3 Chinese nationals, 2 companies charged in Boston with violating US export lawsOctober 5th, 2009 3 Chinese, 2 firms face export charges in BostonBOSTON — Federal prosecutors in Massachusetts have filed charges against three Chinese citizens and two corporations for conspiring to illegally export military products. Prosecutors said Monday that the employees of Chitron Electronics Inc.
DivX NEC Electronics sign licensing deal; terms not disclosedAugust 18th, 2009 DivX, NEC Electronics sign licensing dealSAN DIEGO — Video technology company DivX Inc. said Tuesday it has signed a multiyear licensing agreement with Japanese chip company NEC Electronics Corp.
Bhubaneswar Institute of Technology ties up with US firmAugust 3rd, 2009 BHUBANESWAR - US chip maker Cypress Semiconductor Corp will set up a design technology laboratory on the campus of the Bhubaneswar Institute of Technology (BIT) and train its students. "It will be the first programmable system on chip (PSoC) laboratory in the state," BIT chief operating officer and executive director Ashok Mahapatra told IANS.
Sharp posts $265 million loss last quarter amid weakening demand for TVs, phonesJuly 30th, 2009 Sharp posts $265 million quarterly lossTOKYO — Japanese electronics maker Sharp Corp. sank to a loss last quarter as a companywide effort to cut costs failed to offset plunging demand.
German tire, car parts maker Continental says pretax profit down 91 pct in 2QJuly 20th, 2009 Continental says 2Q pretax slips 91 pctFRANKFURT — German tire and car parts maker Continental AG said Monday that its pretax profit slid 91 percent during the second quarter as sales slowed on weaker demand from auto makers. In a preliminary estimate, the Hannover-based maker of tires, brakes, electronics and other auto components said earnings before interest and taxes in the April-June period fell to euro39 million ($54 million) compared with euro456 million during the same period a year earlier.
Philips Electronics 2Q profit falls 94 percent, sees improvement in second halfJuly 13th, 2009 Philips reports 94 percent fall in 2Q profit
AMSTERDAM — Royal Philips Electronics NV, the world's biggest lighting maker, reported Monday a 94 percent fall in net profit for the second quarter, due to weak sales amid the global economic downturn and asset divestments in the same period a year ago. Net profit was euro44 million ($61.4 million), down from euro732 million.
Morgan Stanley, Mitsubishi UFJ to form 50-50 corporate financing joint ventureJuly 1st, 2009 Morgan Stanley, Mitsubishi UFJ to form finance JVTOKYO — Mitsubishi UFJ, Japan's largest bank, and Morgan Stanley said Wednesday they will form a joint venture to pursue corporate financing business in the U.S., Canada and Latin America. Mitsubishi UFJ is eager to expand its reach overseas and took a major step late last year, when it paid $9 billion for a 21 percent stake in Morgan Stanley.
Best Buy, Nucor, Genzyme, Palm, Tyco Electronics are among big market movers TuesdayJune 16th, 2009 Best Buy, Nucor, Genzyme, Palm are big moversNEW YORK — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Best Buy Co., down $2.82 at $35.84
The electronics retailer's first-quarter profit was down as same-store sales slid, despite former rival Circuit City's market exit. Nucor Corp., up $1.11 at $46.86
The steel producer expects a loss between 55 cents and 65 cents in its second quarter, a better result than analysts had forecast.
A look at some notable company name changesJune 12th, 2009 A look at some notable company name changesGeneral Motors says it has discussed changing its name as it reorganizes while it is in bankruptcy protection. But it hasn't made any decisions yet.
Dell policy formalizes ban on exporting broken electronics and parts to developing countriesMay 12th, 2009 Dell bans e-waste export to developing countriesSEATTLE — PC maker Dell Inc. on Tuesday formally banned the export of broken computers, monitors and parts to developing countries amid complaints that lax enforcement of environmental and worker-safety regulations have allowed an informal and often hazardous electronic-waste recycling industry to emerge.
Japan's Sharp posts 125.8 billion yen annual loss amid economic slumpApril 27th, 2009 Sharp posts 125.8 billion yen annual lossTOKYO — Japanese electronics maker Sharp Corp. said Monday that it suffered an annual net loss of 125.8 billion yen ($1.3 billion) due to declining demand and increasing competition amid a global economic slump.
Japan's Sharp posts $1.3 billion annual loss as sales of TVs, gadgets slumpApril 27th, 2009 Sharp posts $1.3 bln loss as TV, gadget sales diveTOKYO — Japanese electronics maker Sharp Corp. suffered an annual net loss of 125.8 billion yen ($1.3 billion), its first yearly red ink in nearly six decades, due to declining demand and increasing competition amid a global economic slump.
LG Electronics reports quarterly loss of $147 million on FX and LG Display lossesApril 21st, 2009 LG Electronics reports quarterly loss of $147 mlnSEOUL, South Korea — LG Electronics Inc., a major manufacturer of mobile phones and flat screen televisions, stayed in the red for a second straight quarter, knocked by foreign exchange losses and a poor result from its flat panel affiliate LG Display. The net loss for the first three months of 2009 was 198 billion South Korean won ($146.7 million), the South Korean company said Tuesday.
'Gujarat IT exports to cross Rs.10 bn'February 3rd, 2009 AHMEDABAD - Gujarat's IT exports are estimated to grow to Rs.10 billion (Rs.1,000 crore) this fiscal from Rs.7.61 billion in 2007-08, an industry organisation said Wednesday. Last fiscal, the industry was hopeful of achieving 100 percent growth in exports from Rs.5 billion in 2006-07, but could not meet the target, mainly due to rupee appreciation against dollar, said Nirav Shah, president of the Gujarat Electronics and Software Industries Association (GESIA).
Sanyo Electric lowers operating profit, sales projections for 2008January 14th, 2009 TOKYO - Sanyo Electric Co lowered its projections for operating profit and sales for the fiscal year 2008 that ends in March owing to the yen's advance and declining sales of electronics parts and semiconductors, the company said Thursday. The Japanese home electronics maker revised downward its operating profit to 30 billion yen ($335.78 million) from an earlier projection of 50 billion yen.
Loading ...