Japanese stocks jumped early Monday on an improved profit outlook, with another record finish for key U.S. benchmarks on Friday aiding several exporters although the yen rebounded from lows against the U.S. dollar over the weekend.
May 18, 2013 6:05 AM (REUTERS) - Sanyo Electric Co may cease to exist under a reorganisation by Panasonic Corp that includes global jobs cuts, Nikkei reported on Friday.
Google's Schmidt to meet Britain's Cameron as tax row rages LONDON (Reuters) - Google Inc's Executive Chairman Eric Schmidt is due to meet British Prime Minister David Cameron on Monday as a participant of an advisory group just days after UK lawmakers lambasted the Internet company's tax affairs. The meeting is a routine one and has been long-planned, will include other high-profile business ...
(Reuters) - Sanyo Electric Co may cease to exist under a reorganization by Panasonic Corp that includes global jobs cuts, Nikkei reported on Friday. Panasonic will cut 90 percent of Sanyo's global workforce ...
Prosecutors are probing alleged insider trading connected to a $3.8 billion takeover of a Taiwan chip design company.
Panasonic Corp. has sold some of its stocks cross-held with its 228 business partners, including Toyota Motor Corp., for about 100 billion yen to raise funds and improve its financial base, sources familiar with the matter said Thursday.
Panasonic Corp. (6752.TO) unloaded a portion of its shareholdings in such firms as Toyota Motor Corp. (7203.TO) for around Y100 billion in the year ended March 31, using the proceeds to pay down interest-bearing debt, the Nikkei reported in its Thursday morning edition.