Monday July 2, 9:00 AM
Japan Hot Stocks-Isuzu, Hino, Lion
TOKYO, July 2 (Reuters) - The following stocks are on the
move on Friday:
**ISUZU UP ON REPORT OF DIESEL EMISSIONS TIE-UP**
Isuzu Motors Ltd. jumps 2.4 percent to 684 yen on a report
the truck maker plans to work with Hino Motors Ltd. to
develop technology for cleaning up diesel engine emissions. Hino
shares are up 0.4 percent at 740 yen.
The two truck makers plan to develop equipment such as
filters that reduce harmful emissions, and cut costs by supplying
parts to one another, the Nikkei business daily said on Saturday.
0022 GMT
**LION UP ON HIGHER FORECAST, DEAL WITH BRISTOL-MYERS**
Shares of Lion up 3.1 percent at 690 yen after the maker of
household goods said on Friday it would buy the trademark rights
for the painkiller "bufferin" and other brands in Japan and
elsewhere in Asia and Oceania from Bristol-Myers Squibb
for 30.4 billion yen. [ID:nT347534]
Lion also raised its group net profit forecast for the first
half to ended in June by 80 percent to 1.8 billion yen ($14.6
million) due to strong sales overseas and a weaker yen.
(For IPO news, data and diary, click)
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