Japan's Shares Drop on U.S. Economy Concern, Stronger Yen; Sony Leads Fall

(Bloomberg) -- Japanese stocks declined, led by Sony
Corp. and Canon Inc., on concern losses in the U.S. mortgage
market may slow the world's biggest economy.

Exporters also fell after the yen strengthened to a four-
month high against the dollar, eroding the value of their dollar-
denominated sales.


Read more at Bloomberg Stocks News

Japan's Nikkei 225 Drops on Subprime Concerns; Topix Climbs on Earnings

(Bloomberg) -- Japan's Nikkei 225 Stock Average
dropped after U.S. residential investment slumped, raising
concern the world's largest economy will slow.

Canon Inc. slid 2.6 percent, leading exporters lower after
the yen advanced to the highest against the dollar in more than
three months, reducing the value of their overseas sales.


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Sony Q1 profit more than trebles on digicam, yen

(Reuters) - Sony, which competes with Canon Inc. in digital cameras and Microsoft Corp. and Nintendo Co. Ltd. in video games, earned an operating profit of 99.32 billion yen in April-June, up from 27.05 billion yen a year earlier.



This is a turnaround from an operating loss of 113.4 billion yen in the previous three months, when Sony booked losses at its once high-flying game unit.


Read more at Reuters.com Business News