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Sony bounced back to profit last quarter and raised its full-year earnings forecast, fueled by stronger demand for its PlayStation 3 gaming consoles, personal computers and televisions.
Panasonic is planning to take 100 percent ownership of its subsidiaries Sanyo Electric and Panasonic Electric Works in a move costing up to $9.4 billion to strengthen green businesses such as electric cars and solar panels.
Asian stock markets were mixed Thursday after fresh evidence of slower U.S. growth blunted appetite for riskier assets like stocks. European shares were higher.
Hyundai Motor Co.'s second-quarter profit soared 71 percent to a record high on a double-digit jump in global sales, including strong performance in the United States, China and emerging markets.
Nissan Motor Co. veered back into the black in its latest quarter as global car sales rebounded while its smaller rival Mitsubishi Motors Corp. narrowed its quarterly loss.
PHOENIX (Reuters) - A U.S. judge on Wednesday blocked key parts of Arizona's tough new immigration law hours before it was to take effect, handing a victory to the Obama administration as it tries to take control of the issue.
HOUSTON/MIAMI (Reuters) - BP Plc may permanently shut the well that caused the worst off-shore oil spill in U.S. history as early as Monday, the company said as speculation grew over assets it might sell to cover mounting costs.
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