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Sharp Corp

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  • TOKYO, March 26- Japanese electronics supplier Panasonic Corp said it was ready to spend 1 trillion yen on acquisitions over the next four years, emboldened by a stronger profit outlook for its automotive and housing technology businesses. Chief Executive Kazuhiro Tsuga said at a briefing on Thursday that Panasonic doesn't have specific acquisition...

  • *Eisai jumps 20 pct on Barclays' rating hike citing Alzheimer's drug hope. TOKYO, March 23- Japan's Nikkei share average rose to a fresh 15- year high on Monday, tracking gains in U.S. shares, while Eisai Co jumped over 20 percent after a brokerage upgraded the stock, citing the effectiveness of its drug to treat Alzheimer's disease. Eisai soared to a record high of...

  • TAIPEI/ TOKYO, March 20- Taiwan's Hon Hai Precision Industry Co is considering joining efforts to help rescue Japanese electronics maker Sharp Corp, the company said in a statement late on Friday. The world's largest contract electronics manufacturer, Hon Hai bought a 38 percent stake in a Sharp Corp TV panel plant in Sakai, Japan in 2012. It has been investing in...

  • TOKYO, March 20- Taiwan's Hon Hai Precision Industry Co plans to offer financial support to Japan's struggling electronics maker Sharp Corp, the Toyo Keizai business magazine said on Friday. Sharp, which has warned of its third annual loss in four years, has been negotiating terms of a rescue plan with the Bank of Tokyo-Mitsubishi UFJ, part of Mitsubishi UFJ...

  • *Restructuring costs to total over 200 bln yen- source. TOKYO, March 19- Japan's loss-making Sharp Corp intends to cut 12 percent of its workforce in a global restructuring expected to cost more than $1.7 billion, a person familiar with the plan said on Thursday. The job cuts will total around 6,000, half of which would come in Japan through early retirement while...

  • March 18- Sharp Corp is cutting more than 10 percent of its Japanese workforce starting in April, according to a Nikkei report. The embattled electronics manufacturer will slash about 3,000 jobs through voluntary retirements and expects to book about 30 billion yen in retirement-related expenses for 2015, the business daily said. The company could also cut...

  • TOKYO, March 10- Sharp Corp is not considering merging its troubled display business with rival Japan Display Inc, an executive said on Tuesday, adding that the unit was had a technological advantage over its competitors. He was responding to speculation that loss-making Sharp could merge its display business with Japan Display. Sharp is compiling a new...

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

  • *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 6- Sharp Corp has asked a corporate turnaround fund, Japan Industrial Solutions, to take stake of up to around 30 billion yen to help with the loss-making electronics maker's restructuring, the Nikkei business daily reported. The request for aid would come in addition to tapping its its main banks Mizuho Bank and Bank of Tokyo-Mitsubishi UFJ for a...

  • TOKYO, March 6- Sharp Corp has asked a corporate turnaround fund, Japan Industrial Solutions, to take stake of up to around 30 billion yen to help with the embattled electronics maker's restructuring, the Nikkei business daily reported.

  • 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...

  • Indian shares led gains in Asia Wednesday after a surprise rate cut by the Reserve Bank of India, while the rest of the region traded mixed.

  • TOKYO, March 4- Japan's Nikkei share average dropped to a one-week low on Wednesday as an overnight fall in U.S. shares triggered profit-taking after the index scaled a 15- year peak earlier in the week. The Nikkei ended 0.6 percent lower at 18,703.60 points. Noticeable decliners included Sharp Corp, which dropped 5.3 percent after a cut to its credit rating by...

  • *Sumco dives on fund-raising announcement. TOKYO, March 4- Japan's Nikkei share average dropped to a one-week low on Wednesday morning after weak performances in U.S. shares triggered profit-taking, while Sharp Corp dived after Standard& Poor's cut its credit rating. The dollar backed off from Tuesday's high of 120.27 yen, falling 0.1 percent to 119.62 yen.

  • 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...

  • Sharp shares tank 9% on news it will seek aid Monday, 2 Mar 2015 | 10:22 PM ET

    Sharp is preparing to seek aid from its two main lenders, as it expects impairment losses from unprofitable businesses to mount this year.