Mayumi's Feed
May 25, 2011

Japan’s Softbank to join solar power drive

TOKYO (Reuters) – Softbank Corp, Japan’s third-largest mobile phone operator, will help build about a dozen large solar power plants across the country and is willing to commit hundreds of millions of dollars in investment to boost a lagging renewable energy sector.

The company’s billionaire president, Masayoshi Son, has become a prominent advocate of alternative energy during a two month nuclear crisis in quake-hit northeast Japan, but insisted his new project would not lessen Softbank’s focus on telecommunications.

May 24, 2011

Sony shares rebound on forecast; more hacking emerges

TOKYO (Reuters) – Sony Corp bounced from two-month lows after the electronics conglomerate said this year’s operating profit would match last year’s, easing worries about the impact of the March earthquake.

In its first estimate for the year to March 2012, Sony said operating profit would come in around 200 billion yen (1.5 billion pounds), prompting Macquarie to upgrade its rating on the stock to outperform from neutral. Morgan Stanley, Credit Suisse and UBS reiterated their overweight, buy or outperform ratings.

May 24, 2011

Hackers hit Sony websites in 3 countries

TOKYO (Reuters) – Sony Corp bounced from two-month lows after the electronics conglomerate said this year’s operating profit would match last year’s, easing worries about the impact of the March earthquake.

In its first estimate for the year to March 2012, Sony said operating profit would come in around 200 billion yen ($2.44 billion), prompting Macquarie to upgrade its rating on the stock to outperform from neutral. Morgan Stanley, Credit Suisse and UBS reiterated their overweight, buy or outperform ratings.

May 24, 2011

Sony shares rise 2 percent on relief worst might be over

TOKYO (Reuters) – Sony Corp (6758.T: Quote, Profile, Research, Stock Buzz) bounced from two-month lows on expectations it might have put its troubles behind it after the electronics conglomerate said this year’s operating profit would match last year’s, easing worries about the impact of the March earthquake.

In its first estimate for the year to March 2012, Sony said its operating profit would come in around 200 billion yen ($2.44 billion), prompting Macquarie to upgrade its rating on the stock to outperform from neutral. Morgan Stanley, Credit Suisse and UBS reiterated their overweight, buy or outperform ratings.

May 17, 2011

Q+A: What’s going on at Japan’s damaged nuclear power plant?

TOKYO (Reuters) – Japanese engineers are trying to gain control of the Fukushima Daiichi nuclear power plant, 240 km (150 miles) north of Tokyo, which was crippled by the huge March 11 earthquake and tsunami.

Radiation continues to seep into the sea and the air, although at far lower levels than at the peak of the crisis in mid-March.

May 12, 2011

Elpida posts loss, hones capex with eye on tablets

TOKYO, May 12 (Reuters) – Elpida Memory Inc, the world’s
No.3 maker of DRAM chips, tumbled to a quarterly operating loss
on weak demand and power outages in the wake of a massive
earthquake, and said it would slash capital spending.

Japan’s sole maker of dynamic random access
memory, faced with slumping demand for PC memory chips, has been
focusing its funds on memory for smartphones, tablet PCs and
power-efficient servers for cloud computing.

May 12, 2011

Elpida falls to Q4 loss, to lower capex

TOKYO, May 12 (Reuters) – Japan’s Elpida Memory Inc
, the world’s No.3 maker of DRAM chips, tumbled to a
quarterly operating loss on weakening demand, rapid price falls
and a strong yen, and said it would reduce capital spending.

The world’s No.3 maker of dynamic random access memory has
been scrambling to secure supplies of silicon wafers, after a
magnitude 9.0 earthquake and ensuing tsunami in March crippled a
factory run by major supplier Shin-Etsu Chemical Co .

May 12, 2011

Elpida falls to qtrly loss, to trim capex

TOKYO, May 12 (Reuters) – Japan’s Elpida Memory Inc
, the world’s No.3 maker of DRAM, tumbled to a quarterly
operating loss on slipping demand, rapid price falls and a
strong yen, and said that it would trim capital spending.

The world’s No.3 maker of dynamic random access memory has
been scrambling to secure supplies of key silicon wafers, after
a magnitude 9.0 earthquake and ensuing tsunami crippled a
factory run by supplier Shin-Etsu Chemical Co’s .

May 6, 2011

Q+A-Health risk from troubled Japan nuclear plant

TOKYO, May 6 (Reuters) – Radioactive substances have been
leaking from Japan’s tsunami-damaged Fukushima Daiichi nuclear
plant for nearly two months, and the plant is likely to continue
emitting radiation into the atmosphere, and possibly into the
ocean and ground water, for many months to come.

People living within a 20 km (12 mile) radius of the plant
have been evacuated, while those in five towns downwind from the
plants have also been told to prepare to leave their homes.

May 6, 2011

Q+A-Health risk from troubled Japan nuclear plant

TOKYO, May 6 (Reuters) – Radioactive substances have been
leaking from Japan’s tsunami-damaged Fukushima Daiichi nuclear
plant for nearly two months, and the plant is likely to continue
emitting radiation into the atmosphere, and possibly into the
ocean and ground water, for many months to come.

People living within a 20 km (12 mile) radius of the plant
have been evacuated, while those in five towns downwind from the
plants have also been told to prepare to leave their homes.