Shares in Sharp tumbled nearly 10 percent in early trade Tuesday after the Nikkei business daily reported that the struggling electronics maker plans to request aid from two main lenders, including a 150 billion yen ($1.24 billion) debt-for-equity swap. The leading Nikkei said Sharp was seeking to enhance its capital base to as it tries to restructure, without giving a source for the information. The company plans to request aid from Mizuho Bank and Bank of Tokyo-Mitsubishi UFJ, it said. As early as this week, Sharp will lay out its earnings outlook and structural reform plans to Mizuho Bank and Bank of Tokyo-Mitsubishi UFJ, which will carefully review the proposal before deciding whether to extend support, it reported.
LAS VEGAS (AP) — Former Florida Gov. Jeb Bush distanced himself from his family on Monday as he courted senior citizens in Nevada, the first stop in a national tour aimed at key states on the presidential primary calendar.