Toshiba returns to the black in April-June quarter

TOKYO — Toshiba Corp. returned to the black last quarter thanks to a recovery in global demand for flash memory chips used in smartphones and digital cameras.
The Japanese conglomerate — whose vast business ranges from household appliances to nuclear power systems — said Thursday its net profit was … Read this article on Gaea Times at : Toshiba returns to the black in April-June quarter on brisk global demand for memory chips.

Taiwan chipmaker TSMC says profit up 65 percent

TAIPEI, Taiwan — Taiwan Semiconductor Manufacturing Co., the world’s largest contract chipmaker, said its second quarter profit jumped 65 percent year-on-year amid strong worldwide demand for electronic goods.
Net profit for the April-June period was a record 40.3 billion New Taiwan dollars ($1.3 billion) on consolidated revenue of NT$105 …. Read the original article  : here.

France Telecom first half net profit up 45 pct

PARIS — France Telecom SA said Thursday that first half net profit rose 45 percent due to a one-off gain, although revenue and margins were eroded by regulatory costs and competition in the home market in France.
Net profit in the six months to the end of June … Read more >>.

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Panasonic buying out Sanyo, Panasonic Electric
TOKYO — 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.
Panasonic Corp., Japan’s biggest consumer electronics maker, said in a statement … Original source on Gaea Times at : Panasonic plans to buy out subsidiaries Sanyo, Panasonic Electric under $9.4B green initiative.

BSkyB Q4 net profit up nearly fourfold
LONDON — British Sky Broadcasting’s profit nearly quadrupled in its fourth quarter, the satellite broadcaster said Thursday as it announced an exclusive deal to carry new Home Box Office programming in the U.K.

BSkyB reported a profit of 336 million pounds ($525 million) in the three months ending June 30, …. Source article  : BSkyB Q4 net profit up nearly fourfold, announces deal to carry HBO programs.

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Playstation, TVs boost Sony to $294 million profit
TOKYO — 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.
The Tokyo-based electronics and entertainment giant said Thursday it booked a net profit of 25.7 billion yen — … Read more : PlayStation and TVs drive Sony back to black in April-June quarter.

WikiLeaks fallout: Tighter access to US secrets?

WASHINGTON — Call it the big information chill, looming across the military and intelligence communities. After the massive Afghan war data spill by WikiLeaks, some veteran intelligence officers and experts are calling for a tightening of access to information and more monitoring in the spy community’s lower levels.
They’re blaming … Read more >>.

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Softbank profits fall in April-June on heavy taxes
TOKYO — Softbank Corp., which runs the only Japanese mobile carrier to offer the iPhone and iPad, said Thursday that its businesses prospered during the April-June quarter, but net profit fell 29 percent as it booked large tax expenses.
The Tokyo-based Internet and communications conglomerate said it …. Original source  : Japan iPhone carrier Softbank says business soared in April-June but profits fell due to taxes.

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Indian outsourcer HCL quarterly profit up 6.9 pct
MUMBAI, India — Indian outsourcer HCL Technologies Ltd. said quarterly profit grew 6.9 percent in dollar terms, beating expectations on strong global demand for software services despite weaker European currencies and rising staff costs.
A war for talent among India’s outsourcers is pinching margins as companies offer … Read this article on Gaea Times at : Indian outsourcer HCL Technologies quarterly profit up 6.9 percent to $74M on strong demand.