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Sony's Stock Recovers Morning Losses, Co. Confirms Suspension In Certain Operations Following Earthquakes
Monday, April 18, 2016 - 10:14am | 249Shares of Sony Corp (ADR) (NYSE: SNE) opened for trading on Monday at $25.52 and hit an intra-day low of $25.45 shortly after the opening bell. However, the stock recovered a lot of its losses within 30 minutes and was last seen trading at $26.31, down 1.3 percent on the day. Investors and...
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Toyota Expects to Return to Normal Production by End of 2011 (TM)
Friday, April 22, 2011 - 6:14am | 203Toyota Motor Corporation (NYSE: TM) announced Friday that global production will begin to ramp up as soon as July in Japan and August in North America, with all models back to normal production by the end of 2011. The automobile manufacturer was hit hard by the earthquake and tsunami that severely...
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Citing Devastating Earthquake, Japan Cuts Economic Outlook
Wednesday, April 13, 2011 - 5:14am | 245Japan cuts its economic outlook on Wednesday, citing the terrible earthquake and tsunami that hit the region on March 11. Costs for the disaster have ranged as high as $300 billion, which would make it the most expensive in recorded history. "The effects of the earthquake will be temporary. It...
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Japan's Nuclear Disaster Rating Raised to Highest Level
Tuesday, April 12, 2011 - 12:27am | 217Japan raised the severity of its nuclear disaster to the highest level on an internationally-recognized scale Tuesday, as the aftereffects of the devastating earthquake and tsunami continue. Japan's Fukushima Daiichi nuclear plant now stands at a 7-rating on the scale, which stands at 5. A level 7...
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Terror Continues: Japan Hit With Another Earthquake Monday
Monday, April 11, 2011 - 5:52am | 193The aftershocks continued in Japan on Monday, as an earthquake with a preliminary magnitude of 7.1 hit near Tokyo. An advisory for a one-meter tsunami was issued after the quake. Japan's economy and infrastructure have been overwhelmed since the first March earthquake and tsunami, which killed...
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Toyota Motor To Resume Production at Half Capacity (TM)
Friday, April 8, 2011 - 6:35am | 185Toyota Motor Corporation (NYSE: TM) said Friday that it will resume car production at all of its Japanese plants from April 18 to 27 at half capacity. Multiple earthquakes in the country have devastated numerous companies, and forced many to alter supply chains to accommodate. Thursday registered...
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Japan's Economy is in 'Severe' Condition Following Devastating Earthquake
Friday, April 8, 2011 - 5:17am | 200Japan's economy is in "severe" condition following last month's earthquake and ensuing tsunami, the government said on Friday. "Japan's economy is suddenly in a severe condition due to the effects of the earthquake," the Cabinet Office said after the release of its March survey of workers....
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Japanese Officials Warn Global Markets on Yen (FXY)
Tuesday, March 22, 2011 - 6:48am | 215Japanese Officials Warn Global Markets on Yen (FXY) Japanese officials warned markets Tuesday that Tokyo was keeping a close eye on the Yen currency, and would act together with its Group of 7 partners if necessary. The Yen is flat against the dollar this morning, trading at 81.11. The Yen has...