Posted by Reuters: Business News on February 3, 2012
TOKYO (Reuters) – Japan’s Panasonic Corp forecast a record annual net loss of $10.2 billion on Friday, joining beleaguered rivals Sony and Sharp in a sea of red ink as they struggle to fix their broken TV businesses and overcome criticism that they have lost their way.
Posted by Reuters: Business News on February 1, 2012
(Reuters) – AMR Corp, the parent of bankrupt American Airlines, wants to slash 13,000 jobs and terminate employee pension plans as part of a cost-cutting strategy the carrier says is necessary to compete with rivals.
Posted by Reuters: Business News on January 31, 2012
TOKYO (Reuters) – Honda Motor Co posted a 65 percent slide in quarterly operating profit on Tuesday and forecast the same drop for the full year, when natural disasters in Japan and Thailand hit it harder than rivals.
Posted by Reuters: Business News on January 30, 2012
TOKYO (Reuters) – Honda Motor Co is expected to report a double-digit slide in quarterly operating profit on Tuesday and forecast a still larger drop for the full year, as natural disasters in Japan and Thailand hit it harder than rivals.
Posted by Reuters: Business News on January 27, 2012
SEOUL (Reuters) – Samsung Electronics Co posted a record $4.7 billion quarterly operating profit, driven by booming smartphone sales, and will spend $22 billion this year to boost production of chips and flat screens to pull further ahead of smaller rivals.
Posted by Reuters: Business News on January 24, 2012
MILAN (Reuters) – Credit ratings agency Fitch was drawn into an Italian investigation of alleged market manipulation when prosecutors widened a probe beyond its two bigger rivals Standard & Poor’s and Moody’s , an investigative source said on Tuesday.
Posted by Reuters: Business News on January 17, 2012
HONG KONG (Reuters) – AIA Group Ltd , Asia’s No.3 insurer and about one-third owned by American International Group Inc , may bid for the $6 billion Asian insurance operations of ING Groep , sources said, with the prospective sale expected to draw heavy interest from rivals.
Posted by Reuters: Business News on January 6, 2012
(Reuters) – Best Buy Co appeared to gain market share from rivals in the United States during the key holiday season and stood by its profit outlook for the financial year despite a 1.2 percent same-store sales decline in December.
Posted by Reuters: Business News on December 30, 2011
(Reuters) – Whirlpool Corp on Friday accused two South Korean rivals, Samsung Electronics and LG Electronics , of dumping washing machines in the United States by selling them “at substantially less than fair value.”
Posted by Reuters: Business News on December 20, 2011
TOKYO (Reuters) – Japan picked Lockheed Martin’s F-35 jet as its next mainstay fighter Tuesday, choosing the aircraft over combat-proven but less stealthy rivals, as concern simmers over North Korea and as China introduces its own stealth fighters.
