sharp Corp, the company said in a statement late on Friday. The world's largest contract electronics manufacturer, Hon Hai bought a 38 percent stake in a Sharp Corp TV panel plant in Sakai, Japan in 2012. It has been investing in...

  • *Chairwoman Cher Wang to double as CEO. TAIPEI, March 20- HTC Corp on Friday named Cher Wang as chief executive, giving its founder and chairwoman a bigger role in leading a potential turnaround of the Taiwanese smartphone maker. She replaces Peter Chou, who will lead product development as head of the HTC Future Development Lab, an executive role focusing on...

  • TOKYO, March 20- Taiwan's Hon Hai Precision Industry Co plans to offer financial support to Japan's struggling electronics maker Sharp Corp, the Toyo Keizai business magazine said on Friday. Sharp, which has warned of its third annual loss in four years, has been negotiating terms of a rescue plan with the Bank of Tokyo-Mitsubishi UFJ, part of Mitsubishi UFJ...

  • *Restructuring costs to total over 200 bln yen- source. TOKYO, March 19- Japan's loss-making Sharp Corp intends to cut 12 percent of its workforce in a global restructuring expected to cost more than $1.7 billion, a person familiar with the plan said on Thursday. The job cuts will total around 6,000, half of which would come in Japan through early retirement while...

  • March 18- Sharp Corp is cutting more than 10 percent of its Japanese workforce starting in April, according to a Nikkei report. The embattled electronics manufacturer will slash about 3,000 jobs through voluntary retirements and expects to book about 30 billion yen in retirement-related expenses for 2015, the business daily said. The company could also cut...

  • Thailand's outdated tech sector casts cloud over economy Wednesday, 18 Mar 2015 | 5:00 PM ET

    BANGKOK, March 19- Next month the last batch of televisions will roll off the production line at LG Electronics' plant in Thailand's Rayong province, just east of Bangkok. The move is part of a downward trend for Thailand's once-booming electronics industry, that is struggling to find a foothold in the global supply chain for modern technology like smartphones...

  • March 18- Jabil Circuit Inc, which makes phone casings for Apple Inc, forecast revenue for the current quarter above average analyst estimate, helped by strong demand for iPhones. The company also forecast third-quarter core earnings of 43- 55 cents per share on revenue of $4.35 billion- $4.55 billion. The contract electronics maker reported a net income...

  • Jabil beats Street 2Q forecasts Wednesday, 18 Mar 2015 | 4:13 PM ET

    ST PETERSBURG, Fla. _ Jabil Circuit Inc. on Wednesday reported fiscal second-quarter net income of $52 million, after reporting a loss in the same period a year earlier. Five analysts surveyed by Zacks expected $4.27 billion. Analysts surveyed by Zacks had expected revenue of $4.41 billion.

  • March 18- Jabil Circuit Inc, which makes phone casings for Apple Inc, reported a 20.5 percent rise in quarterly revenue, helped by strong iPhone sales. The contract electronics maker reported a net income attributable of $52 million, or 27 cents per share, in the second quarter ended Feb. 28, compared with a loss of $38.7 million, or 19 cents per share, a year earlier.

  • UPDATE 1-Microsoft must face Xbox 360 class action claims Wednesday, 18 Mar 2015 | 1:36 PM ET

    March 18- Microsoft Corp must face class action claims by Xbox 360 owners who say the video game console has a design defect that causes game discs to be gouged, a federal appeals court ruled on Wednesday. Microsoft has sold tens of millions of Xbox 360 consoles since their Nov. 2005 launch. Microsoft countered that class certification was improper because just...

  • March 18- A federal appeals court on Wednesday revived class-action allegations in which owners of Microsoft Corp Xbox 360 video game consoles sued the company over an alleged design defect that causes game discs to be gouged. The 9th U.S. Circuit Court of Appeals said a lower court judge misapplied the law in striking the classwide allegations, and that this...

  • Smashed your HTC One? No problem, they'll replace Wednesday, 18 Mar 2015 | 8:01 AM ET

    NEW YORK— Cracked your screen or dropped your phone in the toilet? The offer expands on HTC Corp.' s current pledge to replace cracked screens for the first six months. Despite good reviews, HTC wasn't on IDC's or Gartner's lists of top five smartphone makers in 2014..

  • *Toyota, Panasonic, Nissan offer bigger raises. TOKYO, March 18- Japanese blue-chip firms announced wage hikes on Wednesday that topped increases last year, but overall pay raises across corporate Japan are not expected to offset higher costs of living for workers or be enough to drive a sustainable economic recovery. Major exporters like Toyota Motor Corp were...

  • SL Industries posts 4Q profit Tuesday, 17 Mar 2015 | 6:03 PM ET

    MT LAUREL, N.J. _ SL Industries Inc. on Tuesday reported fourth-quarter earnings of $7.9 million. For the current quarter ending in March, SL Industries said it expects revenue in the range of $44 million to $49 million. SL Industries shares have risen 8 percent since the beginning of the year.