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Feb 10, 2016

SoftBank profit down 88% amid Sprint struggle

SoftBank Group Corp., which is struggling to turn around its U.S. wireless carrier Sprint Corp., posted an 88 percent drop in third quarter profit. Net income fell to ¥2.3 billion ($20 million) in the three months ended Dec. 31, from ¥18.7 billion a year ...

Coffee perk offered to Arita Taxi customers

Feb 10, 2016

Coffee perk offered to Arita Taxi customers

Hail a certain cab in Saga Prefecture and you’ll be offered freshly brewed coffee from a machine in the vehicle. Drink as much as you like: It’s free. The service began operating last month and is drawing acclaim from passengers. The nine-seat “Barista Taxi” ...

Feb 10, 2016

Fujitsu recalls 20,000 laptop batteries over fire risk

Fujitsu Ltd. on Wednesday announced the recall of around 20,000 battery packs used in its Lifebook laptop computers as they could catch fire, although it has received no reports of this having happened. Fujitsu recalled around 70,000 battery packs used in Lifebooks in August ...

Wholesale prices fell 3.1% in January

Feb 10, 2016

Wholesale prices fell 3.1% in January

Japan’s wholesale prices dropped 3.1 percent in January from a year earlier for the 10th straight month of decline, with a slowing Chinese economy and oversupply concerns leading to lower crude oil and other commodity prices, the Bank of Japan said Wednesday. The index ...

Japan's 2020 problem: life after the Olympics

Feb 10, 2016

Japan's 2020 problem: life after the Olympics

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Japan is gearing up for the 2020 Tokyo Olympics with gusto, investing in everything from stadiums to electric cars, and expecting an economic bonanza from a construction frenzy and an influx of visitors. On the face of it, hosting the Olympics is a big ...

840,000 Mercedes-Benz, Daimler models recalled over Takata air bags

Feb 10, 2016

840,000 Mercedes-Benz, Daimler models recalled over Takata air bags

German automaker Daimler AG has announced the recall of some 840,000 Mercedes-Benz and Daimler vehicles in the United States equipped with potentially defective Takata air bags. Daimler said Tuesday the recall included about 705,000 Mercedes-Benz cars and 136,000 Daimler vans. It was the latest ...

Feb 9, 2016

McDonald's Japan suffers record annual net loss

McDonald’s Holdings Co. (Japan) said it suffered a group net loss of ¥34.704 billion in the business year that ended in December, due chiefly to food safety problems. The figure was worse than the preceding year’s net loss of ¥21.843 billion, the fast-food company ...