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  • *To also get 25 billion yen from turnaround fund. TOKYO, May 14- Japan's Sharp Corp said it had secured a $1.9 billion bailout, its second major bank-led rescue in three years, after falling deep into the red as its smartphone display business was battered by competition from Asian rivals. Mizuho Bank and Bank of Tokyo-Mitsubishi UFJ will inject a combined 200...

  • Sharp secures a $1.7 billion bank bailout Thursday, 14 May 2015 | 2:56 AM ET

    Japan's loss-making Sharp said it had secured a $1.7 billion bailout from banks, its second major rescue in three years.

  • TOKYO, May 14- Japan's loss-making Sharp Corp said it had secured a $1.7 billion bailout from banks, its second major rescue in three years, after its smartphone display business came under intense pricing pressure from Asian rivals. Mizuho Bank and Bank of Tokyo-Mitsubishi UFJ will inject a combined 200 billion yen in a debt-for-equity swap, Sharp said in a...

  • TOKYO, May 13- Japan's Nikkei share average was little changed on Wednesday as volatility in global bond markets capped risk appetite, while investors focuses on companies which released earnings. "The Nikkei may remain pressured by uncertainty in the global market for a while, but the downside should be limited because of hopes that the BOJ will counter the...

  • Asian stocks mostly advanced on Monday as China rolled out its third interest rate cut since November.

  • TOKYO, May 11- Japan's Sharp Corp said it may reduce its capital and issue preferred shares as part of a planned restructuring, but worries about potential dilution from the new issuance and other possible fund raising sent its shares plunging 26 percent. The prospect of dividends in the not-too-distant future is seen as key to getting its banks and other...

  • TOKYO, May 11- Japanese stocks jumped on Monday to a near two-week high in heavy trade after China cut interest rates over the weekend while Wall Street gained on strong U.S. jobs data, helping offset a plunge in shares of Sharp Corp and Toshiba Corp. The Nikkei 225 ended 1.3 percent higher to 19,620.91, the highest closing price since April 28.

  • Is it the end of the road for Sharp? Monday, 11 May 2015 | 12:17 AM ET

    Plans by electronics conglomerate Sharp to shrink its capital base will buy the company time, but its long-term survival remains in doubt.

  • TOKYO, May 11- Japan's Sharp Corp said it was considering a capital reduction and preferred share issuance, wiping nearly a third off its market value at one stage on Monday as investors reeled from the severity of its distress after years of losses. A person familiar with the matter said the electronics manufacturer is planning to slash its capital from more...

  • *Toshiba tumbles after canceling dividend, withdrawing outlook. TOKYO, May 11- Japanese stocks jumped on Monday morning after China cut interest rates over the weekend while Wall Street gained on strong U.S. jobs data, helping offset a plunge in shares of Sharp Corp and Toshiba Corp. Sharp tumbled 31 percent to 178 yen, the lowest since December 2012 after the...

  • Sharp says may cut its capital, shares dive 20% Sunday, 10 May 2015 | 10:17 PM ET
    Toshiyuki Osawa, president of Sharp Electronics, unveils the company's new televisions, including one with Corning’s Iris Glass, at the International Consumer Electronics show in Las Vegas on Jan. 5, 2015.

    Sharp said it was considering a capital reduction and preferred share issuance as part of its restructuring plan, sending stocks sliding.

  • MEMLO PARK, Calif., April 30- In the 1980 s when Sony and Toshiba were setting the agenda in the global TV and memory chip markets Japan was bristling with confidence as a hub of technological innovation. Three decades later, with Japan's electronics industry in decline, Prime Minister Shinzo Abe has come to Silicon Valley- the first sitting Japanese leader to do so-...

  • Asian stocks mostly advanced on Thursday despite data showing China's factory activity at a one-year low.

  • Sharp remains on life support Friday, 17 Apr 2015 | 3:52 AM ET

    Japanese electronics giant Sharp may be struggling, but the banks will keep the heavily indebted firm on life support, analysts say.

  • People have photos taken with a replica of the famous Wall Street bronze bull on the Bund in Shanghai.

    Asian equities traded mixed on Friday after a soft finish on Wall Street, but China's Shanghai Composite index outperformed with a new multi-year high.

  • By Taro Fuse and Ritsuko Ando. TOKYO, April 16- Japan's Sharp Corp clinched a $1.7 billion bailout deal from its banks in return for a promise to cut 5,000 jobs and split off its ailing smartphone display unit, a person familiar with the deal said on Thursday. As part of its second major bailout in three years, Sharp's lenders, Mizuho Bank and Bank of Tokyo-Mitsubishi...

  • Shanghai shares lead gains to end at fresh 7-year high Thursday, 16 Apr 2015 | 3:08 AM ET
    Chinese stock investors gather at a securities firm in Fuyang, in China's Anhui province on January 7, 2015.

    Asia's equities joined their global peers to rise on Thursday, with China's Shanghai Composite index finishing at a fresh multi-year high.

  • TOKYO, April 16- Japanese stocks edged up on Thursday, as buying in oil and mining shares reversed early losses, offsetting profit-taking in recent gainers such as food stocks, while Sharp Corp surged on restructuring hopes. Rising oil prices lifted oil and mining stocks, with Inpex Corp soaring 5.4 percent and Japan Petroleum Exploration gaining 3.8 percent.

  • TOKYO, April 16- Japan's Sharp Corp and its main banks are set to agree on Thursday to a $1.7 billion rescue and restructuring plan that will likely include a promise to split off its ailing smartphone display business, a person involved in the discussions said. As part of its second major bailout in three years, Sharp's lenders, Mizuho Bank and Bank of...

  • Japan's Sharp, banks near $1.7 billion overhaul deal Wednesday, 15 Apr 2015 | 11:18 PM ET

    Sharp and its main banks are to meet on Thursday to agree on a nearly $2 billion rescue and overhaul plan for the loss-making electronics maker.