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Sony earnings update

February 7, 2013 11:57 am | by The Associated Press | News | Comments

Sony Corp. on Thursday reported a group net loss of 50.87 billion yen in the April to December period, compared to a wider loss of 201.45 billion yen a year earlier, and retained its outlook to return to profitability for the full year through March, reflecting the effects of restructuring efforts and the weakening yen.

Haier to set up R&D center in Saitama

February 7, 2013 11:40 am | by The Associated Press | News | Comments

Haier Group Corp., a leading Chinese consumer electronics manufacturer, plans to establish a research and development center in Kumagaya, Saitama Prefecture, possibly in 2014, company officials said Thursday.

Samsung phone battery catches fire, injures man

February 7, 2013 11:36 am | by The Associated Press | News | Comments

South Korean fire officials say a man suffered burns after the battery from a Samsung smartphone caught fire in his trouser pocket. Officials at Bupyeong Fire Station in Incheon city said Wednesday the lithium-ion battery was not in the phone when it caught fire. Such batteries are quick to charge but prone to overheating.


Microsoft and Huawei launch phone for Africa

February 5, 2013 11:15 am | by The Associated Press | News | Comments

Chinese phone maker Huawei and Microsoft are combining forces to sell a new smartphone in Africa, which they say is the world's fastest growing mobile phone market. The two companies launched the Huawei 4Afrika Tuesday. The phone runs Windows Phone 8 and comes pre-loaded with applications designed for the African market.

Hitachi cuts earnings outlook on slowing growth in Asia

February 4, 2013 11:00 am | by The Associated Press | News | Comments

Hitachi Ltd. said Monday it has revised down its group earnings outlook for the current business year through March due to the continuing economic slump in Europe and slowing growth in emerging markets including China and India.

Environment Ministry seeks delay in TEPCO thermal power

February 4, 2013 10:54 am | by The Associated Press | News | Comments

The Environment Ministry has asked the industry ministry to have Tokyo Electric Power Co. postpone its plan to hold a tender to choose suppliers of electricity generated by coal-fired thermal plants, sources close to the matter said Monday.

LG Electronics sinks to loss after EU fine

January 30, 2013 10:31 am | by YOUKYUNG LEE, AP Technology Writer | News | Comments

LG Electronics Inc. reported its first quarterly loss in a year Wednesday after Europe slapped it with a massive fine for price fixing. Its net loss totaled 468 billion won ($429 million) for the last quarter of 2012, compared with a loss of 112 billion a year earlier.

US investigators ask Boeing for battery history

January 30, 2013 10:29 am | by Elaine Kurtenbach & Joan Lowy, AP Business Writers | News | Comments

U.S. investigators said Wednesday they asked Boeing Co. to provide a full operating history of lithium-ion batteries used in its grounded 787 Dreamliners after Japan's All Nippon Airways revealed it had repeatedly replaced the batteries even before overheating problems surfaced.


Funai Electric to acquire audio operations of Philips

January 29, 2013 10:28 am | by The Associated Press | News | Comments

Funai Electric Co. said Tuesday it will acquire the audio equipment businesses of Royal Philips Electronics later this year so it can expand its product range and improve its performance. The Osaka-based consumer electronics maker will acquire all shares to be floated by a new company that the Dutch maker will set up in the April-September period.

Mitsubishi to operate megasolar power plants in Fukushima

January 28, 2013 10:28 am | by The Associated Press | News | Comments

Mitsubishi Corp. said Monday it plans to start operating two mega solar power plants in Fukushima Prefecture from August 2014. With their combined output planned to reach 18,000 kilowatts, the plants in the city of Iwaki can sustain some 7,000 households, according to the major trading house.

Demand for flat screen TV continues to surge across Southeast Asia

January 25, 2013 12:10 pm | by GFK | News | Comments

The constant evolution and innovation in the world of TV technology have been successfully fueling consumer demand and driving consistent growth in the industry over the last few years. In the Southeast Asia region, flat panel TVs have continued to register a surge in demand in 2012, selling over 8.3 million units in the first eleven months of the year...

Japanese gov't fund wants to merge lithium-ion business

January 25, 2013 11:54 am | by The Associated Press | News | Comments

A state-backed corporate turnaround fund is encouraging Sony Corp., NEC Corp. and Nissan Motor Co. to merge their lithium-ion battery businesses in the face of intensifying international competition, sources close to the matter said Friday.

Toshiba, GE to set up joint venture for thermal power generation

January 24, 2013 11:23 am | by The Associated Press | News | Comments

Toshiba Corp. and General Electric Co. of the United States have agreed to set up a joint venture by the end of the year for the development and sales of a high-efficiency thermal power system, the Japanese electronics giant said Thursday.


Applications to extend operation of aging Japan reactors put on hold

January 23, 2013 11:15 am | by The Associated Press | News | Comments

Japan's nuclear regulatory authority on Wednesday decided not to accept applications from utilities seeking to extend the operation of reactors beyond 30 years under existing procedures, given that new regulations will be introduced in July.

Innovative packaging for China's smartphone market

January 23, 2013 11:09 am | by The Associated Press | News | Comments

STATS ChipPAC Ltd. today announced implementation of breakthrough performance and packaging innovation in multiple advanced chipsets for the rapidly developing smartphone market in China. Spreadtrum Communications, a leading fabless semiconductor provider in China, has adopted STATS ChipPAC's packaging innovations...

Hitachi to build steam turbine generators in India

January 23, 2013 10:44 am | by The Associated Press | News | Comments

Hitachi Ltd. said Wednesday it will build two steam turbine generators for a supercritical pressure thermal power plant to be built in India. Hitachi, which is trying to boost its presence in India, said it has received orders for the generators from India's BGR Energy Systems Ltd. and National Thermal Power Corp.

Toshiba to give presentation at IDEMA Japan

January 21, 2013 10:23 am | by The Associated Press | News | Comments

Toshiba Corporation today announced that Yoichiro Tanaka, Ph.D., Senior Manager of Storage Products Application Engineering Department, Storage Products Division, Semiconductor & Storage Products Company, will give a presentation at IDEMA Japan January 2013 Quarterly Seminar on Friday, January 25.

Sony to launch new Xperia tablet model in Japan

January 21, 2013 10:20 am | by The Associated Press | News | Comments

Sony Mobile Communications Inc. said Monday it will start selling a new version of its Xperia tablet computer this spring in the Japanese market, featuring a lighter body and new imaging censor. The water and dust proof Xperia Tablet Z, equipped with a 10.1-inch liquid crystal panel, is compatible with the LTE high-speed network.

China Mobile seeks Taiwan handset makers' support

January 18, 2013 11:58 am | by The Associated Press | News | Comments

China Mobile is seeking support from Taiwanese chip and handset makers to back the fourth generation high-speed mobile network co-developed by the state-owned Chinese telecom operator. China Mobile chief executive Li Yue said the network adopted and promoted by the Chinese government will reach 30 percent of the Chinese population...

CEO says Sony is on track for comeback

January 18, 2013 11:14 am | by YURI KAGEYAMA, AP Business Writer | News | Comments

Sony Corp., the struggling Japanese electronics and entertainment company, is headed in the right direction although its comeback is not yet complete, its chief executive said Thursday. Kazuo Hirai told reporters that Sony is now more nimble and focused under his leadership which began nine months ago.

Sony looking to boost sales of LCD televisions in India

January 17, 2013 10:26 am | by The Associated Press | News | Comments

Sony Corp.'s president said Thursday that the company is aiming to boost sales of liquid crystal display televisions in emerging markets such as India and Brazil, as strong replacement demand is expected in the countries.

Sharp in talks with Lenovo on LCD TV business tie-up

January 17, 2013 10:20 am | by The Associated Press | News | Comments

Struggling electronics maker Sharp Corp. is in talks with Lenovo Group Ltd. of China to form an alliance in the liquid crystal display television business, sources close to the matter said Thursday.

Battery in 787 swollen from overheating

January 17, 2013 10:00 am | by ELAINE KURTENBACH, AP Business Writer | News | Comments

The main battery beneath the cockpit of the Boeing 787 forced to make an emergency landing in Japan was swollen from overheating, a safety official said Thursday, as aviation regulators worldwide joined the U.S. and Japan in grounding the technologically advanced aircraft because of fire risk.

Boeing 787 update

January 16, 2013 9:32 am | by The Associated Press | News | Comments

A Boeing 787 Dreamliner jet operated by All Nippon Airways Co. made an emergency landing Wednesday morning at Takamatsu Airport in western Japan due to smoke in the cockpit, with the transport ministry suspecting a problem related to the aircraft's main battery may have caused the incident.

Softbank update

January 14, 2013 10:59 am | by The Associated Press | News | Comments

Softbank Corp. is considering selling about a 67 percent stake in smaller Japanese mobile phone service provider eAccess Ltd. to Samsung Electronics Co. of South Korea and 10 other companies as early as this month, sources familiar with the situation said Saturday.

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