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2010/11/28

Business News for Sunday November 28, 2010

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Sony backs off LCD production with Sharp

SAKAI, Japan (UPI) -- Sony Corp. says it has scrapped a plan to jointly produce liquid crystal display, or LCD, television panels with Sharp Corp. in Japan.

Instead, Sony will increase its procurement of low-priced panels made in Taiwan to about 50 percent of its current total supply, up from the present level of about 30 percent, The Yomiuri Shimbun reported Sunday.

The global slowdown in television sales and expectations that the yen's appreciation will be prolonged were...

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Consumer Corner: That holiday jingle

CHICAGO (UPI) -- The retail industry started the Christmas shopping season earlier than ever this year with specials appearing in July.

So how did stores boost the official 29-day shopping period? Opening up on Thanksgiving Day and moving Cyber Monday to Turkey Day itself.

For the first time, the likes of Sears opened the doors on what traditionally has been a retail holiday. It also has been holding Black Friday sales for months to get more shoppers through the doors.

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iPad cuts lead holiday tech discounts

NEW YORK (UPI) -- Apple says it has lowered the price of its popular iPad computers as technology prices remained competitive for the Christmas shopping crunch.

The price tags on all six models of the portable tablet iPad were cut by $41, making it possible to bag one for as little as $458.

The New York Daily News said Saturday that Apple was still offering 24-hour shipping for online orders and had plenty on the shelves of their stores. The price reduction was made ...

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Qantas replacing engines after explosion

SYDNEY (UPI) -- Australian airline Qantas said it was replacing 16 Rolls-Royce engines on A380 aircraft after an engine exploded Nov. 4 on a flight leaving Singapore.

"We're at the moment sourcing additional engines to re-engine those engines that are problematic on those aircraft, that may take a number of weeks," said Chief Executive Officer Alan Joyce, who flew the initial hop of a Sydney to Singapore to London flight on the first Qantas A380 to leave Sydney since the incident. <...

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