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Western Digital in talks for Toshiba unit sale

  Bloomberg Western Digital Corp. said it’s in talks with Japanese government-backed investment funds as it tries to win a battle for Toshiba Corp.’s flash memory unit. The San Jose, California-based maker of storage media has held discussions with Innovation Network Corp. of Japan and Development Bank of Japan Inc. about options for a bid, said Mark Long, Western Digital’s ...

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Japanese exports surge to end Q1 on strong note

  Bloomberg Japanese exports grew at the fastest rate in more than two years in March, supporting a moderate economic recovery in the face of weak domestic demand. Exports rose 12 percent from a year earlier (median estimate +6.2 percent), according to data released by the Ministry of Finance. Imports jumped 15.8 percent (median estimate 10 percent), the biggest gain ...

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China carmaker SAIC puts US export plan on hold

  Bloomberg SAIC Motor Corp., China’s biggest carmaker by sales, has halted a plan to export its own branded vehicles to the US until it gets more clarity on Sino-US trade policy under President Donald Trump. SAIC Motor, which has joint ventures with General Motors Co. and Volkswagen AG in China, has been exporting locally-made Buick Envision sport utility vehicles ...

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