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Stock Market & Financial Investment News

News Breaks
January 11, 2013
06:02 EDTSHCAY, MTU, MFGJapanese 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
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