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Panasonic Corp

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  • Japan wage hikes: Are they enough? Wednesday, 18 Mar 2015 | 7:35 PM ET

    Japanese firms announced bigger wage hikes this year, but experts are questioning if it will be sufficient to help end the country's economic mire.

  • *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...

  • LOS ANGELES, March 13- Chinese automaker BYD Co Ltd, backed by Warren Buffett's Berkshire Hathaway Inc, aims to triple its production of batteries as it takes on Tesla Motors in the race to supply electric vehicles and boost energy storage. That means BYD could ramp up from 10 GWh capacity at the end of this year to about 34 GWh of batteries by the beginning of 2020....

  • Asian shares up on BOK rate cut; Nikkei at 15-year high Thursday, 12 Mar 2015 | 8:32 AM ET

    Asian shares rose on Thursday, boosted by better-than-expected Australian jobs data from Australia and a surprise rate cut in South Korea.

  • Fears that an interest rate hike in the United States is imminent drove Asian stock markets outside Shanghai lower on Monday.

  • Watch out! 7 Household items that may spy on you Friday, 6 Mar 2015 | 10:52 AM ET
    Hello Barbie

    Privacy experts warn that with so many microphones and cameras in homes, outsiders could have more insight into your life than you know.

  • *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...

  • A foreign currency dealer stands in front of monitors at the Korea Exchange Bank headquarters in Seoul, South Korea.

    Asian shares largely rose on Friday, supported by a stronger close on Wall Street overnight, with Japanese and South Korean markets scaling fresh highs.

  • 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...

  • Reserve Bank of Australia (RBA) headquarters in Sydney, Australia.

    Australian shares fell below the flatline on Tuesday after the Reserve Bank of Australia (RBA) surprised most market watchers by holding back on further easing.

  • 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...

  • Nikkei ends week with new 15-year high Friday, 27 Feb 2015 | 3:33 AM ET
    Pedestrians stand in front of stock market boards along the pavement in Tokyo, Japan.

    Asian equitiess were mixed on Friday, following an uninspiring lead from Wall Street, but Japanese stocks managed to overlook a mixed bag of economic data to settle at a new 15-year high.

  • Asian equities hit new highs ahead of Yellen's speech Tuesday, 24 Feb 2015 | 2:06 AM ET

    Asian indices mostly advanced on Tuesday to hit new highs, but trading remained cautious ahead of Federal Reserve Chair Janet Yellen's testimony.

  • The U.S. private equity firm owns 80 percent of Panasonic Healthcare and Panasonic Corp owns 20 percent. Panasonic Healthcare, KKR and Bayer all declined to comment. Bloomberg reported on Thursday that a sale to Panasonic Healthcare, which could be valued at between 1 billion and 2 billion euros, could be announced as soon as Friday.

  • TOKYO, Feb 20- German drugmaker Bayer AG is close to selling its diabetes devices business to KKR-backed Panasonic Healthcare Holdings Co Ltd and the unit could be valued at up to $2.3 billion, Bloomberg news reported. The announcement of the buyout may come as early as Friday, although the talks are ongoing and an agreement may be delayed or fall apart, Bloomberg...

  • Sony eyes 25X profit jump by 2018 Wednesday, 18 Feb 2015 | 3:22 AM ET

    Sony aims to boost its operating profit 25-fold within three years by focusing on its more profitable businesses.

  • TOKYO, Feb 18- Sony Corp aims to boost its operating profit 25- fold within three years by focusing on its more profitable image sensors, videogame and entertainment businesses, its chief executive said on Wednesday. Outlining his strategy for the loss-making Japanese consumer electronics icon to 2018, CEO Kazuo Hirai said Sony wanted to give its...

  • Traders work on the trading floor of the Hong Kong Stock Exchange, which is seen with Chinese New Year decorations.

    Asian markets enjoyed a higher open on Wednesday, with Tokyo shares at a fresh 8-year high, following a positive lead from Wall Street overnight.

  • TOKYO, Feb 18- Bolstered by investors' faith in its restructuring, Sony Corp is set to announce a new strategy highlighting the potential of its image sensors, PlayStation and entertainment businesses to help it return to growth after years of losses. Chief Executive Kazuo Hirai is due to detail his multi-year plan for Sony from around 0600 GMT on Wednesday.