Japan's Panasonic Corp is planning to sell its healthcare business for about 100 billion yen ($1.05 billion) to raise cash as the consumer electronics maker fights to end losses with flat-panel televisions, Kyodo news agency reported on Sunday.
Panasonic is considering selling the profitable healthcare business to Japanese and foreign manufacturers as well as investment fund firms, Kyodo reported quoting industry sources.
The electronics company wants to sell the entire business to one buyer, although it will also consider selling it off in parts, Kyodo said.
Panasonic's healthcare business involves electronic medical chart systems and blood-sugar monitoring devices.
The Japan Aerospace Exploration Agency will launch the country's new solid-fuel rocket Epsilon on Aug. 22, carrying a satellite whose mission is to observe Venus and Mars while orbiting Earth, the science ministry said Tuesday. (Kyodo )
South Korean soldiers were guilty of abusing women in wartime, Osaka's mayor said in comments reported Tuesday, days after provoking a storm by labelling sex slaves a military necessity. (Bangkok Post )
Officials at Yokohama City Hall said Monday the city has reduced the number of children on nursery school waiting lists to zero from 179 as of April 1, meeting its 2010 target of doing so in three years. (Japan Times )
This Monday, members of the seminal metal band X Japan were in Odaiba rubbing shoulders with the likes of Brad Pitt, Lady Gaga and AKB48′s Yuko Oshima. The catch? They were all made out of wax. (Japan Times )
The parents of a nightclub worker killed in an arson fire three years ago filed a suit in the Nagoya District Court on Monday seeking damages against top members of the Yamaguchi-gumi organized crime group. (Tokyo Reporter )
Kyodo News said Monday that it has dismissed Satoshi Kondo, 51, deputy chief of its general administration bureau and former personnel affairs division chief, for meeting individually with a female student searching for a job and doing an inappropriate act.
(Jiji Press )