Reuters - Shares in Japan's Hitachi Ltd dived 17 percent to a near 29-year low on Monday after its warning of a record $7.8 billion annual loss due to weak sales, a firmer yen and costs of restructuring its sprawling operations.
TOKYO (Reuters) - Shares in Japan's Hitachi Ltd dived 17 percent to a near 29-year low on Monday after its warning of a record $7.8 billion annual loss due to weak sales, a firmer yen and costs of restructuring its sprawling operations.
Sony and Panasonic shares plunged to their lowest levels in more than three decades on Friday as investors fretted about the future prospects for two of Japan's most iconic firms amid massive losses.Sony, which reported a record $5.7 billion annual loss Thursday, dived 5.11 percent to 1,151 yen by noon, while Panasonic was off 1.55 percent at 570 yen its earnings later Friday, which it has warned may show a record yearly loss.
By Masayuki Kitano SINGAPORE (Reuters) - The yen pulled up from a 4-1/2 year low against the dollar on Monday after Japan's economics minister said a further s
Shares in Japanese camera and precision equipment maker Olympus dived 24 percent Monday, hitting a more than two-year low after the abrupt demotion of its first non-Japanese CEO.The heavy selloff sent the stock to its lowest closing level since April 2009 as the ouster darkened prospects for the Japanese company's earnings, analysts said, with some firms downgrading their views on the company.Olympus shares closed down 23.96 percent to 1,555 yen after briefly going limit-down in Tokyo trade.
Shares in Japanese camera and precision equipment maker Olympus dived 24 percent Monday, hitting a more than two-year low after the abrupt demotion of its first non-Japanese CEO.The heavy selloff sent the stock to its lowest closing level since April 2009 as the ouster darkened prospects for the Japanese company's earnings, analysts said, with some firms downgrading their views on the company.Olympus shares closed down 23.96 percent to 1,555 yen after briefly going limit-down in Tokyo trade.
Shares in Japanese camera and precision equipment maker Olympus dived 24 percent Monday, hitting a more than two-year low as the abrupt demotion of its first non-Japanese CEO clouded its outlook.The heavy selloff sent the stock to its lowest closing level since April 2009 as the ouster darkened prospects for the Japanese company's earnings, analysts said.Olympus shares closed down 23.96 percent to 1,555 yen.
SINGAPORE (Reuters) - The yen pulled up from a 4-1/2 year low against the dollar on Monday after Japan's economics minister said a further steady drop in the yen could have negative effects on households, pushing the dollar to a low of 102.00.
The yen pulled up from a 4-1/2 year low against the dollar on Monday after Japan's economics minister said a further steady drop in the yen could have negative effects on households, pushing the dollar ...
AP - Japanese electronics maker Panasonic forecast Friday it would log a record net loss of 780 billion yen ($10.2 billion) for the year through March, nearly twice its previous estimate, amid weak TV and mobile phone sales and restructuring costs.