Japan stocks fall on yen, pre-election caution Aug 25, 2009
1 percent to 3,680 yen, and Hitachi Ltd. declined 0. 6 percent to 330 yen. (OregonLive, OR -- Business)
Japan to Help Finance American `Smart Grid' Power Network, Nikkei Reports Jul 31, 2009
Hitachi Ltd., Toshiba Corp. and the Nippon Telegraph and Telephone Corp. may receive funds under the plan, the report said. To contact the reporter on this story: in Tokyo at. (Bloomberg -- Japan)
Honda makes money, others hope for better times Jul 30, 2009
Hitachi Ltd. posted Tuesday a group net loss of 82. 67 billion yen ($868 million) for the April-June quarter, dragged deep into the red by persistent weak demand for its electronics products. (Fresno Bee -- Business)
* Hitachi books US$868 million in net losses for Q2 Jul 29, 2009
Taipei Times - archives. Enter your search terms. (Taipei Times, Taiwan -- World Business)
NEC Electronics, Renesas merger agreement delayed Jul 29, 2009
(07/27/2009 9:55 PM EDT). TOKYO, July 28 -- Japanese chipmakers NEC Electronics Corp. and Renesas Technology Corp. said on Tuesday they will delay the signing of a merger agreement by a month until the end of August as due diligence was taking longer than expected. (EETimes)
Hitachi plans consolidation exercise Jul 28, 2009
Web search enhanced by. Tuesday July 28, 2009. (The Star Online, Malaysia -- Business)
Hitachi launches $2.9 bn bid for units Jul 28, 2009
9 bn bid for units, falls to loss- International Business-News-The Economic Times. International Business. (India Times)
Asian stocks extend rally Jul 27, 2009
Hitachi Ltd. soared 5. 4 percent to 310 yen. (The Star Online, Malaysia -- Business)
Hitachi to Spend $3.2 Billion to Buy Out Maxell, 4 Others, Nikkei Reports Jul 27, 2009
July 27 (Bloomberg) -- Hitachi Ltd. plans to make five listed group firms, including Hitachi Maxell Ltd., wholly owned by spending up to 300 billion yen ($3. 2 billion) on tender offers set to begin in late August, the Nikkei newspaper said. (Bloomberg -- Japan)
Fujitsu Sets $1.4 Billion Net Income Target for Year Ending March 2012 Jul 23, 2009
Fujitsu, which sold its liquid-crystal display unit to Sharp Corp. in 2005 and its plasma-screen business to Hitachi Ltd., in February said it reached a final agreement to sell its hard-disk drive business to Toshiba for about 30 billion yen. The sale of the business, which lost 20 billion yen last fiscal year, will be completed by August 1, Fujitsu said last month. (Bloomberg -- Japan)
Fujitsu's nextgen supercomputer Jul 20, 2009
RIKEN decided to employ Fujitsu's scalar processing architecture for the supercomputer as other two Japanese firms, NEC Corp. and Hitachi Ltd. have withdrawn from an earlier attempt to combine their vector architecture with the Fujitsu system. As originally planned, Fujitsu and RIKEN said they will complete the supercomputer at a facility in Kobe, Hyogo Prefecture, by fiscal 2012 ending in March 2013 under the USD 1. (India Times)
Areva's Nuclear Wins in Europe Boost Chances in $1 Trillion Global Tussle Jul 9, 2009
Areva and Westinghouse face rivals such as s venture with Hitachi Ltd., Russias ZAO Atomstroyexport and. in bidding for contracts. (Bloomberg -- Germany)
Nikkei flat ahead of US jobs data Jul 2, 2009
TOKYO: Japan's Nikkei average was flat on on Thursday as caution set in ahead of US jobs data, but Hitachi Ltd jumped on a report that it will boost production of lithium ion batteries for hybrid cars. The benchmark Nikkei was unchanged at 9,940. (India Times)
WD Completes Sale of Malaysia Substrate Manufacturing Facility Jul 2, 2009
Western Digital Corp. logo. (PRNewsFoto) LAKE FOREST, CA USA. (PR Newswire)
Japan's chip maker gets emergency Govt help Jun 30, 2009
Tokyo-based Elpida, a joint venture between Japanese electronics companies NEC Corp. and Hitachi Ltd., has been struggling to close the gap with rival Samsung Electronics Co. of South Korea. The emergency program is part of Japanese Prime Minister Taro Aso's new economic stimulus package for helping troubled companies seen as strategically important for Japan. (The Star Online, Malaysia -- Business)
Asian employment at risk Jun 29, 2009
MUMBAI/TOKYO: Asian unemployment is running at lower levels than in major economies for now, but a reliance on exports and rising commodity prices mean an aversion to large layoffs may soon be put to the test. Many Asian economies rely on exports to the United States and Europe to drive growth. (India Times)
NEC Electronics, Renesas Aim for 5% Operating Profit Margin After Merger Jun 25, 2009
Hitachi Ltd. and Mitsubishi Electric Corp., which established Renesas in 2003, own 55 percent and 45 percent of the chipmaker respectively. To contact the reporter on this story: in Tokyo at. (Bloomberg -- Japan)
Japan May Offer Loans to Fund Clean-Coal Power Plants in Australia, U.S. Jun 17, 2009
and Hitachi Ltd. compete with General Electric Co. and Germanys Siemens AG to supply plants that convert coal into gas before generating power, making it easier to trap carbon-dioxide emissions. Japan wants to benefit from new demand for clean energy after world leaders including U.S. President pledged to back technologies that reduce gases blamed for global warming. (Bloomberg -- Japan)
Renesas Back in the Black in FY2010 Jun 16, 2009
Renesas, owned 55 percent by Hitachi Ltd. and 45 percent by Mitsubishi Electric Corp., is in talks with NEC Electronics Corp., a chip unit of NEC Corp., to integrate their operations by next spring. The company will complete its restructuring measures regardless of whether the deal goes through. (JCN Network, Japan)
Smart Grids Should Get A Spark From Federal Stimulus Package Jun 6, 2009
eIBD Investor's Business Daily Digital Edition. Access recent eIBD issues easily. (Investors Business Daily)
Dow Jones Indexes Announces Component Changes in Global, Regional and Country Titans Blue-Chip Indexes Jun 5, 2009
TO), Hitachi Ltd. (Japan, Industrials, 6501. TO) and Cathay Financial Holding Co. Ltd. (Taiwan Financials, 2882. (Primezone Releases)
Component Changes Made to Dow Jones Sector Titans Indexes Jun 5, 2009
Dow Jones Industrial Goods and Services Titans 30 Index Country Company / Symbol(s) Add/Delete Japan Hitachi Ltd. (6501. TO) Delete United States Accenture Ltd. Cl A (ACN) Add The free-float market capitalization of the reconstituted Dow Jones Industrial Goods and Services Titans 30 Index increased to US$864 billion from US$856 billion. (Primezone Releases)
20 manufacturers cut 87,000 jobs Jun 3, 2009
20 leading manufacturers cut 87,000 jobs in 6 months- International Business-News-The Economic Times. International Business. (India Times)
Japan stocks mixed amid North Korea tensions May 26, 2009
2 percent at 352 yen and Hitachi Ltd. falling 1. 6 percent to 309 yen. (OregonLive, OR -- Business)
Bank of Japan Raises Assessment of Economy for First Time Since July 2006 May 23, 2009
The recession, while moderating, is spreading to households as companies including Toyota Motor Corp. and Hitachi Ltd. and to minimize losses. Mid-year bonuses will plunge a record 19. (Bloomberg -- Japan)
Western Digital to sell assets to Hitachi unit May 21, 2009
PETALING JAYA: Western Digital Corp has agreed to sell the assets of its media substrate manufacturing facility in Sarawak to a subsidiary of Hitachi Global Storage Technologies, the hard drive manufacturing unit of Hitachi Ltd.. The employees of the facility would become employees of the purchaser, it said in a statement yesterday. (The Star Online, Malaysia -- Business)
Sony reports $1 billion annual loss May 21, 2009
It joins a string of other big Japanese corporations, including Toyota Motor Corp. and Hitachi Ltd., that have announced huge losses and bleak outlooks. Also Thursday, Sanyo Electric Co. said it booked a net loss of 93. (MSNBC -- Business)
'TransferJet Consortium' Offers New 'Adopter' Membership May 19, 2009
Tokyo, May 19, 2009 - (JCN Newswire) - "TransferJet Consortium", consisting of nineteen companies -- Sony Corporation, Canon Inc., CASIO COMPUTER CO.,LTD., Eastman Kodak Company, Hitachi Ltd., JVC KENWOOD Holdings, Inc., KDDI Corporation, NEC Corporation, NIKON CORPORATION, NTT DOCOMO, INC., Olympus Imaging Corporation, Panasonic Corporation, Pioneer Corporation, SAMSUNG ELECTRONICS CO., LTD., Seiko Epson Corporation, SHARP CORPORATION, SOFTBANK MOBILE Corp., Sony Ericsson Mobile Communications,... (JCN Network, Japan)
SONY SEES FIRST LOSS SINCE '95 May 15, 2009
It joins a string of other big Japanese corporations, including Toyota Motor Corp. and Hitachi Ltd., that have announced huge losses and bleak outlooks. lect. (New York Post -- Business)
New-housing price index out, Monday May 9, 2009
Hitachi Ltd. reports. A loss of 102 ($1. (Globe and Mail -- Business)
Hitachi sees bigger loss on tax costs May 8, 2009
Web search enhanced by. TOKYO: Japans Hitachi Ltd said it will report a bigger-than-expected net loss for the last financial year on tax costs, but it more than tripled its operating profit estimate on solid sales of power and industrial systems. (The Star Online, Malaysia -- Business)
Nintendo defies recession with record profits May 8, 2009
High-tech giant Hitachi Ltd. said it expects a record net loss of Y788 billion ($A10. 7 billion) for the year to March, more than previously thought. (Sydney Morning Herald -- Technology)
NEC Electronics, Renesas target next April for merger Apr 28, 2009
(04/27/2009 3:54 AM EDT). Aim to merge to create world's No. 3 chipmaker. (EETimes)
NEC, Renesas to merge chip businesses Apr 28, 2009
2 per cent. Renesas is jointly owned by Hitachi Ltd. and Mitsubishi Electric. Recommend this article. (Globe and Mail -- Business)
NEC Electronics, Renesas in talks to merge Apr 16, 2009
(04/15/2009 6:32 PM EDT). TOKYO, April 16 - Japanese chipmakers NEC Electronics Corp and Renesas Technology Corp are in the final stage of talks on merging their operations, sources said on Thursday, in a bid to pool resources and survive as sales slump amid the global economic turmoil. (EETimes)
Tested to the limit Apr 14, 2009
Mr. Piron's technology would have to be compatible with existing MRI equipment, most of which is produced by five big players General Electric, Toshiba Corp., Siemens AG, Koninklijke Philips Electronics NV and Hitachi Ltd. But each company's units are slightly different, meaning his technology would have to be customized for each one. As a starting point, he chose GE's platform to build on. (Globe and Mail -- Business)
Toshiba to take 100% stake in LCD venture Mar 30, 2009
At the same time, the deal should allow Panasonic, the worlds top maker of plasma TVs, to focus more of its resources on large displays, though it will still hold 25% in another small and mid-sized LCD venture majority owned by Hitachi Ltd.. Toshiba Matsushita Display held 10. (The Star Online, Malaysia -- Business)
Mitsubishi UFJ to Cut 1,000 Jobs, Close 50 Branches as Recession Deepens Mar 23, 2009
Nissan Motor Corp. and NEC Corp. have both said they will cut 20,000 jobs, joining other manufacturers including Hitachi Ltd. and Sony Corp. in reducing workers. Confidence Slumps. (Bloomberg -- Japan)
Loss-making Sony freezes wages Mar 19, 2009
International Business. 19 Mar 2009, 0815 hrs IST, REUTERS. (India Times, India)
Loss-Making Sony Freezes Wages; Others May Follow Mar 19, 2009
March 18, 2009 FONT SIZE. TOKYO (Reuters) - Japanese electronics firm Sony Corp said on Thursday it would freeze workers' salaries this year as the company tried to recover from a record loss, and its rivals may follow in the face of a global sales slump. (ABC News -- Wire)
* Toshiba has new president Mar 19, 2009
The move follows similar management changes at other major Japanese corporations, including Toyota Motor Corp, Honda Motor Co and Hitachi Ltd.. Toshiba seems to be trying to show its determination to turn around the company amid the global economic crisis through the appointment of Sasaki, who has managed operations of heavy electric machinery, including nuclear power generation and its equipment. (Taipei Times, Taiwan -- World)
Toshiba names power business head as new CEO Mar 19, 2009
The reshuffle came two days after rival Hitachi Ltd. named another power business veteran, 69-year-old Takashi Kawamura, as its new CEO from April to take on the job of restructuring its sprawling operations. As a key advisor to current chief Atsutoshi Nishida, 59-year-old Sasaki has been in charge of Toshiba's social infrastructure business, which includes power plants, elevators and medical equipment. (EETimes)
Hitachi to replace head in restructure Mar 16, 2009
March 16, 2009 - 7:19PM. Japanese high-tech giant Hitachi Ltd says it is replacing its president and splitting off its automotive systems and consumer electronics operations as it braces for a massive loss. (Sydney Morning Herald -- Business)
Hitachi to cut $5.1 bn in costs Mar 16, 2009
1 bn in costs, shuffle management- International Business-News-The Economic Times. International Business. (India Times)
NTT Com Develops Secure Access System with Human Area Networking Technology Mar 3, 2009
Tokyo, Mar 2, 2009 - (JCN Newswire) - NTT Communications Corporation (NTT Com) announced today that together with Hitachi, Ltd. and MIWA LOCK Co., Ltd. it has developed a new human-identification system using RedTacton, a Human Area Networking technology developed by Nippon Telegraph and Telephone Corporation that uses the surface of the human body as a safe, high-speed network transmission path. RedTacton uses a transmission path established between the body of a person carrying a RedTacton... (JCN Network, Japan)
Japanese Stocks Fall, Send Topix to 25-Year Low, as Profit Concerns Mount Feb 20, 2009
Hitachi Ltd., which controls closely held chipmaker , slid 5. 9 percent to 241 yen. (Bloomberg -- Japan)
Five Reasons for Japan's Leaders to Get Drunk Feb 18, 2009
Big losses are forecast at Toyota Motor Corp., Sony Corp. and Hitachi Ltd., all of which are firing thousands of workers. That will accelerate the drop in household spending and deepen the recession. (Bloomberg -- Columnists)
Demand for Services Falls for a Second Month as Consumers Pare Spending Feb 17, 2009
Unemployment jumped the most in 41 years in December as companies including and Hitachi Ltd. fired workers, heightening the risk a decline in household spending will prolong the economic slump. Weakening demand for services suggests households are starting to feel the brunt of the recession, said , chief economist at Barclays Capital in Tokyo. (Bloomberg -- Japan)
Japan Corporate Debt Protection Costs Rise to a Record as Economy Shrinks Feb 16, 2009
In Japan Toyota Motor Corp., Sony Corp. and Hitachi Ltd. -- all of which are forecasting losses -- are firing thousands of workers as exports plunge, heightening the risk a slump in household spending will prolong the recession. The Markit iTraxx Asia index of credit-default swaps on 50 investment-grade borrowers outside Japan was little changed at 363 basis points as of 8:45 a.m. in Hong Kong, according to ICAP Plc. (Bloomberg -- Japan)
Nikkei rises 1.2 pc on new US hopes, Pioneer sinks Feb 13, 2009
2 pc on new US hopes, Pioneer sinks- Global Markets-Markets-The Economic Times. 2 pc on new US hopes, Pioneer sinks13 Feb 2009, 0639 hrs IST, REUTERS. (India Times)
* Asian stocks rise for second week on policy elation Feb 8, 2009
Asian stocks rose for a second week as optimism that government measures worldwide will ease the financial crisis offset cuts in earnings forecasts at Mizuho Financial Group Inc and Hitachi Ltd.. BHP Billiton Ltd and Kawasaki Kisen Kaisha Ltd led gains among mining and shipping companies after China cut some tariffs on raw material and component imports. (Taipei Times, Taiwan -- Sports)
Sharp slips into the red Feb 8, 2009
Web search enhanced by. Saturday February 7, 2009. (The Star Online, Malaysia -- Business)
Panasonic to cut 15,000 jobs, shut 27 plants Feb 7, 2009
Hitachi Ltd., NEC Corp. and Toshiba are also all forecasting big losses for the fiscal year. Panasonic shares rose 1 percent to 1,092 yen. (MSNBC -- Business)
