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Toyota recalls 1.9 mln Prius cars worldwide

2014-02-12 13:46:47| Automakers - Topix.net

Toyota on Wednesday announced a global recall of 1.9 million Prius hybrid cars because of a fault that could cause the vehicle to slow down suddenly, in the latest safety blow to the Japanese auto giant.

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Claro slapped with USD 138.5 mln fine in Ecuador

2014-02-10 12:17:00| Telecompaper Headlines

(Telecompaper) Ecuador's anti-monopoly watchdog Superintendencia de Control del Poder de Mercado (SCPM) has fined Consorcio Ecuatoriano de Telecomunicaciones Conecel, a unit of America Movil, USD 138.5 million for abuse of market power. Conecel operates on the local market under the Claro brand name. Claro currently holds a share of 67 percent of the local mobile market, serving nearly 15.5 million customers, El Nuevo Herald reports. The fine is equal to 10 percent of Claro's revenues in 2012, SCPM said.

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ARM Q4 revenues advance 15% to GBP 189 mln

2014-02-04 09:24:00| Telecompaper Headlines

(Telecompaper) ARM Holdings presented fourth quarter revenues up 15 percent from the year before to GBP 189.1 million. Technology Licensing revenue rose 28 percent to GBP 80.2 million, with Processor Licensing revenue up 27 percent to GBP 67.7 million and Physical IP revenue up 29 percent to GBP 12.5 million. Normalised profit before tax lifted 19 percent to GBP 95.5 million while earnings per share advanced 30 percent to 5.3 pence. IFRS profit before tax sank 79 percent as a result of an exceptional charge, with the IFRS loss per share at 0.4 pence compared to EPS at 3.0 pence the year earlier. The company increased its full year 2013 dividend by 27 percent to 5.7 pence. ARM signed 26 processor licences for a broad range of applications from smartphones and mobile computers to medical devices, wearables and the Internet of Things, one ARMv8 architecture licence and two ARMv8 processor licenses. Shipments of chips based on ARM processor technology reached 2.9 billion in the quarter, up 16 percent year-on-year. ARM said it was entering the new year with a strong opening order backlog and a healthy pipeline of licensing opportunities. The company's full year processor royalty revenue grew faster than the overall semiconductor industry (+18 percentage points), dampened by slower sales of chips for high-end smartphones in the second half. Despite slower growth in one end market, the company expects FY 2014 processor royalty revenues to grow at a similar rate to that reported over the last three years.

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Mitsubishi Corp in final talks to buy Tokyo Ralph Lauren building for $342 mln -sources

2014-01-30 11:27:19| Food - Topix.net

Japan's Mitsubishi Corp is in final talks to buy the building rented by luxury retailer Ralph Lauren Corp for its flagship store in Tokyo's posh Omotesando area for about 35 billion yen , three people with knowledge of the deal said.

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Mitsubishi Corp in final talks to buy Tokyo Ralph Lauren building for $342 mln -sources

2014-01-30 10:17:39| Grocery - Topix.net

Japan's Mitsubishi Corp is in final talks to buy the building rented by luxury retailer Ralph Lauren Corp for its flagship store in Tokyo's posh Omotesando area for about 35 billion yen , three people with knowledge of the deal said.

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