Panasonic confirmed that it would invest an unspecified amount in Tesla's upcoming lithium-ion car battery factory.» Read More
TOKYO, July 31- Panasonic Corp confirmed on Thursday it would invest in U.S. electric carmaker Tesla Motors Inc's planned $5 billion lithium-ion battery plant in the United States, but said it had yet to decide on the size and timing of its investment.
*Sony warns will just break even on smartphones this FY. TOKYO, July 31- Japan's Sony Corp warned it doesn't now expect to make money on smartphones this year, citing weak demand, but said restructuring will help it turn a profit in its loss-making consumer electronics division for the first time in four years.
TOKYO— Sony Corp. reported a surprise eightfold jump in quarterly profit Thursday as sales got a perk from a cheap yen and its bottom line was helped by gains from selling buildings and its stake in a video-game maker. Sony's April-June profit soared to 26.8 billion yen from 3.1 billion yen a year earlier.
TOKYO, July 30- Japan's Sony Corp said operating profit doubled in the April-June quarter, helped by a strong performance in its games and networks division, even as the firm cut smartphone and TV sales forecasts that analysts had said were too ambitious.
SHANGHAI, July 30- Microsoft Corp will launch its Xbox One gaming console in China on September 23, making it the first foreign company to start selling consoles in the world's third biggest gaming market after a ban on the devices was lifted this year.
Japanese video game maker Nintendo posted a worse-than-expected operating loss in the second quarter as it struggles with shrinking sales.
TOKYO— Nintendo Co. sank to a worse-than-expected loss for the fiscal first quarter on lagging Wii U and 3 DS video-game machine sales. Kyoto- based Nintendo reported a 9.92 billion yen April-June loss compared with an 8.62 billion yen profit a year earlier.
July 29- Corning Inc reported second-quarter core earnings below analysts' average estimate, hurt by lower demand for its Gorilla Glass, which is used in smartphones made by Apple Inc and Samsung Electronics Co Ltd.. Apple is also reportedly planning to switch from using Gorilla glass to GT Advanced Technologies' Sapphire glass for its next iPhone.
Major indexes in Europe and Asia closed with slight gains. On Friday, the Labor Department releases its monthly look at the job market. FROZEN: "The market today looks a little frozen, because it's going to face some really revealing stuff in the next 72 hours," said Jim Paulsen, chief investment strategist at Wells Capital Management.
Hong Kong's Hang Seng inched up 0.2 percent to 24,483.85 while China's benchmark Shanghai Composite gained 0.1 percent to 2,180.52. Markets in India, Indonesia and Malaysia were closed for holidays. Asian tech heavyweights Samsung Electronics Co. and Sony Corp. will release their quarterly financial results on Thursday.
With PlayStation network, Sony goes back to the future in search of revival. TOKYO- Japan's Sony Corp is hammering out plans to rise from the ashes of nearly $10 billion lost in six years by building a future around its last consumer electronics blockbuster- the PlayStation.
2. "Hercules," MGM/ Paramount, $29,800,263, 3,595 locations, $8,289 average, $29,800,263, 1 week. 6. "Sex Tape," Sony, $6,052,050, 3,062 locations, $1,977 average, $26,953,582, 2 weeks. 7. "Transformers: Age of Extinction," Paramount, $4,702,553, 2,476 locations, $1,899 average, $236,455,028, 5 weeks.
TOKYO, July 29- Japan's Sony Corp is hammering out plans to rise from the ashes of nearly $10 billion lost in six years by building a future around its last consumer electronics blockbuster- the PlayStation.
Investors are paying close attention to this reporting season which will give insights into how profitability is holding up following the tax hike.
Japan will be the market to watch this week on the back of key data and as earnings season in the world's third-largest economy kicks into full gear.
LOS ANGELES— Luc Besson's "Lucy" proved mind can overpower muscle, topping a remake of "Hercules" by director Brett Ratner at the box office on the weekend. The Universal Pictures- released movie starring Scarlett Johansson as an accidental psychokinetic took in $44 million in North American movie theaters over the weekend, according to studio estimates Sunday.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
BEIJING, July 25- China Telecom Corp Ltd will sell Microsoft Corp's Xbox One gaming console in China from September through an exclusive contract, the country's third-largest telecommunications company said on Friday. Joanna Li, Microsoft's China spokeswoman, said the console would be offered exclusively to China Telecom's 30 million broadband customers.
BEIJING, July 25- China Telecom Corp Ltd will start selling Microsoft Corp's Xbox One gaming console in China from September through an exclusive contract, the country's third-largest telecommunications company said in a statement on Friday.
*Index heavy Fanuc contributes 27 points, or more than a quarter of Nikkei gains. TOKYO, July 25- Japan's Nikkei share average rose on Friday after the S&P 500 set another record closing high and as index heavyweight Fanuc Corp jumped after reporting strong profits.