JAPAN

Hitachi to join Toshiba-Sony LCD panel merger

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Hitachi Ltd <6501.T> wants to join the ongoing talks between Toshiba Corp <6502.T> and Sony Corp <6758.T> to combine their units that make small and mid-size LCD panels, the Nikkei business daily reported.

June auto sales seen up slightly

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Fewer cars on dealer lots and higher prices -- factors that led to disappointing U.S. auto sales in May -- look to hold June results in check.
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Can the Internet help you lose weight?

NEW YORK (Reuters Life!) - People tend to lose a little more weight with online help than with traditional weight loss programs, a Japanese study said -- but combining the Internet with in-person contact appears to be the most effective in keeping extra kilograms at bay.
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Psst...China stocks at mercy of rumors

The accounting troubles and short-selling attacks hitting China-based companies are creating fertile ground for the rumor mill to flourish, with some shares hammered by chatter rather than actual evidence.
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Japan May factory output jumps by most in nearly 60 years

Japanese factory output jumped by the most in almost 60 years in May as manufacturers restore supply chains damaged by the massive earthquake and tsunami in March, the latest evidence the economy is headed for a V-shaped recovery from the disaster.
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Home price decline eases, but consumers gloomy

The drastic plunge in home prices continued to level off in April, hinting at stabilization in the housing market, but job market worries pushed consumer confidence to a seven-month low in June.
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Honda CFO says profit forecast not conservative

Honda Motor Co's <7267.T> annual operating profit forecast is not conservative, given the yen's strength and soaring raw materials prices, the automaker's chief financial officer said on Tuesday.
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Consumer spending breaks 10-month rising streak

U.S. consumer spending failed to rise in May, breaking 10 straight months of gains, as households struggled with rising prices and automakers could not deliver some popular models due to fallout from Japan's earthquake.
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China audits local government finances in debt clean-up

China released a comprehensive review of the massive debt of its local governments on Monday and curtailed their future borrowing, taking its first major step to prevent widespread defaults from destabilizing its vast economy.
We Pray for Japan wristband

Lady Gaga accused of stealing from Japan tsunami relief funds

Lady Gaga will face $5 million lawsuit filed by a Michigan Law firm, which accuses her of scamming a Japan tsunami relief charity. Plaintiff 1-800-LAW-FIRM alleges that the pop diva pocketed undisclosed amounts of cash from the sale of We Pray for Japan wristband promoted through her online store. The pop star charges $5 for the wristband, another $3.99 for shipping and handling, and $0.60 for tax. According to the lawsuit, Lady Gaga unlawfully inflated the costs involved in shipping and...

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