Calls by an American billionaire investor for a break-up of Sony could mark the start of the third leg of Abenomics: shaking up corporate Japan by removing regulations that have hurt profitability.» Read More
MILAN, Oct 1- Contacts have been made with Italian and foreign investors interested in taking a stake in tyre maker Pirelli's main shareholder, Camfin, though nothing concrete is on the table, a holding company of the Pirelli chairman said on Monday.
Many Japanese have a sense that their country has outgrown an economic template based on constructing commodity goods, but they disagree over what should replace it. The New York Times reports.
Japanese chipmaker Elpida Memory, which has filed for bankruptcy protection, will draw up a rehabilitation plan within six weeks as it works to slash debt quickly to appeal to potential turnaround sponsors, the Nikkei said on Wednesday.
Western investors in Japan's disgraced Olympus have accused its banks of trying to take control of the boardroom by stealth, amid media reports that the firm's major creditors are set to install their own appointees in the top jobs.
Japanese companies Fujitsu and Panasonic plan to enter the European smartphone market as rivals Apple and Samsung have piled on the pressure in their previously isolated home market.
Happy Friday! Take a look at some of this morning's early movers:
While, 3D TV and tablets commanded center stage at the Consumer Electronics in years past, it looks like the PC is ready to make a comeback.
Stocks closed at new highs for yet another session despite mixed economic news and a varied batch of earnings reports, putting all three major indices on track for the best April since 2009.
Stocks continued to gain before the market closed Thursday although many tech stocks slipped after mixed earnings reports and ahead of Microsoft's results, which will be released later today.
As the Tokyo Electric Power began throwing everything at the reactor problem, Japanese big cap stocks like Sony (SNE) and Panasonic (PC) have been rising (Sony is down nearly 20 percent in the past week), as have big miners like BHP Billiton (BBL) and Rio Tinto (RIO), which are up 3 or 4 percent.
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.
Stocks closed lower, although considerably off the lows of the day, as investors assessed how the massive quake in Japan was likely to affect stocks and the global economy. GE and Verizon fell, while Caterpillar rose.
Stocks pared losses in the final hour of trading Monday as investors remained shaken in the aftermath of Japan's massive earthquake and tsunami. GE and Verizon fell, while Caterpillar rose.
Stocks slumped as investors assessed how the devastating earthquake and tsunami in Japan would affect U.S. companies and the global economy. GE sank, while Pfizer gained.
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.
The 3D TV market just got a little more exciting. On Sunday, '3net' launched in 18 million homes from Discovery, Sony and Imax. And on Monday, as a Valentine’s gift to sports fans, ESPN launched on DirecTV, Comcast and Time Warner Cable. This brings the total number of 3D networks to three, including DirecTV's 'N3d' channel, launched last year in partnership with Panasonic.
After predicting in his last two keynote addresses at the Consumer Electronics Show that innovation from the consumer electronics would help the U.S. economy rebound, Gary Shapiro is standing by his message. The question is now whether there is enough innovation to jump-start things for 2011, especially after consumer confidence unexpectedly dipped in December.
News on Tuesday that the Securities and Exchange Commission is investigating Chinese reverse mergers spotlights something I’ve been saying for months if not years: Buyer beware.
Seventeen years ago, Panasonic tried to break into the video game industry, lasting only three years before it was forced out. Now it’s ready to try again.
September same store sales are in, and the vast majority have to be pleasantly surprised... How surprised? Overall, September same store sales are up 2.7 percent, versus expectations of 2.3 percent, according to RetailMetrics.