Kenwood shares up on talks with Matsushita on JVC
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Shares of electronics maker Kenwood Corp. &lt;6765.T&gt; jumped as much as 10 percent on Monday on news it has resumed talks with Matsushita Electric Industrial Co. Ltd. &lt;6752.T&gt; to buy a stake in JVC &lt;6792.T&gt; after a deal with private equity firm Texas Pacific...
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Japanese electronics maker Kenwood Corp.  and asset manager Sparx Group  will buy a combined stake of about 30 percent in JVC  in a $291 million deal aimed at getting the loss-making JVC off Matsushita Electric Industrial's  consolidated accounts.
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Plus: Camera sales boost Matsushita profits...Verizon sales rise, led by wireless growth...Motorola shares rise after profit beats estimates...Electronics sales push Sony to profit.
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InfoWorld - Matsushita Electric Industrial Co. (Panasonic) is refreshing its&#160;Toughbook rugged laptop PC line&#160;and aiming for a big jump in international sales of the computers over the next three years.
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Capacity at Japanese plant to increase 7.5% to meet demand from digital camera, cell phone makers. TOKYO  - Toshiba Corp.
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YouTube said it is ready to discuss copyright issues with some of Japan's largest producers of video content afterÂ they complainedÂ earlier this month about the amount of their material on the popular video Web site.
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Matsushita Electric Industrial Co. Ltd.   said on Monday it aims to mass-produce spark-resistant  batteries, eyeing a potential sales opportunity following  incidents involving rivals' battery packs.
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Shares of JVC (6792.T) dived to a  five-year low on news that Kenwood Corp. (6765.T) has resumed  talks with Matsushita Electric Industrial Co. Ltd. (6752.T) to  buy a stake in JVC, after a deal with private equity firm Texas  Pacific Group fell through.
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Panasonic brand products maker Matsushita  Electric Industrial unveiled five new DVD recorders on  Wednesday and said it was aiming to boost its share of the  domestic market to over 40 percent from around 35 percent.
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By Josh Kendrix, Appeal-Democrat, Marysville, Calif.  Jun. 21--This week started off with a somewhat alarming rumor.   The industry trade publication Broadcasting & Cable reported that NBC execs had dinner with "The Daily Show" host Jon Stewart and his agent recently.
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Japanese hi-tech giants Hitachi, Matsushita and Toshiba said Tuesday they will jointly produce large liquid crystal display (LCD) panels to help them compete more effectively in the lucrative flat-screen television market.
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Hanjin Shipping Co. Ltd (000700.KS: Quote, Profile, Research) , South Korea&#39;s biggest container shipping firm, said on Thursday it has held preliminary talks with US private equity
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(InfoWorld) - Matsushita Electric Industrial Co.Â (Panasonic) and HitachiÂ have agreed to mutually supply PDP (plasma display panel) screens to each other as part of a deal reached to help boost profits in the competitive business area. Panasonic will start to supply Hitachi with 103-inch plasma panels this year and Hitachi will supply 85-inch panels to Panasonic from 2008, they said in a statement. The deal means that each company will be able to offer TV sets in each screen size without producing both size panels themselves. The relationship should also mean a stable supply of panels. While Panasonic and Hitachi compete on the shop floor for consumer PDP TV sales they have been working together behind the scenes on PDP research, development and production since 2006. The PDP industry is coming under increasing pressure from manufacturers of competing LCD (liquid crystal display) technology and that's pushing down prices and shaving profits. Deals like that announced on Thursday are intended to help keep the business profitable. The competition is being felt through the entire PDP industry. Last week South Korea's LG Electronics said it willÂ cut back production of PDP screensÂ by closing the oldest of its three plants but not increasing production at its other two factories to compensate. As a result, monthly capacity will drop from 430,000 panels to 360,000 panels. In JanuaryÂ Pioneer put plans to build a new PDP factory on hold. It blamed poor sales in the U.S. over the year-end holidays for the decision. In the first quarter of 2007 shipments of PDP panels fell 1 percent compared to the same period last year -- the first time the industry has seen a year-on-year decline, according to DisplaySearch. The drop was attributed to a loss of market share to LCDs at screen sizes over 37 inches. Total PDP shipments in the first quarter were 2.3 million, the industry researcher said. Â
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It has been a long and tortured courtship. For years, health-care giant Johnson &amp; Johnson (JNJ ) has held on-again, off-again acquisition talks with medical-device maker Guidant (GDT ). Now Wall Street sources say the companies are talking again.
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Struggling electronics maker Victor Co. of Japan (JVC) has agreed to integrate with another Japanese high-tech firm Kenwood Corp. and create a new holding company in 2008, a press report said Saturday.
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The Yankees and Diamondbacks renewed their communication yesterday, according to an industry source, and they reiterated their mutual desire to put Randy Johnson in pinstripes in the near future.
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Matsushita Electric Industrial Co. Ltd., the maker of Panasonic brand products, reported a 5 percent rise in quarterly operating profit, driven by robust sales of flat TVs, and it kept its full-year outlook.