Xerox Scraps Accord on Acquisition by Fujifilm
May 14, 2018
New York- Xerox Corp. said Sunday it will terminate the agreement on the acquisition of the U.S. copier maker by Japan’s Fujifilm Holdings Corp. Xerox said it has entered into a new settlement agreement with two major shareholders who opposed
MUFG Bank, Sumitomo Mitsui Mull Joint ATM Use
May 14, 2018
Tokyo- MUFG Bank and Sumitomo Mitsui Banking Corp. are considering jointly using automated teller machines, according to informed sources. The move is designed to improve customer convenience and increase operational efficiency. Both of the two major Japanese banks find it
Sharp Pres. Tai May Stay On until FY 2019
May 12, 2018
Tokyo- Sharp Corp. President Tai Jeng-wu, in a message to the firm’s employees on Friday, indicated his intention to remain in the post until fiscal 2019. In the message, Tai said he feels a strong responsibility to attain targets included
Stocks gain a day after central bank raises policy rates
May 11, 2018
Stocks surged on Friday, a day after the central bank raised policy rates for the first time in four years to check inflation. The Philippine Stock Exchange index closed 181.11 points higher to end at 7,752.11. In the broader market,
Subaru Projects FY 2018 Sales, Profit Falls on Stronger Yen
May 11, 2018
Tokyo- Major Japanese automaker Subaru Corp. said Friday that its group operating profit in fiscal 2018, which started in April, is projected to drop 20.9 pct from the previous year to 300 billion yen, with sales seen falling 4.6 pct
3 Major Japanese Mobile Carriers Enjoy Higher Sales, Operating Profits
May 11, 2018
Tokyo- Three major Japanese mobile carriers produced gains in consolidated sales and operating profit in the year that ended in March, according to their earnings reports. KDDI Corp.’s operating profit rose 5.5 pct from the previous year to a record
Suzuki’s Global Vehicle Sales May Reach 7 M. Units in 2030
May 11, 2018
Tokyo- Suzuki Motor Corp.’s global vehicle sales may reach seven million units in 2030, as the Indian market is expected to expand rapidly, Chairman Osamu Suzuki has said. This is up sharply from some 3.22 million units sold globally by
Xerox to Restart Talks with Fujifilm on Acquisition Bid
May 10, 2018
New York- U.S. copier maker Xerox Corp. has said it will restart negotiations on the acquisition bid by Japan’s Fujifilm Holdings Corp.. According to a letter to its shareholders disclosed on Wednesday, Xerox will review the 6.1-billion-dollar acquisition agreement reached
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