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Canon drops to more than two-month low after EU threatens huge fine

FILE PHOTO: A logo of Canon Inc is pictured on a Canon EOS Kiss X50 displayed at an electronics store in Tokyo October 23, 2012. REUTERS/Yuriko Nakao WX/File Photo Canon Inc’s stock fell to its lowest levels in more than two months on Friday after EU regulator... More »

Canon closes in on Toshiba’s medical unit after fierce bidding

TOKYO Toshiba Corp (6502.T) has granted Canon Inc (7751.T) exclusive negotiating rights for its medical equipment unit after a hotly contested auction, with a report putting Canon’s offer at more than 700 billion yen ($6.2 billion). The conglomerate put Toshib... More »