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Toshiba to pay $850 million for IBM retail unit

Japanese electronics giant Toshiba said Tuesday it would pay about $850.0 million for IBM’s retail products unit, with the US firm saying it would create the world’s leading point-of-sale company. The transaction was expected to be completed later in the year, with the move aimed at retailers who “will benefit from…

Toyota extends halt in production due to Thai floods

Toyota on Friday said it would extend a production halt in Thailand through October 22 due to parts supply constraints as a result of the country’s worst flooding in decades. Production at Toyota’s three Thailand plants has been suspended since October 10, with the operations of many Japanese firms in…

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