Hitachi Ltd. ADR (HTHIY) - OTCPK - Current
  • Mar. 28, 2011, 5:02 PM

    Yet to be felt because most parts are shipped by boats, the impact from the shutdown in Japanese manufacturing will hit the auto industry full force around mid-April. Many workers will be told to stay home, and buyers will face higher prices and fewer choices.

    | Mar. 28, 2011, 5:02 PM | 3 Comments
  • Mar. 15, 2011, 5:00 AM
    Nikkei sheds another 10.6% to close at 8,605 amid reports that Tokyo's radiation readings surged to 23x the normal level. Worst-hit shares included TOSBF.PK -19.5%, HIT -12.6%, NMR -12%, PC -11.3%, KYO -10.7%, MFG -10.3%, NTT -9%, SNE -8.9%, and MTU -8.8%.
    | Mar. 15, 2011, 5:00 AM
  • Mar. 14, 2011, 12:00 AM
    The Nikkei is -5.7% at 1:00 PM Japan time, its low of the day.
    Manufacturers are being hit hard, including Toshiba (TOSBF.PK) -16.3%, Hitachi (HIT) -15%, Nissan (NSANY) -9.2%, Sony (SNE) -8.5%, Toyota (TM) -8%, Panasonic (PC) -8.2%, and Honda (HMC) -5.7%.
    Other losers include Nomura (NMR) -9.1%, Yahoo Japan -6.2%, and Nippon Telegraph and Telephone (NTT) -5.5%.
    Many firms are still trying to assess the condition of their plants and how potential power cuts might affect them.
    | Mar. 14, 2011, 12:00 AM | 1 Comment
  • Mar. 7, 2011, 7:15 AM

    Western Digital (WDC) will pay $4.3B in cash and stock for Hitachi's (HIT) storage-technologies unit. (PR)

    | Mar. 7, 2011, 7:15 AM | 1 Comment
  • Feb. 24, 2011, 3:56 PM
    Last year, SSBT OD05 Omnibus Account Treaty Clients appeared as a top 10 shareholder in several major Japanese companies. Behind SSBT? China, which has stealthily built stakes in firms like Mitsubishi Financial, Canon, Sony, and Tokyo Electric, among others.
    | Feb. 24, 2011, 3:56 PM
  • Dec. 30, 2010, 8:32 AM

    The U.S. International Trade Commission voted to investigate a patent infringement complaint filed by chip maker Rambus (RMBS) against 30 competitors. Among the companies Rambus accuses of violations are Hewlett-Packard (HPQ) and Motorola (MOT).

    | Dec. 30, 2010, 8:32 AM
  • Dec. 29, 2010, 8:23 AM

    Surprisingly, Toshiba (TOSBF.PK) and Hitachi (HIT) make quick and decisive moves in the face of stiffening competition from South Korea. The companies are either outsourcing, selling, streamlining, or shuttering some of their moribund business lines. Well, 2011 is the year of the rabbit.

    | Dec. 29, 2010, 8:23 AM
  • Dec. 27, 2010, 7:24 AM

    Taiwan's Hon Hai Precision Industries (HNHAF.PK) is buying a majority stake in a Hitachi (HIT) display unit for around $1.2B. The deal will make Hon Hai the world's top producer of LCD panels, and help Hitachi continue to streamline its business.

    | Dec. 27, 2010, 7:24 AM
  • Dec. 21, 2010, 4:32 PM

    Molycorp (MCP +13.2%) CEO Mark Smith tells CNBC there's no bubble in rare earth prices. "We are absolutely bullish on prices. We think these prices are absolutely sustainable, and we think simple supply and demand fundamentals support the prices." Earlier, Molycorp had announced a partnership with Hitachi (HIT) to produce rare earth magnets.

    | Dec. 21, 2010, 4:32 PM | 2 Comments
  • Sep. 1, 2010, 8:29 AM
    Japanese electronics firm Hitachi (HIT) is planning an IPO of its hard-drive unit in the U.S. and could close the offer by the end of the year. A sale of the unit is also a possibility.
    | Sep. 1, 2010, 8:29 AM
  • Aug. 10, 2010, 12:10 PM
    Following suit with New York, Florida will sue major LCD screen manufacturers (Samsung, HIT, SHCAY.PK, TOSBF.PK), alleging price-fixing.
    | Aug. 10, 2010, 12:10 PM
  • Aug. 6, 2010, 3:24 PM

    New York's attorney general sues makers of LCD screens, including Sharp (SHCAY.PK), LG Display (LPL), Hitachi (HIT) and Samsung (SSNLF.PK), over alleged price-fixing. The lawsuit filed in New York's state supreme court alleges that the companies "engineered a cartel that dominated the $70B market for LCD screens" for the past decade.

    | Aug. 6, 2010, 3:24 PM | 3 Comments
  • Aug. 6, 2010, 12:24 PM

    New York AG Cuomo files a price-fixing suit against LCD screen makers, including Hitachi (HIT), Sharp (SHCAY.PK), Samsung and Toshiba (TOSBF.PK), saying the companies "engineered a cartel" to dominate the $70B market over the past decade.

    | Aug. 6, 2010, 12:24 PM | 6 Comments
  • Jul. 1, 2010, 8:47 AM
    Hitachi (HIT) will transfer most of its stake in an LCD joint venture to Panasonic (PC) for $717M. The move will shrink Hitachi's JV holdings to 5%, and raise Panasonic's stake to 92%.
    | Jul. 1, 2010, 8:47 AM
  • Jun. 25, 2010, 7:47 AM
    GE (GE) and Hitachi (HIT) are in talks to change the ownership structure of their nuclear-power alliance in order to boost sluggish orders outside of the U.S. and Japan. The nuclear focus is critical for Hitachi, which is trying to shift away from its money-losing semiconductor and consumer-electronics operations.
    | Jun. 25, 2010, 7:47 AM
  • Mar. 16, 2010, 9:20 AM

    Dell (DELL) files suit against five tech firms in Japan and Taiwan, including Toshiba (TOSBF.PK) and Hitachi (HIT), on claims the companies formed behaved as a cartel by price-fixing and overcharging.

    | Mar. 16, 2010, 9:20 AM
Company Description
Hitachi and its subsidiaries are engaged in the development, production, sale and service of electrical machinery, semiconductors and computers. Co. is divided into seven business divisions: information & communication systems, electronic devices, digital media & consumer products, high... More
Industry: Heavy Construction
Country: Japan