Business Topics

Jun 26, 2015

Refiner JX Holdings to diversify after oil prices fall

JX Holdings Inc., Japan’s biggest refiner, will cut spending by almost 25 percent as part of a three-year plan that will also see the company try to counter the decline in oil prices with a shift away from oil-based products. JX, which currently gets ...

Jun 25, 2015

Toyota, Nissan to recall 3 million more cars over air bags

Toyota and Nissan, the country’s two top automakers, on Thursday expanded their global car recall by more than 3 million vehicles to replace potentially deadly air bags that have already been linked to eight deaths. Toyota said it will call back an additional 2.86 ...

Jun 25, 2015

Netflix seeks more local content before autumn debut in Japan

Netflix Inc. plans more alliances with Japanese content providers to lure users as the world’s biggest subscription online video service debuts in the country later this year. The new tie-ups would help the company offer more films, drama programs, documentaries and comedy, Greg Peters, ...

Toshiba president apologizes to shareholders for accounting crisis

Jun 25, 2015

Toshiba president apologizes to shareholders for accounting crisis

Toshiba Corp. President Hisao Tanaka said Thursday that securities regulators investigated its accounting practices in February, well before it revealed major problems with its books on April 3. “We need to create a new Toshiba so something like this will never happen again,” Tanaka ...

Jun 24, 2015

Toyota president earns ¥1.27 billion, surpassing Nissan's Ghosn

Toyota Motor Corp. President Akio Toyoda became the highest-paid auto executive in Japan Wednesday after dividend payouts pushed his total compensation past Nissan Motor Co.’s Carlos Ghosn. Toyoda earned ¥1.27 billion in compensation and dividends, according to regulatory filings. While Nissan paid Ghosn almost ...

Jun 24, 2015

Two automakers dump Takata as source of air bags

Two major automakers told the U.S. Congress on Tuesday that they are replacing Takata Corp.’s air bag inflators with units from other manufacturers amid growing concerns about the safety of Takata’s product. Executives of FCA U.S. LLC and Honda Motor Co. were speaking during ...

Netflix shares soar, set to be split 7-for-1

Jun 24, 2015

Netflix shares soar, set to be split 7-for-1

Online television streaming titan Netflix announced plans Tuesday for a 7-to-1 split of its high-flying shares of stock. The Netflix board approved a plan to award six shares for each common stock share owned as of July 14 of this year, the California-based company ...