Bridgestone to shut unit due to bribes

Article Abstract:

Japan's Bridgestone Corp. will withdraw from the $140 mil marine hose market after an investigation determined that overseas subsidiaries had paid up to $1.4 mil in fees to middlemen in Southeast Asia and Latin America to sell the hoses, knowing that the fees might be used as bribes to officials.

Plant shutdown, Tires and inner tubes, Bribery, Tire industry, Bridgestone Corp., Facility closures

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Fujitsu says unit booked bogus sales

Article Abstract:

Software consulting firm Fujitsu Kansai Systems Ltd., a subsidiary of Fujitsu Ltd., is being investigated for posting fictitious sales. The news caused Fujitsu shares to drop by $6.77; the impact on investor confidence in Japan's accounting standards is discussed.

Prepackaged software, ELECTRONIC & OTHER ELECTRIC EQUIPMENT, Capital funds & cash flow, Computer software industry, Software industry, Accounting and auditing, Electronics industry, Fujitsu Ltd., FJTSY, Accounting fraud

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Toshiba to double NAND output

Article Abstract:

Toshiba Corp. will increase monthly production of NAND flash-memory chips with 300-millimeter wafers from 100,000 in March 2007 to 210,000 by June 2008. The firm owned 30.7% of the worldwide market for flash memory in the first quarter of 2007.

Production data, Facilities & equipment, Household audio and video equipment, Market share, Toshiba Corp., Equipment and supplies, Consumer electronics industry, Flash memory, Company market share

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