Court rejects Sumitomo Trust damages suit over failed integration
February 13, 2006The Tokyo District Court on Monday rejected a lawsuit filed by Sumitomo Trust & Banking Co. seeking compensation from the former UFJ Holdings Inc., now part of Mitsubishi UFJ Financial Group Inc., for unilaterally scrapping the planned sale of its trust unit to Sumitomo Trust. Rejecting Sumitomo Trust's demand for 100 billion yen in damages, Presiding Judge Tsutomu Yamazaki said its basic agreement with UFJ Holdings on the planned purchase of UFJ Trust Bank did not say anything ''definitive'' about core matters that should be stipulated in a final contract that would be concluded between Sumitomo Trust and UFJ Holdings.
NEC e-mail service to alert schools, parents of suspicious prowlers
February 13, 2006NEC Corp. said Monday it has started a new e-mail service to help education boards of city and prefectural governments alert primary and middle schools as well as their pupils' parents to suspicious persons spotted prowling in the neighborhoods of the schools or local community. The BIGLOBE Net connection service department of the electronics maker will disseminate information on suspicious individuals after education boards examine the accuracy of tips offered by people in local communities who spot such wanderers, NEC said.