Electronics Sector
ST-Ericsson to cut 1,600 jobs in company split
Mar 18, 2013 06:25 EDT
The unprofitable mobile technology venture between Ericsson and STMicroelectronics, ST-Ericsson, said Monday it would axe 1,600 jobs after splitting the operation.
Panasonic to shrink TV business, exit plasma: report
Mar 17, 2013 23:49 EDT
Embattled Japanese electronics giant Panasonic plans to scale down its television business and withdraw from manufacturing plasma displays, a report said.
Sharp says Qualcomm investment delayed
Mar 17, 2013 23:13 EDT
Cash-strapped Japanese electronics giant Sharp said that a badly needed capital injection from US chipmaker Qualcomm had been delayed as the two sides hammer out details of the pact.
SAC hedge funds fined $614 mn for insider trades
Mar 15, 2013 19:17 EDT
The SEC announced insider trading fines of more than $614 million Friday for affiliates of billionaire Steven A. Cohen's SAC Capital Advisers, dealing another blow to the embattled hedge fund titan.
SEC fines SAC unit $600 mn over insider trades
Mar 15, 2013 14:53 EDT
The SEC announced Friday it was fining a unit of the hedge fund SAC Capital Advisors more than $600 million over insider trades that netted hundreds of millions of dollars in illicit profits.
Former Sony CEO Stringer to retire
Mar 11, 2013 04:00 EDT
Howard Stringer, the first foreigner to lead Japanese electronics giant Sony during some of its most challenging times, has announced he will retire from the struggling firm.
Sharp announces $111 mn tie-up with Samsung
Mar 06, 2013 06:35 EST
Sharp on Wednesday announced a $111 million capital tie-up deal with South Korean rival Samsung, in a rare move for a Japanese firm that underscores the fading fortunes of its electronics giants.
Sharp announces $111 mln tie-up with Samsung
Mar 06, 2013 02:53 EST
Sharp on Wednesday announced a $111 million capital injection deal with South Korean rival Samsung, in a rare move for a Japanese firm that underscores the fading fortunes of its electronics giants.
Sharp shares soar on Samsung tie-up reports
Mar 06, 2013 00:45 EST
Shares in Sharp soared Wednesday as its board reportedly approved a deal making South Korean rival Samsung its biggest foreign shareholder, indicating the fading fortunes of Japan's electronics giants.
Sharp shares soar on Samsung tie-up reports
Mar 05, 2013 22:43 EST
Shares in embattled Sharp soared on Wednesday after reports that South Korean rival Samsung would become its biggest foreign shareholder, highlighting the fading fortunes of Japan's electronics giants.
3D printer wows world's top high-tech fair
Mar 05, 2013 15:26 EST
Of all the futuristic gadgets on show at CeBIT, the world's top high-tech fair, few drew bigger crowds Tuesday than a 3D printer creating solid objects in plastic from a computer display.
Samsung set to buy 3% stake in Sharp: report
Mar 05, 2013 13:07 EST
South Korean electronics giant Samsung is set to buy a three-percent stake in struggling Japanese rival Sharp via a capital increase, a press report said Tuesday, a deal that would give Samsung greater access to smartphone and tablet computer screens.
Sony sells Tokyo office building for $1.2 bn
Feb 28, 2013 03:49 EST
Sony said Thursday it has sold one of its main buildings in Tokyo for $1.2 billion as the embattled Japanese electronics giant offloads assets to help repair its tattered balance sheet.
US stocks rise on upbeat German data, HP earnings
Feb 22, 2013 10:35 EST
US stocks moved higher Friday following a bullish report on German business sentiment and solid earnings results from computer company Hewlett-Packard.
Sony shares slide after PlayStation 4 announcement
Feb 21, 2013 05:23 EST
Sony shares fell on Thursday after the Japanese electronics giant announced its next-generation PlayStation 4 in New York, but without unveiling the console or saying how much it would cost.
Embattled Sony announces another asset sale
Feb 20, 2013 05:43 EST
Sony said Wednesday it would book a $1.2 billion gain from selling part of an online medical services unit, the Japanese electronics giant's latest asset sale as it eyes a full-year profit.
Sony slashes price on PlayStation Vita in Japan
Feb 18, 2013 05:26 EST
Sony said Monday it was slashing the price on its hand-held PlayStation Vita console in Japan by as much as one-third as the electronics giant and its rivals face stiff competition from online games.
Intel taking on cable TV with set-top box
Feb 12, 2013 15:57 EST
Computer chip giant Intel said Tuesday it is making a set-top box for delivering movies and more to televisions in an Internet-based challenge to traditional cable services.
Japan's Renesas logs $1.73 bn loss, cuts forecast
Feb 08, 2013 13:59 EST
Struggling Japanese chipmaker Renesas Electronics on Friday posted a $1.73 billion net loss in the nine months to December, and chopped its annual earnings forecast by 17 percent.
Sony nine-months loss shrinks 75%
Feb 07, 2013 05:22 EST
Japanese electronics giant Sony said Thursday that its net loss from April to December shrank 75 percent on-year and added that it remains on track to achieve its forecast of a full-year profit.
