News Column

Kyodo news summary -2-

February 26, 2014

TOKYO, Feb. 27 -- (Kyodo) _ ---------- Tokyo stocks inch down in morning in quiet trading

TOKYO - Tokyo stocks fell slightly Thursday morning in quiet trading as market players locked in recent gains amid a lack of fresh major market-moving incentives.

The 225-issue Nikkei Stock Average went down 9.04 points, or 0.06 percent, from Wednesday to 14,961.93. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 3.00 points, or 0.24 percent, to 1,222.35.

---------- Qantas announces heavy losses, plans to axe over 5,000 jobs

SYDNEY - Australia's largest airline Qantas announced heavy losses Thursday and said it plans to cut around 5,000 jobs and sell or defer purchases of more than 50 aircraft in a bid to reduce costs by A$2 billion (US$1.78 billion) over three years.

In a statement, Qantas said it recorded a pre-tax loss of A$252 million in the second half of last year, which was in line with the company's forecasts announced late last year.

---------- Fujitsu to withdraw from smartphone semiconductor business

TOKYO - Fujitsu Ltd. has decided to withdraw from semiconductor development business for smartphones, in which it was engaged together with NTT Docomo Inc. and NEC Corp., Fujitsu sources said Thursday.

The company has found it difficult to compete with its foreign rivals due to its failure to develop a high-performance product at a low cost.

---------- Police caution 158 minors for offering dating, underwear online

TOKYO - Police admonished 158 teenagers last year for trying to date for money and selling underwear over the Internet, the National Police Agency said Thursday.

Under the so-called cyber guidance program targeting those under 18, police officers make contact online with minors without revealing their identity and caution them after they meet them in person.

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Source: Japan Economic Newswire

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