Business Topics

Facebook playing catch-up a year after flawed IPO

After a market debut marred by technical glitches and a deep dive in the company’s stock price, Facebook has spent the past year focused on its biggest weaknesses: how to make money and keep its more than 1 billion users tethered to the social network. The results have been mixed. ...

May 20, 2013

Eurozone now eager to copy Japan, take 'easy way out'

by Fabien Zamora

Budding growth in the Japanese economy, just as a recession in Europe digs in, is renewing pressure on European policymakers to shift course from austerity to stimulus. Data released on Thursday said that Japan’s economy grew markedly in the first quarter, only weeks after ...

Groundwork being laid for rise of fuel cell cars

May 20, 2013

Groundwork being laid for rise of fuel cell cars

Japan is gearing up to launch fuel cell vehicles as the next-generation of environmentally safer cars. Oil distributors have started to establish hydrogen station networks, while the government is set to provide financial assistance and is considering deregulation to make it easier to set ...

Amari wants wage talks with bigwigs

May 20, 2013

Amari wants wage talks with bigwigs

Economic revitalization minister Akira Amari revealed Sunday that he plans to open talks with national labor and management representatives on how to convince companies to raise wages. Amari said on a TV program that improved corporate earnings resulting from “Abenomics,” the moniker for the ...

LinkedIn looks to build on its impressive resume

May 19, 2013

LinkedIn looks to build on its impressive resume

by Michael Liedtke

LinkedIn and Facebook celebrated the anniversaries of their IPOs just a few days apart this week. But their experiences as publicly traded companies couldn’t be more different. LinkedIn Corp. promotes its service as a stepping stone to a more enriching career. As it turns ...

Mixi's new boss tells ailing SNS time for changes

May 19, 2013

Mixi's new boss tells ailing SNS time for changes

Mixi Inc. will shore up its faltering earnings by seeking new businesses and doing away with complacency in the face of stiff competition from Facebook, incoming President Yusuke Asakura said Friday. Asakura, who will take the helm of the domestic social-networking site starting in ...

May 19, 2013

U.S. stocks reach new record highs

U.S. stocks closed out another week of new record highs Friday. Optimistic reports on consumer confidence and the economic outlook drove a rally that pushed the Dow and S&P 500 to end-of-the-week records highs for the third straight week. Over the week, the Dow ...

'Abenomics' turns Japan into global investor target

May 18, 2013

'Abenomics' turns Japan into global investor target

by Shamim Adam

Investors are more confident in a Japanese leader than any time since at least September 2010, with optimism about Prime Minister Shinzo Abe’s policies exceeding that for counterparts in the U.S., Europe and China. The number of respondents who are more optimistic than pessimistic ...

JGB yield spikes raise alarm bells

May 18, 2013

JGB yield spikes raise alarm bells

by Reiji Yoshida

Is it a sign of a full-fledged economic recovery or a looming catastrophe in the monetary making? Recent spikes in Japan’s long-term interest rate, represented by the 10-year government bond, have created a stir and roused a deep sense of alarm among investors and ...

May 18, 2013

Resona in Malaysian bank tieup for Asian expansion

Resona Holdings Inc., the nation’s fifth-largest bank by market value, is poised to tie up with Malaysia’s Public Bank Bhd. as part of its efforts to expand in Asia. Resona will sign an agreement with Malaysia’s third-biggest lender on Monday to serve Japanese companies ...