japan's funai electric is set to acquire it by the end of this year. officials of the two firms say they made a dl for 150 million euros. that's over $200 million. philips officials have also spun off their television business to a joint venture with a taiwanese firm. now, funai electric plans to maintain the philips brand and expand sales to emerging economies in asia and south america. >>> one of japan's major oil wholesalers will join forces with a canadian gas firm. idemitsu-kosan announced it will build a liquefied natural gas plant in canada with altagas. executives at idemitsu said tuesday the two firms agreed to form a joint venture. the new plant will be built on the west coast of canada. they plan to start shipping 2 million tons of lng annually to japan and other countries as early as in 2017. the executives say the lng will have a price advantage as it will be produced at canadian market prices. shipping costs will be lower because of geographical closeness compared with sourcing from the middle east and the u.s. east coast. demand for lng