Panasonic said on Friday that it would sell its Sanyo digital and digital movie camera business to Japanese private equity fund Advantage Partners for an undisclosed sum. Panasonic aims to sell 110 billion yen ($1.30 billion) of assets, including buildings and land, by the end of March to boost free cash flow to 200 billion yen for the business year. Panasonic acquired rival Sanyo, a leading maker of lithium ion batteries and solar panels, in 2010. Sales of compact digital cameras are under pressure from increasingly powerful smartphones.
Apple presses case for Samsung sales ban
Tech giant Apple, battling Samsung Electronics over patents in several countries, argued on Thursday that a US appeals court should reconsider its decision to overturn a pretrial sales ban on Samsung for infringement. The US Court of Appeals for the Federal Circuit in October overturned a pretrial sales ban ordered by a lower court in California. The order was to stop sales of Samsung’s Galaxy Nexus smartphone. Apple argued that this was inappropriate and asked for an “en banc review,” which means that a larger panel of judges would reconsider the decision made by the three-judge panel in October.
BAE signs $4.1-billion aircraft deal with Oman
UK aerospace and defense company BAE Systems has agreed a £2.5-billion ($4.1-billion) deal with Oman for 20 aircraft. BAE says Oman has signed the contract for 12 Typhoon fighter jets and eight Hawk aircraft, with deliveries expected to start in 2017. The contracts cover the supply of the
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