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Electronic Equipment Instruments and Components

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  • 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...

  • *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...

  • *Nintendo has lost users to smartphone apps, console rivals. TOKYO, March 17- Japan video game maker Nintendo Co Ltd and online gaming firm DeNA are teaming up to develop smartphone games featuring the likes of Super Mario, in a bid to retain users increasingly shunning their console and browser-based games. As a result, Nintendo will acquire a 10 percent stake in...

  • NEW DELHI/ MUMBAI, March 12- Chinese smartphone maker Xiaomi Inc said on Thursday it would invest further and begin local production within 12 to 18 months in India, one of the world's fastest-growing markets and currently dominated by Samsung Electronics and local firms like Micromax. "We want to invest deeply in this market, we want to have a significant amount...

  • LONDON/ FRANKFURT, March 11- A consortium of private equity firms CVC and KKR has tabled the highest bid to take control of Philips' lighting components business, though rival Bain Capital could still make a better offer, three sources familiar with the matter said. Philips' adviser Morgan Stanley aims to enter exclusive talks with one of the two sets of bidders in...

  • SAN FRANCISCO, March 6- Microsoft Corp sued Kyocera Corp for patent infringement on Friday, alleging the Japanese company's Duraforce, Hydro and Brigadier cell phone lines violate seven Microsoft patents. Microsoft asked a Seattle federal judge to impose a U.S. sales injunction against Kyocera's infringing products, according to the lawsuit.

  • *Japan Display confirms new plant, source says for Apple. TOKYO, March 6- Loss-making Sharp Corp has asked a domestic corporate turnaround fund to invest up to $250 million in capital- aid which would come on top of plans to tap its two main lenders for a second major bailout, a source said on Friday. Weak sales of smartphone screens in China, aggravated by an unexpected...

  • SAN FRANCISCO/ NEW YORK, March 6- Avago Technologies Ltd may be one of the pacesetters among companies looking to make a purchase in the semiconductor industry after its advanced talks last month to acquire Freescale Semiconductor Ltd fell through. Demand for cheaper chips and new products to power Internet-connected gadgets is expected to drive chip...

  • TOKYO, March 6- Loss-making Sharp Corp has asked a domestic corporate turnaround fund to invest up to $250 million in capital- aid which would come on top of plans to tap its two main lenders for a second major bailout, the Nikkei business daily reported. Hit by a supply glut of smartphone screens in China and fierce competition from rival Japan Display Inc that...

  • TOKYO, March 5- Loss-making Japanese electronics firm Sharp Corp meets its main banks on Thursday in an effort to secure its second major bailout since 2012, betting they will have little choice but to pay up despite their call for more drastic overhauls. Sharp Chief Executive Kozo Takahashi will meet officials from Mizuho Bank and Bank of Tokyo-Mitsubishi...

  • SHANGHAI, March 4- U.S. companies in China have a less rosy outlook for business conditions over the next five years due to a slowing economy, an "opaque" regulatory environment and rising domestic competition, a U.S. business lobby survey showed on Wednesday. The annual report by the American Chamber of Commerce in Shanghai- the self-dubbed voice of American...

  • March 3- Apple Inc sold the most number of smartphones globally in the fourth quarter, overtaking Samsung Electronics Co Ltd for the first time since 2011, according to research firm Gartner. Apple sold 74,832 smartphones to end users worldwide, ahead of the 73,032 phones sold by Samsung, according to Gartner's report. Apple's smartphones sales jumped about 49...

  • March 3- Best Buy Co Inc, the largest U.S. consumer electronics chain, on Tuesday reported higher-than-expected quarterly earnings on a strong holiday season and said it would buy back stock for the first time since 2012.. Chief Executive Officer Hubert Joly said on a conference call that Best Buy planned this year to start a cost-cutting effort to save $400...

  • March 3- Best Buy Co Inc, the largest U.S. consumer electronics chain, reported a better-than-expected quarterly profit, helped by improved sales of higher-margin products such as large-screen TVs and mobile phones during the holiday shopping season. The company's shares rose 4.6 percent at $40.40 in premarket trading, after Best Buy said it would buy back $1...

  • BlackBerry unveils new mid-market Leap smartphone Tuesday, 3 Mar 2015 | 4:32 AM ET

    BARCELONA/ TORONTO, March 3- BlackBerry unveiled a new mid-market smartphone on Tuesday dubbed the BlackBerry Leap that is set to replace the Z3 device launched a year ago, in a move to woo buyers in certain emerging markets where BlackBerry still has a fairly large client base. The Waterloo, Ontario- based company said the phone, unveiled at the Mobile World...

  • TOKYO, March 3- Embattled Japanese electronics maker Sharp Corp is preparing to seek aid from its two main lenders, a source with direct knowledge of the matter said, in what would be its second bailout in three years despite extensive restructuring. Fierce competition from Apple Inc, Samsung Electronics Co as well as cheaper Chinese makers has hammered Japan's...

  • TOKYO, March 3- Embattled Japanese electronics maker Sharp Corp is preparing to seek aid from its two main lenders, a source with direct knowledge of the matter said, as it expects impairment losses from unprofitable businesses to mount this year. Osaka- based Sharp last month warned it would slip into its third annual net loss in four years, saying a supply glut...

  • TOKYO, March 3- Embattled Japanese electronics maker Sharp Corp is preparing to seek aid from its main lenders, a source with direct knowledge of the matter said, as it expects losses to mount this year. Osaka- based Sharp last month warned it would slip into its third annual net loss in four years, saying a supply glut squeezed sales of smartphone displays in China,...

  • Responding to a growing market in China for low-cost handsets often priced below $100, Intel announced plans for the chip, code named Sofia, in late 2013 at a meeting with investors. As well as smartphones, the Sofia chip fills a gap in Intel's lineup of chips for tablets. In a costly strategy that elevated Intel to the No 2 spot in tablet chip market share, Intel last...