Topic: Mitsubishi Electric Corporation
Mitsubishi is developing an electric motor for vehicles that the car company says has improved cooling and generates a similar amount of power that is produced by existing motors.
Stocks are down in Asia and Europe ahead of a key European summit. S&P futures are also lower. Investors shun stocks as concerns linger about Greece's long-term solvency.
In Japan, labor reforms approved last Friday to protect temporary workers – now about one-third of the workforce – were met with criticism on both sides. Firms say they need a flexible workforce, while laborers say too many loopholes remain.
03/22/2010 10:44 am