ELECTRONICS

Japan's Toshiba Corp plans to raise about 500 billion yen ($5 billion) in capital as early as June to prop up its finances, battered by loss-making chip operations and tax credit costs, a newspaper said.

Mobile phone maker Sony Ericsson said on Friday it plans to cut one in five jobs this year in its battle to return to profit as a sluggish market brought a hefty first-quarter loss, as expected.

Sony Ericsson will take some time developing a phone using Google's Android operating system, its chief executive said on Friday, but declined to say when such a handset would be available.

Mobile phone maker Sony Ericsson said on Friday it would slash another 2,000 jobs this year to fight a slumping handset market as it posted a big first-quarter loss in line with expectations.

The struggling cellphone market has not yet touched bottom, the chief financial officer of top mobile phone maker Nokia was quoted as saying on Friday.

Nippon Steel Corp and other steelmakers have agreed with Toyota Motor Corp to cut steel prices by more than 10 percent this business year, a newspaper said, a smaller-than-expected price cut.

There were more electronic security breaches last year than in the previous four years put together and the financial sector suffered the biggest rise in attacks from hackers looking for big stashes of consumer data, according to a report from Verizon Communications.

There were more electronic security breaches last year than in the previous four years put together and the financial sector suffered the biggest rise in attacks from hackers looking for big stashes of consumer data, according to a report from Verizon Communications.

The world's top cell phone maker Nokia calmed jittery investors on Thursday when it said it saw signs of stabilizing demand in the tumbling handset market.

Nokia Siemens Networks said on Thursday the global telecoms equipment market would shrink faster than it expected, as it reported a fall to first-quarter loss.

The Verizon Hub, a new kind of home phone with some Web add-ons like weather and traffic reports, will soon come with an applications market, following a trend among cellphone makers such as Apple to open up to third-party apps.

The world's top cell phone maker Nokia calmed jittery investors on Thursday by reaffirming its forecast for the handset market and saying visibility was improving, sending its shares higher.

South Korea's LG Display Co Ltd posted a second straight quarter of losses due to weak LCD prices, but forecast a pick-up in prices and shipments as the industry recovers from a steep downturn.

South Korea's LG Display Co Ltd posted on Thursday a steeper-than-expected quarterly operating loss due to weak LCD panel prices, but forecast improvements in prices and shipments as the sector slowly recovers.

Global shipments of personal computers slid 7.1 percent in the first quarter, industry tracker IDC said on Wednesday, although falling prices and the increasing popularity of netbooks helped keep sales from slipping even further.

AT&T is in negotiations with Apple to extend its exclusive deal to carry the iPhone in the U.S. from 2010 until 2011, The Wall Street Journal reported, citing people familiar with the matter.

Cell phone makers are expected to report buoyant sales of lower-priced, feature-packed smartphones as consumers opt for cheap chic amid the global recession.

Intel Corp beat quarterly expectations and declared the worst was over for a battered tech sector, but its shares slid 5 percent after it said economic uncertainty ruled out a clear revenue forecast.

AT&T Inc is in talks with Apple Inc to extend its exclusive U.S. agreement to sell the iPhone from 2010 to 2011, according to a report in the Wall Street Journal.

Dutch Philips Electronics NV said on Tuesday it would accelerate restructuring measures in the second quarter after its first-quarter results swung to a loss and missed analyst expectations.