Sharp Corp (6753.T)
TOKYO - Japan's Sharp Corp clinched a $1.7 billion bailout deal from its banks in return for a promise to cut 5,000 jobs and split off its ailing smartphone display unit, a person familiar with the deal said on Thursday.
* Deal had been delayed as Sharp resisted drastic changes (Updates after meeting with details of deal and analyst comment)
TOKYO, April 16 - Japanese stocks edged up on Thursday, as buying in oil and mining shares reversed early losses, offsetting profit-taking in recent gainers such as food stocks, while Sharp Corp surged on restructuring hopes. The Nikkei 225 ended 0.1 percent higher at 19,885.77 after trading in negative territory earlier. The broader Topix rose 0.7 percent to 1,599.42, with 2.54 billion shares changing hands, the highest level since March 27. The JPX-Nikkei Index 400 advanc
TOKYO - Japan's Sharp Corp and its main banks are set to agree on Thursday to a $1.7 billion rescue and restructuring plan that will likely include a promise to split off its ailing smartphone display business, a person involved in the discussions said.
* Sharp rises to 4-month high on restructuring hopes * Oil shares soar after oil prices rallied By Ayai Tomisawa TOKYO, April 16 - Japanese stocks slipped to more than a one-week low on Thursday morning as investors cut back on some recent outperformers including food companies and drugmakers, while Sharp Corp surged on restructuring hopes. Sharp rallied as much as 4.2 percent to a four-month high after a source said it and its main banks are to meet on Thursday to agr
TOKYO, April 16 - Sharp Corp and its main banks are to meet on Thursday to agree on a nearly $2 billion rescue and overhaul plan for the loss-making electronics maker, a person involved in the discussions said.
TOKYO, April 10 - A Japan government-backed fund won't invest in Sharp Corp's smartphone display unit without a majority stake that would allow it to merge the struggling business with rival Japan Display, people with knowledge of the matter said.
(Refiles to remove extraneous word from headline) TOKYO, April 6 - Tokyo shares fell on Monday as weak U.S. jobs data soured risk appetite, but Sharp Corp jumped after a source said it may spin off its LCD panel business and seek financing from a government-backed fund. The Nikkei 225 index ended 0.2 percent lower at 19,397.98 points. The broader Topix dropped 0.2 percent to 1,560.71, with only 1.592 billion shares changing hands, the lowest since August 2014. The J
April 6 - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
* Toshiba tumbles after saying it will appoint committee to investigate earnings * Tomony Holdings jumps after saying it considers buying MUFG affiliate By Ayai Tomisawa TOKYO, April 6 - Japan's Nikkei share average fell on Monday as weak U.S. jobs data soured sentiment, but Sharp Corp jumped after a source said it may spin off its LCD panel business and seek financing from a government-backed fund. The Nikkei 225 index dropped 0.3 percent to 19,381.15 points by mid-mo