Sony Corp will sell its production facilities for making key microchips used in its PlayStation 3 game console to Toshiba Corp, pulling back from the heavy investment needed.
Sony Corp will launch a cheaper model of its PlayStation 3 in the United States, hoping to attract more buyers as it goes up against rival game consoles from Microsoft and Nintendo this holiday.
China will be asked to do more to encourage the military rulers of Myanmar to engage in dialogue with the opposition, the U.N. special envoy to the troubled Southeast Asian nation said on Thursday.
Technology stocks rose on Wednesday as investors took heart from solid corporate earnings and shrugged off fresh evidence of a dismal housing sector, which renewed speculation the Fed will cut interest rates.
Japanese carmakers will be casting a wide net at the Tokyo Motor Show next week as they try to lure consumers back to the sputtering home market, with showpieces ranging from cute, bubbly concepts to pure, mean muscle machines.
Coca-Cola Co said on Wednesday that its quarterly net profit rose a better-than-expected 13 percent, helped by strong sales of noncarbonated drinks and the weak dollar.
Assistant Secretary of State Christopher Hill said on Tuesday he believed North Korea would stop its uranium enrichment program by the end of the year.
Poor corporate earnings and renewed worries about credit rattled investors on Tuesday, while record high oil prices threatened to add pressure to world growth.
Oil thundered towards $88 a barrel on Tuesday, hitting a new record and extending a rally that has added eight dollars in as many days on tight supplies, strong demand and tension in northern Iraq.
World stocks hovered slightly off their record highs on Monday and the dollar firmed as investors gained confidence in the health of the U.S. economy and paid little heed to oil prices near $84 a barrel.
Nintendo Co Ltd surpassed 10 trillion yen ($85 billion) in market value on Monday, joining Toyota Motor Corp and Mitsubishi UFJ Financial Group as one of the bluest of Japanese blue-chip stocks.
Asian stocks pared early gains on Monday, pausing after their recent rally, while the dollar held firm as strong U.S. retail sales data prompted investors to trim bets of further U.S. interest rate cut.
Japanese Carmakers intend to export their hybrid models to emerging countries like India and China, anticipating these countries’ growing appetite for environmentally friend models, especially among the wealthy.
Technology stocks tumbled on Thursday as a sell-off in shares of Chinese Internet company Baidu.com fuelled concerns that the recent tech rally may be coming to an abrupt end.
Japanese firms have done very well in the U.S., Europe and beyond but on their home turf, they find a shrinking and uninvolved market.
Japan's Sanyo Electric Co Ltd said it has reached a basic agreement to sell its loss-making mobile phone business to Kyocera Corp, creating the world's seventh-largest cellphone provider.
Shares of Sony Financial Holdings Inc rose nearly 4 percent on their debut on Thursday, as a stock market rebound boosted demand for the financial firm that recently completed Japan's largest IPO this year.
World stock markets raced ahead with their post-credit shock rally on Thursday and Wall Street looked set to join them, while gold and platinum hit highs on the back of the weaker dollar.
Stocks around the world extended gains on Thursday while the yen slipped against the dollar after the Bank of Japan decided not to change interest rates.
The Nikkei average gained 0.1 percent on Thursday despite some weak economic data out before the open.
Boeing Co. said Wednesday that it will delay delivery of its fast selling 787 Dreamliner jet by six months because of continued challenges in the plane's assembly, including parts scarcity.
World stocks stretched to record highs on Wednesday, led by emerging markets, while the dollar slipped on reduced hopes of a new U.S. interest rate cut.