TOKYO, Oct 2- Japan's Nikkei share average inched up on Tuesday morning, buoyed by a surprisingly strong pick-up in U.S. manufacturing as well as gains for Softbank Corp after its purchase of a rival to boost its network capacity. The Nikkei inched up 21.8 points, or 0.3 percent to 8,818.38 by the midday break, with a softer yen helping exporters such as Canon Inc.
Softbank Corp rose 4.4 percent after the mobile operator said it would acquire smaller rival eAccess Ltd. in a $1.84 billion deal, stepping up a fight for market share with competitor KDDI Corp. eAccess was untraded with a glut of buy orders by mid-morning, while KDDI lost 2.5 percent.
S&P Capital IQ equity analyst Scott Kessler screened his firm’s stock data base for companies with “consumer-facing” technologies that are likely to play roles in the growth of online retailing and that S&P analysts are “bullish on.” TheStreet.com reports.
The number of wildcat strikes in Vietnam doubled last year as workers suffering from Asia’s highest inflation rate struggled to obtain better wages. The Financial Times reports.
Eastman Kodak's shares continued to trade with heavy volatility as the imaging company explores ways to shore up its financials. Its stock has swung wildly after Kodak hired Jones Day for restructuring advice.
Stocks sold off heavily at the open but quickly stabilized and are now well off their lows. Despite uncertainty about exactly what is happening at the nuclear reactors, Nikkei futures which trade at the CME have been rising for a good part of the morning and that undoubtedly helped.
The Nikkei was down 10.5 percent again last night and is now down almost 19 percent in the past 4 trading sessions. While some have been calling the markets decline "irrational" (the Nikkei has moved almost one annual standard deviation in three days, FTalphaville has noted), the unstable situation at the nuclear plants is a real X-factor that justify caution.
Japan's earthquake couldn’t have come at a worse time for US investors, who poured over $1 billion into Japanese exchange-traded funds last month, second only to US energy funds.
Various companies in the food chains of autos and semiconductors are also down. Polypore International, for example, which makes membranes for lead-acid and lithium batteries, is down 5 percent. As there were damage to many plants, a few semiconductor names outside Japan are trading up.
S&P downgraded Japan on Thursday, so is there a buying opportunity here? Jina Ventures' Ron Shah thinks there is in these three names.
What follows is a roundup of corporate earnings reports for Thursday, Jan. 27.
Taiwan's Hon Hai Precision Industry will buy a majority stake in a Hitachi display unit for about $1.2 billion, making it the world's top ranked maker of small and medium sized LCDs, the Nikkei newspaper said on Monday.
Whoever said technology was dehumanizing was wrong. On screens everywhere — cellphones, e-readers, A.T.M.’s — as Diana Ross sang, we just want to reach out and touch.
Xerox posted higher-than-expected first-quarter operating profit, based on increasing orders for its document management and printing services from small businesses and emerging markets. Ben Reitzes, IT hardware analyst at Barclays Capital, offered CNBC his take on the stock.
Remember what happened to PDAs? Then you know what’s most likely in store for this company.
Eastman Kodak’s shares hit a 52-week high on Wednesday. Will the old film company’s stock continue to rise and is it time for investors to dive in? Erik Kolb, Standard & Poor’s shared his analysis on the firm.
Eastman Kodak is down 60 percent in the last month, and the options are looking for further declines.
Microsoft, in its latest attempt at a campy viral marketing campaign, is trying to get everyday users to throw a "House Party" (think Tupperware party) to spread the word to their friends about the upcoming Windows 7. Yeah, never put the geeks in charge of the party.
Eastman Kodak fell 11 percent yesterday on a plan to dilute its shares, but options action took a bullish turn for the second time this week.
Global stocks were down Tuesday on heightened fears over the stability of the financial industry. Wall Street sank to an 11-year low overnight on reports the government may take a 40 percent stake in Citigroup.