Business Topics

Jul 22, 2016

Komatsu to buy U.S. mining equipment maker Joy Global

Komatsu Ltd. said that it has agreed to acquire U.S. mining machinery maker Joy Global Inc. for $2.9 billion. Joy Global, based in Milwaukee, Wisconsin, has production bases in the United States, China, Australia and elsewhere. Annual sales totaled $3.2 billion in the year ...

Jul 20, 2016

Suntory, Asahi settle patent dispute over nonalcoholic beer

Major Japanese breweries Suntory Holdings Ltd. and Asahi Breweries Ltd. reached a court settlement Wednesday over Suntory’s claim that its rival infringed on its patent for nonalcoholic beer. The deal means both can continue making and marketing their respective beverages. Under the settlement reached ...

Jul 20, 2016

Dai-ichi Life eyes Cambodian market to sell insurance products

Dai-ichi Life Insurance Co. is expanding into the Cambodian market, which will make it the first Japanese life insurer to do business in the Southeast Asian country, informed sources said Wednesday. The insurer plans to open a representative office in Phnom Penh by the ...

Jul 19, 2016

SoftBank shares dive on concerns over balance sheet

Shares in SoftBank Group Corp. plunged in Tokyo on Tuesday after it unveiled its ¥3.3 trillion takeover of chip designer ARM Holdings PLC, a deal that marks founder Masayoshi Son’s biggest gamble so far on the future of technology. The shares dropped as much ...

Yahoo logs 19% revenue fall, writes down Tumblr value

Jul 19, 2016

Yahoo logs 19% revenue fall, writes down Tumblr value

Yahoo’s latest earnings report leaves no doubt the internet company is stuck in a downward spiral. The company managed to beat Wall Street’s limited expectations for revenue in the April-June quarter. But after subtracting commissions paid to its partners, Yahoo said its revenue fell ...