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Stocks Rebound to Close Modestly Lower; HP Surges 17%

NTT Docomo Inc

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  • TOKYO, May 14- The Nikkei share average slipped for the first time in three days on Tuesday, moving away from 5-1/ 2 year highs as climbs in bond yields prompted profit-taking in reflationary plays such as real-estate and financial stocks.

  • *Utility shares outperform on Nomura's rating hikes. TOKYO, May 14- The Nikkei share average edged up on Tuesday as gains in utility stocks offset weakness in brokerages while trading remained choppy with investors growing more circumspect over the rapid pace of the latest rally.

  • Nomura Holdings fell 1.5 percent and Daiwa Securities dropped 1.6 percent. Struggling audio equipment maker Pioneer Corp jumped 33 percent and was the second biggest percentage gainer after saying it would form a capital alliance with NTT DoCoMo Inc and increase ties with Mitsubishi Electric Corp to improve its financial base.

  • MANILA, May 7- Philippine Long Distance Telephone Co expects its 2013 core net profit to rise 2.7 percent, a pick up from the 4.4 percent drop in 2012, as internet and broadband revenues increase. The company said net income from January to March was 9.2 billion pesos against a revised 9.96 billion pesos in the same year-ago period.

  • RESEARCH ALERT-Kofax : Panmure raises price target Wednesday, 1 May 2013 | 3:37 AM ET

    For a summary of rating actions and price target changes on European companies: Reuters Eikon users, click on RCH/ EUROPE Reuters 3000 Xtra users, double-click RCH/ EUROPE Reuters Station users, click. 1580.

  • RESEARCH ALERT-Kofax: Investec cuts to sell Wednesday, 1 May 2013 | 3:19 AM ET

    *Investec cuts to sell from hold. For a summary of rating actions and price target changes on European companies:. Reuters Station users, click. 1580.

  • No Need to Sweeten Offer for Sprint: Japan's SoftBank Tuesday, 30 Apr 2013 | 7:37 AM ET

    SoftBank said there is no need to improve its $20.1 billion bid for 70 percent of U.S. wireless carrier Sprint Nextel, which has been challenged by Dish Network.

  • *Intel CEO backed SoftBank's bid for Sprint in letter to FCC. TOKYO, April 30- SoftBank Corp said there is no need to improve its $20.1 billion bid for 70 percent of U.S. wireless carrier Sprint Nextel Corp, which has been challenged by a counter-offer from Dish Network Corp.

  • *SoftBank to hold news conference at 0800 GMT on Sprint deal. *Intel CEO backed SoftBank's bid for Sprint in letter to FCC. TOKYO, April 30- Japan's SoftBank Corp will hold a news conference on Tuesday about its deal to acquire 70 percent of U.S. wireless carrier Sprint Nextel Corp as investors seek clues on whether it might trump a counteroffer from Dish Network Corp.

  • Marubeni says to buy NEC Mobiling for $800 mln Friday, 26 Apr 2013 | 2:19 AM ET

    TOKYO, April 26- Japanese trading company Marubeni Corp said on Friday its telecom unit will buy NEC Mobiling Ltd for 80 billion yen, or 5,510 yen per share.

  • HONG KONG, March 14- China Mobile Ltd said it plans to spend 41.7 billion yuan developing 4 G technology this year, hoping to tap pent-up demand for Apple Inc smartphones as it gets an iPhone model that will finally run on its network.

  • Can China Mobile Tap Into Apple Smartphone Demand? Wednesday, 13 Mar 2013 | 8:06 PM ET

    China Mobile hopes to tap pent-up demand for Apple smartphones by rolling out new 4G technology this year and having an iPhone model that will finally run on it.

  • HONG KONG, March 14- China Mobile Ltd hopes to tap pent-up demand for Apple Inc smartphones by rolling out new 4 G technology this year and having an iPhone model that will finally run on it.

  • *Yahoo Japan jumps on share buyback, earnings and div forecast hikes. TOKYO, Jan 30- Japan's Nikkei share average rose on Wednesday, led by gains in Softbank Corp and Yahoo Japan Corp on optimistic profit expectations while earnings-related news dominated the market as investors awaited trading cues from the corporate sector.

  • *KDDI lifts full-year earnings forecast. *HSBC cuts Japan rating, BNP sees index rising to 13,000.

  • Dialing for Profits at KDDI  Sunday, 27 Jan 2013 | 7:35 PM ET

    Neale Anderson, Telecom & Media Analyst, Asia-Pacific, HSBC explains why he's optimistic on KDDI. He thinks the firm has room to grow in the corporate segment.

  • Japan's dominant mobile carrier NTT Docomo said it lost 40,800 subscribers on a net basis in November, as users switched to Softbank and KDDI to grab an Apple iPhone 5 supplied in Japan.