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Rochester bags $600 million hub for photonics R&D

Jul 28, 2015

Rochester bags $600 million hub for photonics R&D

Rochester, whose fortunes have risen and fallen with the demand for futuristic technologies from former powerhouses like Xerox and Kodak, is looking for its next big breakthrough in the field of integrated photonics, a light science with the potential to transform communications, medicine and ...

Retailers benefiting from fierce heat

Jul 27, 2015

Retailers benefiting from fierce heat

The recent string of extremely hot days, with temperatures topping 35 degrees in many locations, has boosted sales of summer goods, including sunscreen and frozen treats. Knowing a good thing when they see it, many retailers have switched their focus to summer hot-sellers. Drugstore ...

Jul 27, 2015

Canon profit tumbles 20.5% on weak camera demand

Canon Inc. said Monday that its net profit fell 20.5 percent in the first six months of the year as smartphones increasingly take a bite out of demand for digital cameras. The photography and office equipment giant reported a ¥102.13 billion ($830 million) profit ...

Mitsubishi Tanabe Pharma to revamp drug development divisions

Jul 27, 2015

Mitsubishi Tanabe Pharma to revamp drug development divisions

Mitsubishi Tanabe Pharma Corp. said Monday it will reorganize its three drug development-related divisions on Oct. 1 to speed up new drug launches. Specifically, the company’s three divisions — basic research, clinical trials and quality control — will be reorganized into two divisions. Of ...

Mitsubishi Motors to shutter U.S. plant if no buyers found

Jul 27, 2015

Mitsubishi Motors to shutter U.S. plant if no buyers found

Mitsubishi Motors Corp. will stop making vehicles in the United States this year and will close down its plant in Illinois if no buyers are found. The automaker officially announced Monday it will cease producing the Outlander Sport at the Bloomington-Normal plant at the ...

Kansai Electric eyes joint procurement with four other utilities

Jul 27, 2015

Kansai Electric eyes joint procurement with four other utilities

Kansai Electric Power Co. and four other regional utilities are planning to jointly purchase equipment as part of cost-cutting efforts, industry sources said Monday. The tie-up between Kansai Electric, Chugoku Electric Power Co., Kyushu Electric Power Co., Shikoku Electric Power Co. and Hokuriku Electric ...

| Jul 27, 2015

Nikkei falls on overseas uncertainty

Stocks plunged Monday, weighed down by growing uncertainty over the course of the U.S. and Chinese economies. The Nikkei 225 average fell 194.43 points, or 0.95 percent, to end at 20,350.10. On Friday, the key market gauge lost 139.42 points. The Topix closed down ...