Reuters: Global Markets: Renesas up 13 percent, set to unveil turnaround plan

Reuters: Global Markets Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Renesas up 13 percent, set to unveil turnaround plan Jul 3rd 2012, 03:44 TOKYO | Mon Jul 2, 2012 11:44pm EDT TOKYO (Reuters) - Shares in loss-making Renesas Electronics Corp (6723.T) surged more than 13 percent in afternoon trade on Tuesday after sources said the chipmaker would announce a sweeping restructuring plan later in the day. Renesas jumped 13.6 percent to 359 yen, edging close to a two-week high. The stock hit a record low of 198 yen on May 29.

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