Business Topics

Jun 28, 2016

Itochu buys U.S. power plant managing firm

Itochu Corp. said Tuesday it has acquired PurEnergy LLC, a U.S. power plant and energy asset management firm, through NAES Corp., a Seattle-based unit of the Japanese trading house. The value of the deal was not disclosed. Syracuse-based PurEnergy engages in a wide range ...

Jun 28, 2016

Idemitsu founding family opposes planned merger with Showa Shell

The founding family of Idemitsu Kosan Co. opposes its planned merger next April with Showa Shell Sekiyu K.K., the family’s representative said Tuesday, clouding the outlook of the creation of one of the largest oil distributors in Japan. The founding family, which owns a ...

Shareholders urge Japan's utilities to end nuclear power generation

Jun 28, 2016

Shareholders urge Japan's utilities to end nuclear power generation

Shareholders urged nine power companies Tuesday to end nuclear power generation, reflecting safety concerns lingering since the 2011 Fukushima disaster. However, the proposals were turned down at the firms’ shareholders meetings. The companies, including Tokyo Electric Power Company Holdings Inc., operator of the crippled ...

Jun 28, 2016

Drugmaker SSP to come under Sanofi's wing after asset swap

Japanese drugmaker SSP Co. will be put under the wing of Sanofi as the French health care titan and Germany’s Boehringer Ingelheim GmbH announced an asset swap agreement Monday. Under the deal, Sanofi will acquire Boehringer’s consumer health operation, including SSP, in exchange for ...

Lotte chairman beats back brother's third attempt at ouster

Jun 27, 2016

Lotte chairman beats back brother's third attempt at ouster

Lotte Holdings Co. shareholders voted to leave Lotte Group Chairman Shin Dong-bin in his post of director of the holding company, Lotte Group said in a statement, rejecting a third bid by his brother to seize control of the family-run South Korean conglomerate amid ...

Jun 24, 2016

Taiwan's China Airlines announces strike, disrupting flights to Japan

Taiwan-based China Airlines cancelled some flights to Asia, including Japan, on Friday as its union commenced an “indefinite” strike late Thursday after negotiations with management broke down. China Airlines announced on its website that beginning Friday, all flights departing between 6 a.m. and 10 ...