Business Topics

Sep 10, 2014

Benesse to revamp data security after massive data leak

The Benesse group on Wednesday outlined its new data security setup, which the company says will bolster customer information protection after it was embroiled in Japan’s biggest-ever data theft. Benesse Holdings Inc. and its group company Benesse Corp. said they will send a ¥500 ...

Sep 9, 2014

Rakuten to acquire Ebates in Japan's biggest e-commerce deal

Rakuten Inc. has agreed to buy U.S. rebates website Ebates Inc. in Japan’s largest-ever e-commerce deal as the operator of the country’s biggest online mall seeks overseas growth through acquisitions. Rakuten will pay $1 billion in cash for all of Ebates, it said in ...

Sep 9, 2014

Kansai Electric plans to supply power to Tokyo-area condominiums

Kansai Electric Power Co. reportedly plans to begin supplying electricity to condominiums in the Tokyo metropolitan area by forming a capital and business tie-up with a bulk energy provider based in Osaka. Through the alliance with Chuo Electric Power Co., Kansai Electric will aim ...

Tesla's Musk keeps door open to future projects with Toyota

Sep 9, 2014

Tesla's Musk keeps door open to future projects with Toyota

As Tesla Motors Inc. and Toyota Motor Corp. conclude an initial vehicle project that met with mixed results, Elon Musk, Tesla’s chief executive officer, said his company may form another partnership with the giant Japanese carmaker. “If you look out maybe two or three ...

Rakuten falls most in four months on talks to acquire Ebates

Sep 8, 2014

Rakuten falls most in four months on talks to acquire Ebates

Rakuten share prices fell further Monday than they had in four months after the owner of Japan’s largest online mall said it is in talks to buy U.S. website operator Ebates Shopping.com Inc. Rakuten, controlled by billionaire Hiroshi Mikitani, is negotiating the acquisition, according ...

Sep 8, 2014

Sharp putting U.S. solar unit Recurrent Energy up for sale

Sharp Corp. is seeking to sell its U.S. solar-energy development unit Recurrent Energy. The electronics maker has retained Bank of Nova Scotia to help shop San Francisco-based Recurrent, according to documents obtained by Bloomberg. The deal is Sharp’s latest step back from the solar ...

Alibaba seeks to raise a record $24.3 billion in IPO

Sep 6, 2014

Alibaba seeks to raise a record $24.3 billion in IPO

China’s Alibaba Group Ltd. is seeking to raise up to $24.3 billion in its upcoming IPO — an amount that would be the most raised by a company in a stock-market debut. The e-commerce company and its early investors are hoping to sell up ...

Sep 6, 2014

Glance: the biggest initial public offerings in history

The Chinese e-commerce company Alibaba Group Ltd. is seeking to raise up to $24.3 billion in an initial public offering on the New York Stock Exchange, which would value the company at $163 billion. Those are both IPO records. Here is a look at ...