Equity markets in Tokyo and Shanghai outperformed the region to scale fresh multi-year highs on Monday, drawing strength from a strong finish on Wall Street last week.» Read More
Sharp, Japan's leading maker of liquid crystal displays posted a worse than forecast 500 billion yen ($5.1 billion) net loss as panel plants asset write offs crimped its bottom line.
Samsung, with a $110 million investment in cash-strapped Sharp, will broaden its supplier base and get a foot in the door at one of Apple key Asian display suppliers.
Samsung Electronics is set to invest about $110 million in struggling Sharp, a deal that will ensure it a smooth supply of large-sized TV panels and help bolster the Japanese company's chances of survival.
Japanese blue-chip firms, from electronics giants to brewers, are selling prime real estate to shore up battered balance sheets, stoking a resurgent property market.
Asian stocks closed mixed on Monday after Wall Street hit a five-year high in the previous session as strong economic data buoyed sentiment.
Sharp rebounded to a third-quarter operating profit on Friday, improving the bailed-out consumer electroncs maker's chances of convincing lenders and shareholders that it is a viable company.
LG Electronics fell short of consensus forecasts in quarterly earnings on Wednesday, with profits in its TV division tumbling to around one tenth of year-earlier levels as the world's No.2 TV maker bumped up promotional spending in the year-end holiday season.
Some of the names on the move ahead of the open.
Apple has cut orders for LCD screens and other parts for the iPhone 5 this quarter due to weak demand, the Nikkei reported.
Two thirds of the 420,000 patrol cars in the United States are equipped with Panasonic's rugged Toughbook computers, and chief Kazuhiro Tsuga sees the niche product as a model for how the sprawling conglomerate can make money beyond a gadget mass market increasingly dominated by Samsung Electronics and Apple.
Japan's Nikkei share average climbed to a 22-month high on its first trading day of 2013, as a deal in Washington to avert the "fiscal cliff" buoyed investor risk appetite and the weaker yen lifted exporters such as Toyota Motor Corp.
The Japanese government plans to spend up to 1 trillion yen ($11.6 billion) to buy machinery and factories from domestic manufacturers in a bid to strengthen Japan industrial competitiveness by providing funds for new corporate investments, the Nikkei business daily said on Monday.
Apple's TV innovation will be in software, not hardware, said Porter Bibb of Media Tech Capital Partners.
Japan's TV makers are selling buildings and businesses in a giant "garage sale" that could raise a combined $3 billion.
Qualcomm will invest as much as $120 million in Sharp, a cash injection likely to make it the struggling Japanese TV maker's biggest shareholder.
*Toyota lifts mood in automakers. But Toyota Motor Corp rose 2.2 percent to a one-month high at 3,210 yen after public broadcaster NHK said it was set to slightly raise its operating profit forecast.
*Fitch joins Moody's, S&P in cutting Sharp rating to junk. TOKYO/ HONG KONG, Nov 2- Shares of Japan's Sharp Corp fell and Fitch Ratings downgraded its debt to junk status on Friday, a day after it warned of a $5.6 billion net loss for the year and said it might not be able to survive on its own.
*Weak yen boosts exporters, with Honda up 3.3 pct. TOKYO, Nov 2- Japan's Nikkei share average climbed to a one-week high Friday as global cyclical shares such as carmakers rose on improved U.S. economic data. Honda Motor Co climbed 3.3 percent to 2,467 yen and Nissan Motor Co gained 2.1 percent.
*Sony shares gain 3 pct after rise in quarterly profit. TOKYO/ HONG KONG, Nov 2- Shares of Japan's Sharp Corp fell on Friday as worries about the TV and display maker's future deepened a day after it warned of a $5.6 billion net loss for this year and said it might not be able to survive on its own.
Exxon Mobil, the world's largest publicly traded oil company, reports a lower profit that topped expectations, as higher results from its refining arm counters a 7.5 decline in oil and gas output. (EXXON-EARNINGS/ moved, by Anna Driver, 320 words).