NIPNF.PK: Nec Corp Instablogs

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Wednesday, February 6, 7:34 PM Japanese stocks move lower in early trading, with the Nikkei Average falling 0.3% to 11,428. Blue chip Auto makers and tech firms were among the leading decliners: Canon (CAJ -1.5%), Advantest (ATE -2.2%), NEC (NIPNF.PK -1.9%), Mitsubishi Motors (MMTOY.PK -2.6%), and Nissan (NSANY.PK -0.3%). Comment! [Global & FX]
Wednesday, January 16, 8:07 PM Japanese stock markets open higher, paring some losses from the previous session as the dollar regained ground against the yen overnight. The Nikkei Average rose 0.6% to 10,660, as blue-chip exporters gained ground: Sony (SNE +2%), NEC (NIPNF.PK +2.5%), Panasonic (PC +1%), Mazda (MZDAY.PK +2%), Sharp (SHCAY.PK +3.5%) and Toyota (TM +1.3%). 2 Comments [Global & FX]
Monday, May 28, 2012, 6:34 AM Renesas (RNECY.PK) plunged 10.6% in Tokyo following reports that it intends to slash at least 12,000 jobs, sell loss-making operations, and raise ¥100 B ($1.26B) in fresh capital. Renesas said today that it would outsource the production of its high-end chips to Taiwan's TSMC, which may buy a Renesas fab. Comment! [Tech]
Thursday, March 22, 2012, 6:37 AM Convergys (CVG) sells its Information Management business to NEC (NIPNF.PK) for $449M in a deal slated to close in Q2. Comment! [M&A]
Monday, March 5, 2012, 7:15 PM Japanese stocks are higher in early trading as tech exporters take back some of their losses from the previous session. The Nikkei Average is currently up 0.4% to 9.732: Sony (SNE +0.2%), Sharp NEC (NIPNF.PK+1.9%), Renesas Electronics (RNECY.PK +1.9%) and Kyocera (KYO +1.4%). Comment! [Global & FX]
Monday, February 27, 2012, 7:30 PM Japanese stocks opened lower today, with tech shares weighed by the bankruptcy filing of Japan's lone DRAM-chip maker Elpida Memory (ELPDF.PK). The Nikkei Average is currently down 0.6% to 9,577: Renesas Electronics (RNECY.PK -6.8%), Advantest (ATE -6.5%) and NEC (NIPNF.PK -3.1%). Comment! [Global & FX]
Thursday, January 26, 2012, 2:37 AM NEC Corp. (NIPNF.PK) will cut 10,000 jobs after saying it expects to post a ¥100B loss for the year ending in March, a sharp divergence from earlier estimates of a ¥15B full-year profit. NEC also suspended its year-end dividend. Comment! [Tech, Global & FX]
Monday, October 17, 2011, 8:11 PM Japanese stocks dip lower in early trading on the back of a weak overnight performance in U.S.and European markets. The Nikkei Average is currently down 1.54% to 8,756.84, with technology exporters leading to the downside: Sony (SNE -3.24%), NEC (NIPNF.PK -2.3%), Toshiba Corp. (TOSYY -2.9%). The selloff in commodities also hit metals shares: JFE Holdings (JFEEF.PK -2.84%) and Nippon Steel (NISTF.PK -2.66%). 1 Comment [Global & FX]

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