Canon shares fall on report that company plans to cut earnings guidance

Shares of Canon fell 2.5% on Wednesday on a Nikkei report that said the company is expected to downgrade its earnings guidance for 2019. Nikkei reported that Canon’s operating profit is likely to fall short of the current forecast by about $447 million as consumers opt for smartphone cameras over digital cameras. The report found that Canon’s operating profit is anticipated to fall 20% to slightly above $2.4 billion, compared with the projected $2.9 billion. The Japanese company’s sales for 2019


Shares of Canon fell 2.5% on Wednesday on a Nikkei report that said the company is expected to downgrade its earnings guidance for 2019. Nikkei reported that Canon’s operating profit is likely to fall short of the current forecast by about $447 million as consumers opt for smartphone cameras over digital cameras. The report found that Canon’s operating profit is anticipated to fall 20% to slightly above $2.4 billion, compared with the projected $2.9 billion. The Japanese company’s sales for 2019
Canon shares fall on report that company plans to cut earnings guidance Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: matt lavietes, brian ach, getty images
Keywords: news, cnbc, companies, report, canon, plans, earnings, sales, operating, expected, nikkei, profit, company, smartphone, japanese, cut, guidance, shares, fall


Canon shares fall on report that company plans to cut earnings guidance

Shares of Canon fell 2.5% on Wednesday on a Nikkei report that said the company is expected to downgrade its earnings guidance for 2019.

Nikkei reported that Canon’s operating profit is likely to fall short of the current forecast by about $447 million as consumers opt for smartphone cameras over digital cameras.

The report found that Canon’s operating profit is anticipated to fall 20% to slightly above $2.4 billion, compared with the projected $2.9 billion. The Japanese company’s sales for 2019 are also not expected to reach the standing projection of $34.8 billion.

Canon did not immediately respond to a request for comment from CNBC.

Canon’s digital camera sales are shrinking in China in particular, Nikkei said, adding that a slowdown in chipmaking equipment orders is also expected to hurt earnings as demand for smartphone semiconductors declines.

The Japanese company will announce its first-quarter results on April 24.


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: matt lavietes, brian ach, getty images
Keywords: news, cnbc, companies, report, canon, plans, earnings, sales, operating, expected, nikkei, profit, company, smartphone, japanese, cut, guidance, shares, fall


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Tesla and Panasonic reportedly freeze spending on $4.5 billion Gigafactory

Tesla and Panasonic have paused expansion of the Gigafactory 1, as investors increasingly worry about possibly weakening demand for Tesla cars, the Nikkei Asian Review reported Thursday. The $4.5 billion Gigafactory near Reno, Nevada, is where Panasonic and Tesla jointly make the battery packs for Tesla’s cars and energy storage products, and where parts of the Model 3 sedan are made. Tesla said in its fourth-quarter letter to shareholders that it will “most likely” build the recently unveiled M


Tesla and Panasonic have paused expansion of the Gigafactory 1, as investors increasingly worry about possibly weakening demand for Tesla cars, the Nikkei Asian Review reported Thursday. The $4.5 billion Gigafactory near Reno, Nevada, is where Panasonic and Tesla jointly make the battery packs for Tesla’s cars and energy storage products, and where parts of the Model 3 sedan are made. Tesla said in its fourth-quarter letter to shareholders that it will “most likely” build the recently unveiled M
Tesla and Panasonic reportedly freeze spending on $4.5 billion Gigafactory Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: robert ferris, bob strong
Keywords: news, cnbc, companies, panasonic, reportedly, spending, 45, freeze, previously, nikkei, tesla, shareholders, likely, gigafactory, model, billion, review


Tesla and Panasonic reportedly freeze spending on $4.5 billion Gigafactory

Tesla and Panasonic have paused expansion of the Gigafactory 1, as investors increasingly worry about possibly weakening demand for Tesla cars, the Nikkei Asian Review reported Thursday.

Tesla shares fell 3.5% in premarket trading Thursday morning.

The $4.5 billion Gigafactory near Reno, Nevada, is where Panasonic and Tesla jointly make the battery packs for Tesla’s cars and energy storage products, and where parts of the Model 3 sedan are made. Tesla said in its fourth-quarter letter to shareholders that it will “most likely” build the recently unveiled Model Y crossover at the factory.

Panasonic and Tesla had previously planned to increase the factory’s capacity by 50 percent by 2020, but have since reconsidered their plans, the Nikkei Asian Review said.

The news comes a week after Tesla released quarterly delivery numbers that missed Wall Street expectations by a wide margin.

Tesla did say U.S. orders for Model 3 vehicles significantly outpaced what it was able to deliver in the first quarter, and the company reaffirmed its prior guidance of 360,000 to 400,000 vehicle deliveries in 2019.

“We will of course continue to make new investments in Gigafactory 1, as needed,” Tesla said in a statement Thursday. “However, we think there is far more output to be gained from improving existing production equipment than was previously estimated.”

Panasonic did not immediately respond to a request for comment from CNBC.

Clarification: This story has been updated to clarify that Tesla said in its fourth-quarter letter to shareholders that it will “most likely” build the Model Y at the Gigafactory.


Company: cnbc, Activity: cnbc, Date: 2019-04-11  Authors: robert ferris, bob strong
Keywords: news, cnbc, companies, panasonic, reportedly, spending, 45, freeze, previously, nikkei, tesla, shareholders, likely, gigafactory, model, billion, review


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US tech firms fear China could be spying on them using power cords, report says

Fearing that China could be spying on them using power cords and plugs, several U.S. technology companies have asked their Taiwanese suppliers to shift production of some components out of the mainland, Nikkei Asian Review reported on Friday. The report cited unnamed executives from two Taiwanese companies: Lite-On Technology, a manufacturer of electronic parts, and Quanta Computer, a supplier of servers and data centers. Lite-On’s clients include Dell EMC, Hewlett-Packard and IBM, while Quanta


Fearing that China could be spying on them using power cords and plugs, several U.S. technology companies have asked their Taiwanese suppliers to shift production of some components out of the mainland, Nikkei Asian Review reported on Friday. The report cited unnamed executives from two Taiwanese companies: Lite-On Technology, a manufacturer of electronic parts, and Quanta Computer, a supplier of servers and data centers. Lite-On’s clients include Dell EMC, Hewlett-Packard and IBM, while Quanta
US tech firms fear China could be spying on them using power cords, report says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: yen nee lee, beebright, getty images
Keywords: news, cnbc, companies, quanta, components, report, power, taiwanese, china, firms, companies, technology, fear, cords, data, plugs, using, tech, spying, executives, nikkei


US tech firms fear China could be spying on them using power cords, report says

Fearing that China could be spying on them using power cords and plugs, several U.S. technology companies have asked their Taiwanese suppliers to shift production of some components out of the mainland, Nikkei Asian Review reported on Friday.

The report cited unnamed executives from two Taiwanese companies: Lite-On Technology, a manufacturer of electronic parts, and Quanta Computer, a supplier of servers and data centers. Lite-On’s clients include Dell EMC, Hewlett-Packard and IBM, while Quanta counts Google and Facebook among its customers, according to Nikkei.

The executives told Nikkei that some of their American clients — without specifying which companies — asked them to move out of China partly because of cyberespionage and cybersecurity risks. The U.S. tech firms were worried that even mundane components such as power plugs could be tapped by Beijing to access sensitive data, according to the report.

Lite-On and Quanta did not immediately respond to CNBC’s requests for comment.


Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: yen nee lee, beebright, getty images
Keywords: news, cnbc, companies, quanta, components, report, power, taiwanese, china, firms, companies, technology, fear, cords, data, plugs, using, tech, spying, executives, nikkei


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US tech firms fear China could be spying on them using power cords, report says

Fearing that China could be spying on them using power cords and plugs, several U.S. technology companies have asked their Taiwanese suppliers to shift production of some components out of the mainland, Nikkei Asian Review reported on Friday. The report cited unnamed executives from two Taiwanese companies: Lite-On Technology, a manufacturer of electronic parts, and Quanta Computer, a supplier of servers and data centers. Lite-On’s clients include Dell EMC, Hewlett-Packard and IBM, while Quanta


Fearing that China could be spying on them using power cords and plugs, several U.S. technology companies have asked their Taiwanese suppliers to shift production of some components out of the mainland, Nikkei Asian Review reported on Friday. The report cited unnamed executives from two Taiwanese companies: Lite-On Technology, a manufacturer of electronic parts, and Quanta Computer, a supplier of servers and data centers. Lite-On’s clients include Dell EMC, Hewlett-Packard and IBM, while Quanta
US tech firms fear China could be spying on them using power cords, report says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: yen nee lee, beebright, getty images
Keywords: news, cnbc, companies, quanta, components, report, power, taiwanese, china, firms, companies, technology, fear, cords, data, plugs, using, tech, spying, executives, nikkei


US tech firms fear China could be spying on them using power cords, report says

Fearing that China could be spying on them using power cords and plugs, several U.S. technology companies have asked their Taiwanese suppliers to shift production of some components out of the mainland, Nikkei Asian Review reported on Friday.

The report cited unnamed executives from two Taiwanese companies: Lite-On Technology, a manufacturer of electronic parts, and Quanta Computer, a supplier of servers and data centers. Lite-On’s clients include Dell EMC, Hewlett-Packard and IBM, while Quanta counts Google and Facebook among its customers, according to Nikkei.

The executives told Nikkei that some of their American clients — without specifying which companies — asked them to move out of China partly because of cyberespionage and cybersecurity risks. The U.S. tech firms were worried that even mundane components such as power plugs could be tapped by Beijing to access sensitive data, according to the report.

Lite-On and Quanta did not immediately respond to CNBC’s requests for comment.


Company: cnbc, Activity: cnbc, Date: 2019-03-08  Authors: yen nee lee, beebright, getty images
Keywords: news, cnbc, companies, quanta, components, report, power, taiwanese, china, firms, companies, technology, fear, cords, data, plugs, using, tech, spying, executives, nikkei


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Japanese stocks partially rebound from Christmas Day rout

Japanese stocks saw gains on Wednesday following a Christmas Day plunge of both the Nikkei 225 and Topix. The Nikkei 225 gained 0.89 percent to close higher at 19,327.06, while the Topix index saw gains of 1.12 percent to finish its trading day at 1,431.47. The broader Topix index also ended more than 4.8 percent lower. The mainland Chinese markets, watched in relation to the trade spat between Beijing and Washington, slipped on the day. The Shenzhen composite also slipped 0.42 percent to close


Japanese stocks saw gains on Wednesday following a Christmas Day plunge of both the Nikkei 225 and Topix. The Nikkei 225 gained 0.89 percent to close higher at 19,327.06, while the Topix index saw gains of 1.12 percent to finish its trading day at 1,431.47. The broader Topix index also ended more than 4.8 percent lower. The mainland Chinese markets, watched in relation to the trade spat between Beijing and Washington, slipped on the day. The Shenzhen composite also slipped 0.42 percent to close
Japanese stocks partially rebound from Christmas Day rout Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-26  Authors: eustance huang
Keywords: news, cnbc, companies, partially, saw, day, nikkei, shenzhen, shares, rebound, rout, close, slipped, trading, index, christmas, topix, stocks, japanese


Japanese stocks partially rebound from Christmas Day rout

Japanese stocks saw gains on Wednesday following a Christmas Day plunge of both the Nikkei 225 and Topix.

The Nikkei 225 gained 0.89 percent to close higher at 19,327.06, while the Topix index saw gains of 1.12 percent to finish its trading day at 1,431.47. Shares of index heavyweight Fast Retailing, the company behind the Uniqlo chain of apparel stores, bucked the overall positive trend in Japan as they slipped 0.92 percent on the day.

The moves came after the share average plummeted around 5 percent on Tuesday, putting the index well into bear market territory as it was more than 20 percent off its high in October. The broader Topix index also ended more than 4.8 percent lower.

Over in South Korea, however, the Kospi slipped 1.31 percent to close at 2,028.01 as shares of industry heavyweight Samsung Electronics shed 1.16 percent.

The mainland Chinese markets, watched in relation to the trade spat between Beijing and Washington, slipped on the day. The Shanghai composite fell around 0.26 percent to close at about 2,498.29. The Shenzhen composite also slipped 0.42 percent to close at about 1,279.79, and the Shenzhen component slipped 0.584 percent to finish its trading day at around 7,289.55.

The Australian and Hong Kong stock markets were closed for a public holiday.


Company: cnbc, Activity: cnbc, Date: 2018-12-26  Authors: eustance huang
Keywords: news, cnbc, companies, partially, saw, day, nikkei, shenzhen, shares, rebound, rout, close, slipped, trading, index, christmas, topix, stocks, japanese


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Japan’s Nikkei drops 5 percent after Wall Street slide deepens

Japan’s Nikkei retreated to a 20-month low on Tuesday after a slide on Wall Street deepened with a series of unnerving U.S. political developments. The Nikkei share average ended the day down 5.01 percent at 19,155.74 after brushing 19,117.96, its lowest since late April 2017. So far this year, the Shanghai stock index is down about 24 percent. Wall Street also grappled with the U.S. federal government shutdown and reports that President Donald Trump privately discussed the possibility of firing


Japan’s Nikkei retreated to a 20-month low on Tuesday after a slide on Wall Street deepened with a series of unnerving U.S. political developments. The Nikkei share average ended the day down 5.01 percent at 19,155.74 after brushing 19,117.96, its lowest since late April 2017. So far this year, the Shanghai stock index is down about 24 percent. Wall Street also grappled with the U.S. federal government shutdown and reports that President Donald Trump privately discussed the possibility of firing
Japan’s Nikkei drops 5 percent after Wall Street slide deepens Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-25  Authors: reuters with cnbc
Keywords: news, cnbc, companies, financial, japans, deepens, shares, slide, market, nikkei, stocks, street, stock, drops, tokyo, wall, selloff, index


Japan's Nikkei drops 5 percent after Wall Street slide deepens

Japan’s Nikkei retreated to a 20-month low on Tuesday after a slide on Wall Street deepened with a series of unnerving U.S. political developments.

The Nikkei share average ended the day down 5.01 percent at 19,155.74 after brushing 19,117.96, its lowest since late April 2017. The day’s performance put the index well into bear market territory — off more than 20 percent since its October high.

Japan’s broader Topix closed 4.88 percent lower at 1,415.55 after touching 1,412.90, its weakest since November 2016.

In China, the Shanghai Index, which had fallen more than 2 percent by mid-day, recorded a slump of less than 1 percent. So far this year, the Shanghai stock index is down about 24 percent.

Those Asia moves followed Wall Street stocks extending their steep sell-off on Monday, with the S&P 500 down nearly 15 percent so far this month, as investors were rattled by the U.S. Treasury secretary’s convening of a crisis group and by other political developments.

Many financial markets in Asia, Europe and North America are closed on Tuesday for Christmas Day.

“Negative sentiment has replaced logic, as is often the case during a sell-off. A third of the selling is induced by panic, another third by loss-cutting and the remaining third by speculators trying to make a profit from the market rout,” said Takashi Hiroki, chief strategist at Monex Securities in Tokyo.

“The sell-off is triggered almost entirely by developments in the U.S. markets, rather than by negative factors unique to the domestic market.”

Treasury Secretary Steven Mnuchin called top U.S. bankers on Sunday amid the pullback in stocks and said he was calling a meeting of financial regulators to discuss ways to ensure “normal market operations.”

Wall Street also grappled with the U.S. federal government shutdown and reports that President Donald Trump privately discussed the possibility of firing the Federal Reserve chairman.

Japan’s blue chip shares fell across the board, with Toyota Motor Corp falling 5.25 percent, Sony Corp shedding 5.55 percent, Nintendo down 4.3 percent and Mitsubishi UFJ Financial Group losing 4 percent.

Defensive shares such as consumer staples, healthcare and utilities were unable to withstand the selling pressure.

Convenience store operator Familymart UNY Holdings dropped 4.1 percent, healthcare product maker Kao Cor declined 4.6 percent and Tokyo Electric Power Co Holdings retreated 3.4 percent.

All of the Tokyo Stock Exchange’s 33 subsectors were in the red, led by precision machinery and pharmaceuticals

—CNBC’s Everett Rosenfeld contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2018-12-25  Authors: reuters with cnbc
Keywords: news, cnbc, companies, financial, japans, deepens, shares, slide, market, nikkei, stocks, street, stock, drops, tokyo, wall, selloff, index


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Japan leads declines amid broad slip in Asian stocks

Stocks in Asia were broadly lower on Friday, with Japanese equities leading the fall. Shares of Japanese banks fell on the back of the Bank of Japan’s decision on Thursday to keep interest rate targets unchanged. Mitsubishi UFJ Financial Group shed 2.22 percent while Sumitomo Mitsui Financial Group dropped 2.21 percent. Japanese banks have suffered as a result of the central bank’s loose monetary policy, which has had the side effect of impacting the revenues of the country’s lenders. In Austral


Stocks in Asia were broadly lower on Friday, with Japanese equities leading the fall. Shares of Japanese banks fell on the back of the Bank of Japan’s decision on Thursday to keep interest rate targets unchanged. Mitsubishi UFJ Financial Group shed 2.22 percent while Sumitomo Mitsui Financial Group dropped 2.21 percent. Japanese banks have suffered as a result of the central bank’s loose monetary policy, which has had the side effect of impacting the revenues of the country’s lenders. In Austral
Japan leads declines amid broad slip in Asian stocks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-21  Authors: eustance huang
Keywords: news, cnbc, companies, japan, leads, fell, amid, declines, stocks, earlier, asian, banks, nikkei, japanese, broad, trading, group, lower, financial, slip, australia


Japan leads declines amid broad slip in Asian stocks

Stocks in Asia were broadly lower on Friday, with Japanese equities leading the fall.

The Nikkei 225 fell 1.11 percent on the day as it closed at 20,166.19, while the Topix index declined by 1.91 percent to finish its trading week at 1,488.19. The benchmark Nikkei 225 dropped more than 2.5 percent in the previous trading session.

Shares of Japanese banks fell on the back of the Bank of Japan’s decision on Thursday to keep interest rate targets unchanged. Mitsubishi UFJ Financial Group shed 2.22 percent while Sumitomo Mitsui Financial Group dropped 2.21 percent. Japanese banks have suffered as a result of the central bank’s loose monetary policy, which has had the side effect of impacting the revenues of the country’s lenders.

Over in South Korea, the Kospi recovered from earlier losses to close slightly higher at 2,061.49 — up 0.07 percent.

In Australia, the ASX 200 lost its earlier gains to close 0.69 percent lower at 5,467.6, with most sectors slipping. Shares of the country’s so-called Big Four banks declined, with Australia and New Zealand Banking Group, Westpac and National Australia Bank all seeing declines of at least 1 percent.


Company: cnbc, Activity: cnbc, Date: 2018-12-21  Authors: eustance huang
Keywords: news, cnbc, companies, japan, leads, fell, amid, declines, stocks, earlier, asian, banks, nikkei, japanese, broad, trading, group, lower, financial, slip, australia


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Foxconn to build $9 billion chip plant in China with local government: Nikkei

The plans to build the cutting-edge plant comes amid the trade dispute between the U.S. and China, which includes concerns about China expanding the production of microchips. Foxconn is expected to form a joint venture for the project with Japanese electronics group Sharp, which it acquired in 2016, and the Zhuhai government, Nikkei said, citing an industry source. Sharp is the only Foxconn subsidiary with experience of chip manufacturing, Nikkei said. However, the Japanese company stopped devel


The plans to build the cutting-edge plant comes amid the trade dispute between the U.S. and China, which includes concerns about China expanding the production of microchips. Foxconn is expected to form a joint venture for the project with Japanese electronics group Sharp, which it acquired in 2016, and the Zhuhai government, Nikkei said, citing an industry source. Sharp is the only Foxconn subsidiary with experience of chip manufacturing, Nikkei said. However, the Japanese company stopped devel
Foxconn to build $9 billion chip plant in China with local government: Nikkei Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-21  Authors: str, afp, getty images
Keywords: news, cnbc, companies, plant, chip, nikkei, sharp, local, company, japanese, billion, zhuhai, build, industry, foxconn, china, citing


Foxconn to build $9 billion chip plant in China with local government: Nikkei

The total investment could add up to around 60 billion yuan, or $9 billion, most of which would be shouldered by the Zhuhai government through subsidies and tax breaks, the Nikkei said, citing people familiar with the matter.

Zhuhai is a city in the southern Chinese province of Guangdong near to Macau.

The plans to build the cutting-edge plant comes amid the trade dispute between the U.S. and China, which includes concerns about China expanding the production of microchips.

Foxconn is expected to form a joint venture for the project with Japanese electronics group Sharp, which it acquired in 2016, and the Zhuhai government, Nikkei said, citing an industry source.

Sharp is the only Foxconn subsidiary with experience of chip manufacturing, Nikkei said. However, the Japanese company stopped developing semiconductor technology when it ran into financial problems in 2010.

A source close to the matter told Reuters that Sharp is not involved in the talks.

Foxconn, formally known as Hon Hai Precision Industry Co Ltd, is planning to start the construction as early as 2020, the report said.

Representatives of Foxconn were not immediately available for comment.

Foxconn, the world’s largest contract manufacturer, has been interested in the chip business, but many in the industry doubt the company has the resources to enter the field due to the high capital expenditures needed.


Company: cnbc, Activity: cnbc, Date: 2018-12-21  Authors: str, afp, getty images
Keywords: news, cnbc, companies, plant, chip, nikkei, sharp, local, company, japanese, billion, zhuhai, build, industry, foxconn, china, citing


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Hitachi to announce purchase of ABB’s power grid business: Nikkei

Hitachi and ABB will announce on Monday a plan for the Japanese conglomerate to buy the Swiss engineering group’s power grid business, paying up to $7 billion for an initial 50 percent stake, the Nikkei business daily reported. A source familiar with the situation has valued the power grid business at between $10 billion and $12 billion. Other sources have said that ABB could keep a stake in the power grid business via a joint venture with Hitachi. The Nikkei reported that the deal would see Hit


Hitachi and ABB will announce on Monday a plan for the Japanese conglomerate to buy the Swiss engineering group’s power grid business, paying up to $7 billion for an initial 50 percent stake, the Nikkei business daily reported. A source familiar with the situation has valued the power grid business at between $10 billion and $12 billion. Other sources have said that ABB could keep a stake in the power grid business via a joint venture with Hitachi. The Nikkei reported that the deal would see Hit
Hitachi to announce purchase of ABB’s power grid business: Nikkei Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-17  Authors: smith collection, gado, archive photos, getty images
Keywords: news, cnbc, companies, grid, power, abbs, announce, sell, stake, abb, purchase, nikkei, business, initial, billion, hitachi


Hitachi to announce purchase of ABB's power grid business: Nikkei

Hitachi and ABB will announce on Monday a plan for the Japanese conglomerate to buy the Swiss engineering group’s power grid business, paying up to $7 billion for an initial 50 percent stake, the Nikkei business daily reported.

The two companies, which have previously said they were in talks over the deal, will hold a news conference later on Monday, the business daily said.

The acquisition would allow Hitachi to boost its global presence in the power grid industry, while ABB, which also makes industrial robots, wants to offload its least profitable division to focus on areas such as automation.

A Hitachi spokesman declined to confirm the report, saying it was not something the company had announced.

A source familiar with the situation has valued the power grid business at between $10 billion and $12 billion.

Other sources have said that ABB could keep a stake in the power grid business via a joint venture with Hitachi.

The Nikkei reported that the deal would see Hitachi pay 600 billion-800 billion yen ($5.3 billion to $7 billion) for an initial 50 percent stake in the business.

ABB’s power grid business employs 36,000 people and had sales of $10.4 billion last year. It had an operating profit margin of 10.0 percent in the third quarter, down 60 basis points from a year earlier.

The decision to sell it marks a U-turn for ABB Chief Executive Ulrich Spiesshofer, who decided to keep the business two years ago despite calls from some shareholders to sell.


Company: cnbc, Activity: cnbc, Date: 2018-12-17  Authors: smith collection, gado, archive photos, getty images
Keywords: news, cnbc, companies, grid, power, abbs, announce, sell, stake, abb, purchase, nikkei, business, initial, billion, hitachi


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Japan’s SoftBank to replace Huawei equipment, Nikkei reports

Japanese mobile carrier SoftBank will be replacing its hardware from Chinese tech giant Huawei in its 4G telecommunications network infrastructure over the next few years — and will instead be using equipment from Ericsson and Nokia, Nikkei Asian Review reported on Thursday. SoftBank is also expected to place orders with the two European companies for its 5G networks, Nikkei reported. SoftBank is the only telecom carrier in Japan that uses Huawei equipment, according to the news outlet. The 5G n


Japanese mobile carrier SoftBank will be replacing its hardware from Chinese tech giant Huawei in its 4G telecommunications network infrastructure over the next few years — and will instead be using equipment from Ericsson and Nokia, Nikkei Asian Review reported on Thursday. SoftBank is also expected to place orders with the two European companies for its 5G networks, Nikkei reported. SoftBank is the only telecom carrier in Japan that uses Huawei equipment, according to the news outlet. The 5G n
Japan’s SoftBank to replace Huawei equipment, Nikkei reports Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-13  Authors: huileng tan, kazuhiro nogi, afp, getty images
Keywords: news, cnbc, companies, softbank, replace, reports, japans, network, huawei, telecommunications, using, reported, 5g, nikkei, carrier, equipment


Japan's SoftBank to replace Huawei equipment, Nikkei reports

Japanese mobile carrier SoftBank will be replacing its hardware from Chinese tech giant Huawei in its 4G telecommunications network infrastructure over the next few years — and will instead be using equipment from Ericsson and Nokia, Nikkei Asian Review reported on Thursday.

SoftBank is also expected to place orders with the two European companies for its 5G networks, Nikkei reported. SoftBank is the only telecom carrier in Japan that uses Huawei equipment, according to the news outlet.

The 5G network is the next telecommunications standard that facilitates quicker transfer of data, and allows more devices to connect to the internet.


Company: cnbc, Activity: cnbc, Date: 2018-12-13  Authors: huileng tan, kazuhiro nogi, afp, getty images
Keywords: news, cnbc, companies, softbank, replace, reports, japans, network, huawei, telecommunications, using, reported, 5g, nikkei, carrier, equipment


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