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Company Description

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Sector: Consumer Goods

Industry: Appliances

Country: United States

Wednesday, April 10, 8:32 PM Japan's Nikkei opened to another multiyear high, quickly rising 1.2% to 13,452 as the dollar continued to move up against the yen. The broader Topix is also outperforming with a 1.6% rise. Exporters and financials lead: Hitachi Ltd. JP:6501 +2.81% (HTHIY.PK +3.4%), Mitsubishi Electric (MIELY.PK +3%), Panasonic (PC +3%), Daiwa Securities (DSEEY.PK +6%), Nomura (NMR +6.3%) and Dai-ichi Life Insurance (DCNSF.PK +4.4%). Comment! [Global & FX]
Sunday, September 23, 2012, 4:20 AM Japanese state-backed investment fund Innovation Network is in talks with major manufacturers - reportedly including Toyota (TM) and Panasonic (PC) - about acquiring struggling chipmaker Renesas, which is the subject of a bid of over ¥100B ($1.3B) from KKR. The Japanese government fears that KKR would "cut off the less-profitable operations" that are important for Japanese end users. 1 Comment [Tech]
Wednesday, August 29, 2012, 2:39 AM KKR (KKR) is reportedly in negotiations to invest about ¥100B ($1.3B) in Renesas (RNECY.PK) in a deal that would give the U.S. P-E firm a controlling stake in the unprofitable Japanese chipmaker, which is owned by NEC, Hitachi and Mitsubishi Electric. The speculation sent Renesas' shares surging 35% in Tokyo. Comment! [Tech, Top Stories, M&A, Financials]

MIELY.PK Mitsubishi Elect Cor