Sharp to cut thousands of jobs

TOKYO: Sharp Corp may lay off several thousand workers and sell office buildings in Tokyo as losses at Japan's last major fabricator of liquid crystal displays for televisions expand, the Nikkei business daily said.

The maker of Aquos TVs will likely post a group net loss of about 100 billion yen for the April-June quarter after $198 million settlement in a U.S. LCD cartel case added to its deficit during the three months, the paper said without citing anyone.