News
Panasonic yet to decide on Sanyo, PEW buy-out
LOS ANGELES (MarketWatch) — Panasonic Corp.
Amazon announces new Kindle models for August
LOS ANGELES (MarketWatch) — Amazon.com Inc. announced Wednesday a new-generation model of its Kindle e-reader device, as well as a cheaper “Kindle Wi-Fi” version. The Internet retailer said the new version of the Kindle will sell for $189 and have “a 21% smaller body while still keeping the same 6-inch-size reading area, and a 15% lighter weight.” It also said the new model has faster page-turns and double the memory of the current version.
Australian shares fall as banks weaken
TOKYO (MarketWatch) — Australian shares were down in early trading Thursday, after four gaining sessions, as investors took profits on recently buoyant bank shares. The benchmark S&P/ASX 200 index was down 0.3% at 4516.10. Australia & New Zealand Banking Group , Westpac Banking Corp.
Japanese shares fall on retailer weakness
LOS ANGELES (MarketWatch) — Japanese shares opened lower Thursday, as retailers pushed lower and Wall Street losses weighed on the broader market. In early moves, the Nikkei Average lost 0.9% to trade at 9,666.7, while the Topix fell 0.5% to 861.1. Major retailers’ share retreated, as data released before the open showed large-scale retail store sales falling in June despite a 3.2% rise in overall sales.
Japan’s Renesas reportedly to cut 10% of workforce
SAN FRANCISCO (MarketWatch) — Renesas Electronics Corp. is cutting nearly 10% of its 50,000 employees by the end of the year as it outsources production, according to a report Thursday
CVS gets 12-year contract with Aetna
LOS ANGELES (MarketWatch) — Aetna Inc. and CVS Caremark Corp.
Aetna posts profit rise, lifts outlook
LOS ANGELES (MarketWatch) — Aetna Inc. said late Tuesday its second-quarter profit totaled $491 million, or $1.14 a share, from $347 million, or 77 cents a share, in the same quarter a year before. Analysts had expected earnings on average of 73 cents a share on sales of $8.4 billion, according to a FactSet Research survey.
Hong Kong range-bound, as HSBC up, oil stocks down
HONG KONG (MarketWatch) — Hong Kong shares traded sideways in choppy, rangebound action early Wednesday after rising in the previous six sessions. Investors locked in recent profits in energy producers and property developers, although heavyweight HSBC Holdings PLC advanced to support the market
Australian shares rise, led by financials
TOKYO (MarketWatch) — Australian shares were higher in early trading Wednesday, led by the financial sector and some resource issues. The benchmark S&P/ASX 200 index was up 0.3% at 4508.70.
Japanese shares jump as yen moves back down
LOS ANGELES (MarketWatch) — Japanese shares opened solidly higher Wednesday, shrugging off a mixed lead from Wall Street and instead focusing on renewed weakness in the yen. In the early minutes of trading, the Nikkei Stock Average gained 1.6% to 9,644.8, while the Topix rose 1.4% to 857.6, as the U.S. dollar rose to 87.80 yen after trading in the 86 yen level the previous day








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