Panasonic Corp plans to sell its Sanyo television unit in the U.S., which supplies sets to Wal-Mart Stores, to Funai Electric as it steps back from unprofitable businesses, the Nihon Keizai newspaper reported.
Regions
Gulf states need to reform spending as oil price slips: Kuwait
Gulf Arab oil exporters will have to reform their state spending and make cuts in some areas because of weak oil prices, Kuwaiti Finance Minister Anas al-Saleh said on Saturday.
Lantern gets early funding for mental health therapy app
Lantern, a technology startup that offers online and mobile coaching programs to support mental health, has won early backing for its service.
U.S. TV startup Roku to confidentially file for IPO
U.S. TV startup Roku Inc is working on plans to confidentially file for an initial public offering, the Wall Street Journal reported, citing people familiar with the matter.
South Korea fund to abstain from Samsung merger vote, wants share buybacks
South Korea's National Pension Service does not support the merger of two Samsung Group units and plans to ask them to buy back its holdings in the pair, an NPS spokeswoman said on Saturday.
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Amgen Inc (AMGN.O), one of the world's largest biotechnology companies, will unveil next week its first strategy update since early 2013, but few expect a major shift like the split-up recently proposed by Daniel Loeb's Third Point hedge fund.
A proposal to prohibit the Swiss National Bank from selling any of its gold reserves has the support of 44 percent of the public, a closely watched survey showed on Friday, though that result falls short of the backing it needs to pass into law.
India's Finance Minister Arun Jaitley favors a cut in interest rates to trigger demand in the construction sector, a newspaper report said on Saturday, but the central bank has signal it will not ease policy until it is confident of lower inflation.
The French-German consortium Areva-Siemens (AREVA.PA)(SIEGn.DE), the supplier of Finland's much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO), TVO said late on Friday.
Italian lawmakers have put forward a proposal for free Wi-Fi in thousands of public places to bridge a gap with other European countries in broadband penetration, e-government and other digital services that is dragging on the economy.
Jim Tully's hours-long walks to and from work in the Pocono Mountains, where he has been repeatedly stopped by police in a case of mistaken identity in the manhunt for a Pennsylvania cop killer, may be coming to an end.
Growth in China's auto market, the world's biggest, will halve to 7 percent this year weighed down by a slowing economy, the head of an industry body said on Saturday.
Amazon.com Inc's (AMZN.O) once fairy-tale ride on Wall Street has hit its most jarring bump yet. The company that for years enthralled investors with improbable growth and earned one of the technology sector's highest valuations drew widespread ire after a spectacular results letdown on Thursday.
Japan's cabinet approved changes on Friday to a 66-year-old law that bans late-night dancing in clubs, a decision that will help businesses cash in on an expected influx of tourists ahead of the 2020 Tokyo Olympics.
