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Mar 11, 2011

Japan super quake, tsunami terrify tremor-prone nation

TOKYO (Reuters) – Even in a nation accustomed to tremors, the devastation wrought by Friday’s massive earthquake in Japan, and the tsunami it triggered, was shocking.

The magnitude 8.9 quake, the most powerful since Japan started keeping records nearly a century and a half ago, split highways, flattened buildings and ignited fires all over the northeastern Pacific coast.

Mar 11, 2011

Huge tsunami slams coastal Japan after quake

TOKYO (Reuters) – The biggest earthquake to hit Japan in 140 years struck the northeast coast on Friday, triggering a 10-meter tsunami that swept away everything in its path, including houses, cars and farm buildings on fire, media and witnesses said.

At least one person was killed in Fukushima prefecture, north of Tokyo where four million homes were without power. The 8.9 magnitude quake caused many injuries, public broadcaster NHK said, sparked fires and the wall of water, prompting warnings to people to move to higher ground in coastal areas.

Mar 11, 2011

Huge tsunami slams coastal Japan after 8.9 magnitude quake

TOKYO, March 11 (Reuters) – The biggest earthquake to hit
Japan in 140 years struck the northeast coast on Friday,
triggering a 10-metre tsunami that swept away everything in its
path, including houses, cars and farm buildings on fire, media
and witnesses said.

At least one person was killed in Fukushima prefecture, north
of Tokyo where four million homes were without power. The 8.9
magnitude quake caused many injuries, public broadcaster NHK
said, sparked fires and the wall of water, prompting warnings to
people to move to higher ground in coastal areas.

Mar 11, 2011

Huge tsunami slams coastal Japan after 8.9 magnitude

TOKYO (Reuters) – A massive 8.9 magnitude quake hit northeast Japan Friday, triggering a 10-metre tsunami that swept away everything in its path, including houses, cars, farm buildings on fire and boats, media and witnesses said.

At least one person was killed in Fukushima prefecture, north of Tokyo where four million homes were without power. The quake caused many injuries, fires and a wall of water across the coast, prompting warnings to people to move to higher ground.

Mar 11, 2011

Huge Japan quake causes tsunami, fires, landslide

TOKYO (Reuters) – A massive 8.9 magnitude quake hit northeast Japan Friday, causing many injuries, fires and a four-meter (13-ft) tsunami along parts of the country’s coastline, NHK television and witnesses reported.

There were several strong aftershocks and a warning of a 10-meter tsunami following the quake, which also caused buildings to shake violently in the capital Tokyo.

Feb 9, 2011

Asahi Glass takes on Corning in tough-glass market

TOKYO, Feb 9 (Reuters) – Japan’s Asahi Glass (5201.T: Quote, Profile, Research, Stock Buzz) said it
would spend $240 million on a new speciality glass furnace, as it
looks to take on Corning (GLW.N: Quote, Profile, Research, Stock Buzz) in the fast-growing market for
super-tough cover glass used in smartphones and tablet PCs.

Market leader Corning and Asahi are anticipating explosive
growth in demand for cover glass, which helps prevent damage to
touchpanels when dropped and scraped, as sales of tablet PCs and
smartphones boom in the next few years.

Feb 8, 2011

Elpida gets green light for $150 mln Taiwan listing

TOKYO, Feb 8 (Reuters) – Japan’s Elpida Memory (6665.T: Quote, Profile, Research, Stock Buzz) said
it received approval to list its stock in Taiwan this month and
would raise about $150 million as it scrambles to keep up with
larger rivals in the development of advanced PC memory chips.

Elpida, the world’s No. 3 maker of dynamic random access
memory chips (DRAM) after Samsung Electronics (005930.KS: Quote, Profile, Research, Stock Buzz) and
Hynix Semiconductor (000660.KS: Quote, Profile, Research, Stock Buzz), said it would list depositary
receipts on the Taiwan Stock Exchange on February 25.

Feb 3, 2011

Hitachi posts jump in Q3 profit, lifts forecast

TOKYO (Reuters) – Hitachi Ltd (6501.T: Quote, Profile, Research, Stock Buzz) recorded a near doubling of quarterly operating profit as it cut costs and boosted sales in emerging economies, and raised its annual outlook for the second time to above market expectations.

The result marked the electronics conglomerate’s sixth straight quarterly operating profit, as it battles back from one of the biggest losses in Japanese corporate history reported only two years ago under the weight of a high-cost structure and lack of operational focus.

Jan 26, 2011

Toyota recalls 1.7 million autos as quality woes mount

TOKYO (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research) (TM.N: Quote, Profile, Research) said it would recall more than 1.7 million vehicles worldwide, bringing its total for recalls to nearly 16 million since late 2009 and dealing a blow to its efforts to restore its reputation for quality.

The recalls are for various issues, the biggest of which is to fix potentially faulty fuel pumps and connecting pipes in 1.34 million vehicles, Toyota said.

Jan 26, 2011

Toyota recalls 1.7 million vehicles as quality woes mount

TOKYO (Reuters) – Toyota Motor Corp said it would recall more than 1.7 million vehicles worldwide, bringing its total for recalls to nearly 16 million since late 2009 and dealing a blow to its efforts to restore its reputation for quality.

Although the situation is different from last year, when Toyota attracted intense scrutiny from U.S. safety regulators over unintended acceleration problems that were blamed for dozens of fatalities, the latest recall may make it harder for Toyota to convince investors it has put its quality problems behind it.