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Stock Market & Financial Investment News

News Breaks
January 11, 2013
06:02 EDTSHCAY, MFG, MTUJapanese banks could come to Sharp's rescue, WSJ reports
Sharp (SHCAY) are higher this morning after local reports said Japanese banks could be coming to the company's rescue, reports the Wall Street Journal. According to the report, Mizuho Corporate Bank and the Bank of Toyko-Mitsubishi UFJ (MTU) are considering providing up to Y200B worth of loans in September. Another report suggested that Sharp returned to an operating profit in the October-December quarter; Sharp denied this report. Reference Link
News For SHCAY;MTU;MFG From The Last 14 Days
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February 9, 2016
17:02 EDTMTUAES and Mitsubishi sign alliance agreement for Advancion platform
The AES , through its subsidiary, AES Energy Storage, and Mitsubishi announced the signing of an alliance agreement under which Mitsubishi will work with AES and its local partners to offer the award-winning Advancion energy storage platform in Asia and Oceania. The agreement is part of an AES initiative with select leading companies to ensure global availability of the Advancion energy storage platform.
06:28 EDTSHCAYINCJ pitches Sharp on intention for smart home-appliance giant, Bloomberg says
Innovation Network Corp. of Japan is trying to pitch Sharp's (SHCAY) board on intentions to establish a Japanese smart home-appliances giant, Bloomberg reports, citing people with knowledge of the matter. The move is an effort from the state-backed fund to convince Sharp to accept its bailout offer over a rival offer from Foxconn (HNHPF), the report says. INCJ also is preparing an offer for Toshiba's (TOSBF) white-goods business, which it would then combine with Sharp, the report says. Reference Link
February 8, 2016
18:37 EDTSHCAYINCJ ready to strike deal with Sharp if Foxconn talks fail, Nikkei says
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February 5, 2016
06:16 EDTSHCAYFoxconn CEO: Should reach Sharp deal in next 2-3 weeks, Reuters reports
Foxconn (HNHPF) should be able to reach an agreement to purchase Sharp (SHCAY) over the next 2-3 weeks, after the two companies reach a consensus on most points at a Friday meeting, Reuters reports, citing Foxconn CEO Terry Gou. Foxconn officially has been granted preferred negotiating rights, the report says, citing comments from Gou to reporters. Reference Link
February 4, 2016
19:44 EDTSHCAYSharp selects Foxconn as preferred bidder after $5.6B offer, Reuters says
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09:36 EDTMTUMitsubishi UFJ downgraded to Sell from Neutral at Citi
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09:35 EDTMFGMizuho Financial Group downgraded to Hold from Buy at Jefferies
09:35 EDTMFGMizuho Financial Group downgraded to Sell from Neutral at Citi
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06:01 EDTSHCAYSharp leaning toward acquisition offer from Foxconn, NY Times reports
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February 3, 2016
10:39 EDTSHCAYActivist fund urges Sharp to be more transparent over bailout pick, Reuters says
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February 2, 2016
16:21 EDTMTUMUFG Americas appoints C. Perretta as Chief Information & Operations Officer
MUFG announced that Christopher Perretta will join the company as Chief Information & Operations Officer for MUFG Americas Holdings Corporation and its U.S. banking subsidiary, MUFG Union Bank, effective April 1. Perretta will also serve on the company's Executive Committee for the Americas as a policy making officer. He will be based in New York and report to President and CEO for MUFG Union Bank, N.A., Stephen Cummings. Perretta most recently served as Global Head of Enterprise Data and Technology for State Street Corporation in Boston.
January 31, 2016
20:22 EDTSHCAYInnovation Network mulling solar integration of Sharp, Showa, Nikkei says
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18:39 EDTSHCAYFoxconn chairman: Sharp to decide on offer next week, Bloomberg says
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