hitachi

Why to Be Glad America Isn't Making TVs Anymore

It's hard to complain too much about how Japan "stole" the high-tech electronics business from the U.S. More accurately, they took a low-margin business off our hands. And you know what we should be saying to that? Good riddance!

Nuclear Catastrophe Sinks Japanese Shares

Japanese shares are enduring a tsunami of their own as investors pull money out of a market that is becoming more and more unstable by the day. The Nikkei 225 Index plunged 10.6%. In Hong Kong the Hang Seng Index slid 2.9% and in China the Shanghai Composite Index fell 1.4%.

Hitachi Plans IPO For Struggling Hard Drive Unit

Hitachi is preparing an IPO for its Global Storage Technologies unit, looking to finally rid itself of an unprofitable hard drive business that has been an albatross around its neck for years. In its announcement Tuesday, Hitachi said it will list the shares on either the NYSE or Nasdaq.

GE-Hitachi Nuclear: A Global Sales Push

Hitachi and General Electric's nuclear power unit will open five new sales offices around the world by the end of this year. Target markets include the U.S., Vietnam, the U.K., Spain and Poland.

Global First-Quarter PC Shipments Jump More Than 20%

Worldwide personal computer shipments increased more than 20 percent in the first three months of 2010 from the same period a year ago, a sign the PC business is on firmer ground after one of its shakiest stretches ever. The quarterly increase was higher than expected by IDC and Gartner.