TSE sees 2.6 mil. trading orders, 1 mil. deals at 10 a.m.
January 19, 2006The Tokyo Stock Exchange said Friday that as of 10 a.m. the bourse saw an estimated 2.6 million cases of trading orders, while the number of agreed deals came to 1 million cases. The TSE plans to halt all stock trading when those figures reach 8.5 million and 4 million, respectively. ==Kyodo
Livedoor Marketing's Okamoto won't become Cecile's president
January 19, 2006Cecile Co. said Friday that Fumito Okamoto, president of Livedoor Marketing Co., who had been expected to head the mail-order company, will not become its president and the post will be taken by another Livedoor group executive. Okamoto, 38, is one of the key figures in the alleged fraud scandal involving the Livedoor group and may be questioned by the prosecutors investigating the case.
Tokyo stocks open sharply higher after U.S. shares' rebound
January 19, 2006Stocks opened sharply higher on the Tokyo Stock Exchange on Friday, with a broad range of shares drawing buying following an overnight rebound in U.S. shares and amid optimism about the Japanese economy. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average surged 147.44 points, or 0.94 percent, to 15,843.72. The broader Tokyo Stock Price Index of all First Section issues was up 20.34 points, or 1.26 percent, to 1,640.63. The Second Section also rose.
Konica Minolta to pull out of camera business
January 19, 2006Konica Minolta Holdings Inc. said Thursday it will pull out of the camera business at the end of March, ending the 130-year-old history of the firm's camera division, will focus on operations related to copiers and other profitable products. Konica Minolta said it will sell its digital single-lens reflex camera and interchangeable lens operations to Sony Corp.
E-mails deleted at Livedoor, evidence destruction suspected
January 19, 2006Prosecutors investigating alleged fraudulent accounting practices by Livedoor Co. have found a large number of e-mail messages had been deleted from the company's computers, indicating possible attempts to destroy evidence linked to the allegation, sources familiar with the investigation told Kyodo News on Thursday. The finding came as the Tokyo District Public Prosecutors Office has been analyzing about 100,000 e-mail messages since Monday night, when it confiscated about 100 personal computers from the company headquarters in Tokyo's Minato Ward and its affiliate in Shinjuku Ward where the company's network server is located.
Gov't seeks stable movement in Tokyo stocks
January 19, 2006Japan's top government spokesman Shinzo Abe called Thursday for stable movement in Tokyo stocks after their sharp morning rebound following the previous day's tailspin triggered by the Livedoor Co. scandal. ''It is desirable that stock prices firmly reflect economic fundamentals and move in a stable manner,'' Abe, who is chief Cabinet secretary, said at a news conference.
TSE sees 7.0 mil. trading orders, 4.0 mil. deals
January 19, 2006The Tokyo Stock Exchange said Thursday that as of 3 p.m. the bourse saw an estimated 7.0 million cases of trading orders, while the number of deals came to 4.0 million cases. The announcement indicates risks of another possible trading suspension as Japan's largest bourse plans to halt all stock trading when the number of orders exceeds 8.5 million and that of agreed deals tops 4 million.