Business Topics

Mitsubishi Motors to shutter U.S. plant if no buyers found

Jul 27, 2015

Mitsubishi Motors to shutter U.S. plant if no buyers found

Mitsubishi Motors Corp. will stop making vehicles in the United States this year and will close down its plant in Illinois if no buyers are found. The automaker officially announced Monday it will cease producing the Outlander Sport at the Bloomington-Normal plant at the ...

Jul 25, 2015

Muromachi to lead Toshiba recovery

Toshiba Corp. plans to have interim chief Masashi Muromachi relinquish the title of chairman to focus on the role as president, informed sources told Jiji Press. Muromachi will lead an effort to recover from the accounting scandal that rocked the industrial and electronics company. ...

Jul 25, 2015

After surprise FT sale, focus turns to The Economist

The Economist Group could become the latest British media business to undergo a change of ownership this year as its co-owner Pearson focuses on education, bankers and industry sources said. The company, whose weekly magazine was first published in 1843, is partly held by ...

The Nikkei: a media giant with 140 years of history

Jul 24, 2015

The Nikkei: a media giant with 140 years of history

The Nikkei group is the media giant behind the Nihon Keizai Shimbun, which is considered the Bible of Japanese business and has a track record of financial scoops. History Now an international multimedia group, the history of the Nikkei stretches back 140 years. Under ...

Jul 24, 2015

Mitsubishi Motors to end U.S. car production: sources

Mitsubishi Motors Corp. has decided to withdraw from vehicle production in the United States as part of its efforts to focus more on growing Asian markets, sources said Friday. The Tokyo-based automaker plans to sell its plant in Illinois, where the company currently manufactures ...