News Headline Summary

Pre-market Japanese stock news...

Sharp (6753 JT)
- Co. is considering asking Lixil Group Corp. (5938 JT) and Makita Corp. (6586 JT) to invest JPY 10 bln each to help shore up its battered finances. (Nikkei)
- Co. Q1 operating loss JPY 7bln-8bln. (Sankei)
- Co. is considering JPY 90bln public offering by end-Sept. (Kyodo)

Hitachi (6501 JT)
- Co. wins a GBP 1.2bln east coast train order. (Newswires)

Yamato Holdings Co. (9064 JT)
- Co. plans to offer delivery services for makers of information technology and precision equipment and components in China. (Nikkei)

Nippon Telegraph And Telephone Corp. (9432 JT) and Fujitsu Ltd. (6702 JT)
- Co.’s are to cooperate on the development of video compression chips for next-generation television broadcasting systems. (Nikkei)

Yamada Denki Co. (9831 JT)
- Co. will start selling 3D Systems' 3D printers early next month. (Nikkei)

Aeon Co. (8267 JT)
- Co, plans to set up an additional 1,000 or so electric vehicle charging stations at its malls and supermarkets across Japan by the end of next fiscal year. (Nikkei)

Orix Corp. (8591 JT) and Chubu Electric Power Co. (9502 JT)
Co.s are among the foreign firms pursuing power plant projects in the Philippines, where headlong economic growth is pushing up energy demand. (Nikkei)

Softbank (9984 JT)
- Moody’s followed S&P cut to junk. (Newswires)
- Co. plans USD 16bln capex at Sprint. (Newswires)

Toshiba (6502 JT)
- Co. is near agreement on Westinghouse stake sale, according to Co. board vice chairman. (Newswires)

Toyota (7203 JT)
- Co. sudden-acceleration settlement has been tentatively approved by a US US judge, which is valued at USD 1.63bln by plaintiff lawyers. (Newswires)

Telecommunications Industry
- The Communications Ministry will reduce the fees levied on mobile carriers for use of radio bandwidth starting next fiscal year by acknowledging that they provide a public service. (Nikkei)

Broker moves
- Panasonic (6752 JT) raised to buy from hold at Deutsche Bank.

18 Jul 2013 - 17:52 - - Source: Newswires/Nikkei/Kyodo/Sankei

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