Business Topics

AirAsia gets $1 billion offer for its leasing company

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AirAsia Bhd., the region’s biggest discount carrier, received an offer valued at about $1 billion to buy its aircraft-leasing company amid a surge in business in the continent. The company’s share prices rose to the highest level in more than a year. The airline intends to divest the business at ...

May 31, 2016

Takata rules out bankruptcy, seeks angel investor: source

Takata Corp. has ruled out using bankruptcy as a way of mitigating liabilities from its record air bag recalls and is instead seeking buyers that could take a controlling stake and carry the company through its current crisis, according to a source with knowledge ...

Panasonic pulls plug on LCD TV panels in Japan

May 31, 2016

Panasonic pulls plug on LCD TV panels in Japan

Panasonic Corp. has decided to withdraw from TV panel production amid fierce competition from foreign rivals, in particular in China and South Korea, company sources said Tuesday. The Osaka-based company will end production at its sole liquid crystal display plant in the city of ...

May 30, 2016

Mitsui to deliver Colombia's first LNG shipment

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Mitsui & Co. has been chosen to deliver Colombia’s first cargo of liquefied natural gas later this year as the country prepares to place a floating import terminal into service, according to the terminal’s developer. Mitsui will send the cargo to the gas storage ...

Mizuho CEO says higher fee income will offset negative rates

May 30, 2016

Mizuho CEO says higher fee income will offset negative rates

Mizuho Financial Group Inc. is counting on fee businesses to make up for lower returns from lending and bond investments in the wake of the Bank of Japan’s decision to adopt a negative interest-rate policy. “Noninterest income will grow significantly as we move into ...

May 30, 2016

Toyota reportedly mulling buying Google's robotics unit

Toyota Motor Corp. is in talks to buy Boston Dynamics, a robotics unit of Google Inc., news website Tech Insider has reported. Terms for the deal are not known, but Tech Insider quoted a source familiar with the matter as saying that the ink ...

May 28, 2016

Mitsubishi Motors mulls scaling back vehicle lineup

Mitsubishi Motors Corp., mired in a mileage scandal, is considering reducing the number of its vehicle models for the domestic market, sources said. The automaker has a relatively large number of vehicle models compared with its automobile development system, and the company believes that ...

Mitsubishi Motors to continue key plant output halt in June

May 27, 2016

Mitsubishi Motors to continue key plant output halt in June

Scandal-hit Mitsubishi Motors Corp. will keep its minivehicle production suspended at least until the end of June at its Mizushima plant in the city of Kurashiki, Okayama Prefecture, informed sources said Thursday. The automaker informed a subcontractor in Okayama of the extension of the ...

May 27, 2016

Canadian drugmaker Valeant reportedly rejects takeover bid from Takeda

Valeant Pharmaceuticals International Inc. received a takeover approach this spring from Takeda Pharmaceutical Co. and investment firm TPG, which it rejected, according to the Wall Street Journal. The specialty drugmaker has been struggling to revive itself after its business model and drug pricing practices ...

May 27, 2016

Hino, Isuzu to develop self-driving truck technology

Isuzu Motors Ltd. and Hino Motors Ltd. will jointly develop autonomous driving technology for trucks, sources said Friday. The two automakers aim to create autonomous driving technology that would let groups of trucks travel together in lines on expressways. Such developments would allow unmanned ...