Reuters reported this morning that Sharp Corporation has decided to exit the TV market in North and South America. They’ve not been profitable in the TV market in years and after a $2 Billion refinance, they promised to eliminate 5,000 jobs — this was the best and easiest way to do that. Cut the department […]

Reuters is reporting that Panasonic is going to eliminate another 10,000 jobs by the end of Q1 2013. According to the Reuters story posted today, Panasonic’s Chief Finance Officer Hideaki Kawai said that the 36,000 jobs they’ve eliminated so far just weren’t enough. He told Reuters, “Our new boss has said businesses must achieve at […]

While no official announcement was yet made in the U.S., Reuters is reporting that Sony announced in Tokyo that the company will be selling the ultra-thin OLED displays by the end of this year. According to Reuters, the OLED display was the most popular attraction at a recent event. “At a display forum in Tokyo, […]

Although Matsushita has yet to confirm it, private equity firm Texas Pacific Group may have won a bid to acquire controlling interest in the JVC brand from Matsushita. JVC, founded in 1927 and developer of the first-ever VCR technology in the 1970s, will have a sale price of about $680 million. According to Reuters, “Although […]