SECURING SUPPLY: The Matsushita-Hitachi-Canon tie-up will allow Canon to procure a steady supply of monitors for digital cameras. Plans may also include OLED business
Matsushita, Hitachi and Canon announced yesterday a tie-up in their liquid-crystal-display (LCD) businesses, the latest collaboration in the increasingly competitive flat-panel industry.

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Asahi Glass Co, the world's second-largest supplier of glass used in liquid-crystal displays (LCD), and Mitsubishi Electric Corp said they will sell their stakes in an unprofitable LCD panel venture.

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GRAB A LIFELINE: By selling new stock to the Singaporean sovereign wealth fund, Merrill Lynch will dilute the stakes of existing shareholders
Merrill Lynch became the latest Wall Street bank to grab a financial lifeline from a foreign government, agreeing on Monday to sell US$5 billion in new stock to Temasek Holdings, Singapore's sovereign investment company, and a smaller stake to a domestic firm, as the fallout from the mortgage mess continues to spread.

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BROADER ALLIANCE: Google's search, scheduling, e-mail and photo features could be available for NTT DoCoMo users as early as this spring, reports said
Japan's leading mobile phone operator NTT DoCoMo Inc, trying to fight off resurgent competitors, will tie up with US search-engine giant Google Inc to upgrade its services, a report said yesterday.

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Just weeks ago, the holiday shopping season seemed headed for disaster. But in the waning hours before Christmas, US retailers got their wish -- a last-minute surge of shopping that helped meet their modest sales goals, according to data released late on Monday by research firm ShopperTrak RCT Corp.

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Toyota Motor Corp yesterday raised its sales forecast for next year and confirmed it expects to overtake US rival General Motors this year to become the world's top automaker in terms of production.

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■ PROPERTY

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