Wednesday's trading session saw a mixed picture in Asia, with Tokyo shares stealing the limelight to finish at a 7-year high.» Read More
The unlikely success story of Softbank Corp. President Masayoshi Son has taken another leap with his latest mega-deal, announced Monday, to take a 70 percent stake in U.S. mobile phone carrier Sprint Nextel Corp. for $20 billion.
TOKYO, Oct 12- Softbank Corp chief Masayoshi Son told reporters last week he decided to buy a smaller rival for $1.84 billion on an impulse- small change for someone who Forbes estimates lost $18 billion in the dotcom bust, but an unusual move in staid Japan.
Oct 10-=============================================================================== Summary analysis-- Sharp Corp.----------------------------------- 10- Oct-2012=============================================================================== CREDIT RATING: BB+/ Watch Neg/B Country: Japan Primary SIC: Household appliances, nec Mult. CUSIP6: 819882=============================================================================== Credit Rating History: Local currency Foreign currency 31- Aug-2012 BB+/ B BB+/ B 03- Aug-2012 BBB/A-2 BBB/A-2 03- Feb-2012 BBB+/ A-2 BBB+/ A-2 11- May-2011 A-/A-2 A-/A-2=============================================================================== Rationale.
*Softbank falls, trumped by KDDI on iPhone 5 sales. TOKYO, Oct 9- Japan's Nikkei share average fell the most in eight sessions on Tuesday on concern that companies will slash profit forecasts further following a World Bank warning that the slowdown in key trading partner China may be more protracted than thought.
TOKYO, Oct 9- The benchmark Nikkei average. Sanyo Industries Ltd shot up 14.1 percent to 146 yen, a five-month high, after the construction materials maker forecast an operating profit of 200 million yen for the six months ending Sept. 30, up from a previous forecast of an operating loss of 100 million yen, thanks to cost-cutting efforts.
TOKYO, Oct 9- The benchmark Nikkei average. Pioneer Corp dropped 5.3 percent to 161 yen, a three-year low, after the car electronics company said after Friday's close that it would likely book a net loss of 4.8 billion yen in the six months ending Sept. 30, down from a previous forecast of 1 billion yen profit, due to a fall in the value of Sharp Corp shares that it owns.
*Softbank falls, beaten by KDDI on sales of iPhone 5. TOKYO, Oct 9- Japan's Nikkei share average dropped on Tuesday morning amid growing concern that companies will slash full year forecasts when they release quarterly earnings, after the World Bank warned China's slowdown may be more protracted than thought.
TOKYO, Oct 6- Taiwan's Hon Hai Precision Industry Co is asking Sharp Corp to turn the Japanese company's small and mid-sized liquid crystal display panel business into a joint venture between the two, Yomiuri newspaper reported on Saturday.
TOKYO Oct. 1, 2012-- Standard& Poor's Ratings Services said today that the factors it will review in resolving the CreditWatch placement of the ratings on Sharp Corp. remain unchanged following the company's announcement on Sept. 28 that it has signed a JPY360 billion syndicated loan agreement with Mizuho Corporate Bank Ltd. and Bank of Tokyo-Mitsubishi UFJ Ltd..
The film, television and video game industries are all facing seismic shifts in their fields and are trying to find ways to avoid the same fate as the music industry while using very similar tactics.
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Taiwan's Hon Hai Precision Industry will buy a majority stake in a Hitachi display unit for about $1.2 billion, making it the world's top ranked maker of small and medium sized LCDs, the Nikkei newspaper said on Monday.
SunPower is falling in this rising market, and the options action shows concern for further declines by the end of next week.
The future of this renewable energy source is bright, especially since it's expected to be cost-competitive within five years. And the US is well-positioned to benefit.
The Lightning Round is extended in this CNBC.com exclusive feature.
The Nevada Environmental Commission Friday denied a request by environmental groups to delay approval of permits for three big coal-fired power plants, environmental groups and state officials said.
Here we are, on the eve of the huge Consumer Electronics Show in Las Vegas. We had pretty good anecdotal data from some of the industry's biggest names that 2006 was a strong year for the business, but now we have hard data, courtesy of the Consumer Electronics Association, the group hosting this week's event in Las Vegas. And 2007 looks even stronger!
They haven't always been known as the sexiest stocks out there but their returns lately are very alluring. The Dow Jones Utility Average is now trading around record highs--but how much juice is left? On CNBC’s “Morning Call” Liz Claman talked with Greg Gordon--a utilities analyst with Citigroup.