sharp

Higher Oil Prices Send Asian Shares Up

Asian investors brushed aside worries over continuously rising Chinese inflation today, focusing instead on bargain shopping. Energy companies were a major attraction as oil prices surged. Hong Kong's Hang Seng Index climbed 1.1% and China's Shanghai Composite Index advanced 0.9%. In Japan the Nikkei 225 Index edged up 0.6%.

Sharp to Buy Solar Power Developer Recurrent Energy

Japanese electronics company Sharp is turning up the heat in the increasingly competitive solar energy market, announcing plans Wednesday to acquire solar energy producer Recurrent Energy in a cash deal worth upwards of $305 million.

Sharp to Cut LCD Production for Two Months

Japanese electronics company Sharp Corp (SHCAY) will cut its production of LCD panels as TV inventories piled up in China and the United States. The company will reduce capacity utilization at its Sakai factory by 20%-30% for as long as two months, Reuters said, citing a report in the Japanese press. The factory makes panels of 40 inches and larger.

Sharp to Launch New Smartphone With 3-D Panel

Sharp Corp. (SHCAY) plans to venture into the smartphone market with a device that has a 3-D panel. Users will not need to wear special glasses to view the panel and the new phone will probably have a 3D-enabled camera, Reuters reported.