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Moody's downgrades troubled Sharp's ratings

(AP)—Moody's Investors Service has downgraded Sharp's short-term ratings to the lowest "Not Prime" category, citing the Japanese electronics maker's debts and price drops in its main product, liquid-crystal displays.

Sharp shares jump on asset sale, investment reports

Sharp Corp. shares jumped on Friday after a frenzy of reports said the troubled Japanese consumer electronics giant would sell key operations -- and court new investment -- as it struggles to survive.

Panasonic loss balloons for record red ink

(AP) -- Panasonic's January-March losses ballooned 10-fold to 438 billion yen ($5 billion), completing a year of record red ink at the Japanese electronics maker battered by natural disasters and an ailing TV business.

Sony reports record annual loss

(AP) -- Sony Corp. racked up a record annual loss of 457 billion yen ($5.7 billion) in its fourth straight year of red ink as the once-glorious maker of the Walkman and PlayStation struggles toward a turnaround under a new ...

Vacuum robot is trilingual, knows witty dialect

(AP) -- It looks just like iRobot's Roomba vacuuming machine, except the new circular roaming vacuum cleaner from Sharp Corp. is trilingual, and even knows a hip humorous dialect.

S. Korea's Hynix bids for Japan's Elpida

SK Hynix, the world's second largest microchip maker, said Friday it has submitted a preliminary bid for its struggling Japanese rival Elpida Memory.

Hon Hai buying 10 percent stake in Sharp for $806M

(AP) -- Taiwan electronics manufacturer Hon Hai Precision Industry Co. is taking a 10 percent stake in struggling Japanese electronics company Sharp Corp. for about $806 million.

Japanese chipmaker Elpida files for bankruptcy

(AP) -- Computer chipmaker Elpida Memory Inc. filed for Japan's largest manufacturing bankruptcy Monday after amassing debts from nose-diving prices, competition from Samsung and flooding in Thailand last year that stifled ...

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