Tokyo - Japan's semiconductor industry is to experience a major shake-up, as electronics companies Renesas Technology and NEC Electronics are considering to merge, a news report said Thursday.
The two companies were in talks and a deal is expected by the end of the month, the Nikkei, a business daily, reported. A merger, which is expected to go ahead by April 2010, would create Japan's largest chipmaker.
The move was to to ensure the companies' survival during the global downturn.
Singapore - Singapore is preparing to deal with casino-related offences, such as cheating and prostitution, ahead of the opening of two casino-anchored resorts, the first of which is due to open in December, media reports said Saturday.
New York, Apr. 17 : In another step in its transformation from an online jumble of amateur videos to a destination for mainstream TV programs and movies, YouTube said Thursday that it had signed deals with Hollywood studios to showcase thousands of TV episodes and hundreds of movies on its Web site.
Tokyo - Japanese electronics giant Toshiba Corp Friday revised its earnings estimate for the previous business year, now predicting a greater net loss due to a price slump in the semiconductor market and tax credit costs.
Rio de Janeiro - Brazil's government awarded the national planemaker Embraer a defence contract worth 1.4 billion dollars for developing a new military cargo plane. The KC-390 cargo plane, which is expected to have a capacity of 19 tons, is to be developed jointly with Brazil's Air Force over the next seven years to replace old Hercules-C-130 planes.
Amsterdam - Dutch electrical giant Philips announced a first quarter loss of 57 million euros (76 million dollars) on Tuesday, admitting a "further significant deterioration in our markets."The first quarter profit for 2008, by comparison, was 294 million euros.
