Business Topics

Sony chief denies spinoffs mean immediate withdrawal

Feb 26, 2015

Sony chief denies spinoffs mean immediate withdrawal

Sony Corp. President Kazuo Hirai said on Wednesday the company would not immediately sell off businesses such as its TV and mobile phone units that it is spinning off. Last week , Hirai did not rule out the potential sale of those struggling units ...

Hitachi agrees to buy two Finmeccanica rail businesses

Feb 24, 2015

Hitachi agrees to buy two Finmeccanica rail businesses

Hitachi Ltd. is set to buy Finmeccanica SpA’s rail business and a signals affiliate in its largest ever overseas acquisition as it seeks growth abroad. The Japanese industrial group, which makes nuclear power plant turbines, electronic equipment and industrial machinery will close the acquisitions ...

Feb 23, 2015

Honda president stepping down amid air bag crisis

Honda said Monday that its president was stepping down as the firm grapples with an exploding air bag crisis linked to at least five deaths that also led to the recall of millions of vehicles. The automaker said the move was squarely aimed at ...

Feb 23, 2015

ANA Holdings to help Skymark recover from bankruptcy

ANA Holdings Inc., parent of All Nippon Airways Co., said Monday it has notified bankrupt Skymark Airlines Inc. of its plan to take part in the struggling airline’s restructuring. Its support may include a capital tie-up, joint purchase of jet fuel and code-sharing, ANA ...

Feb 21, 2015

British press roiled by allegation of self-censorship to keep ads

One of Britain’s most storied newspapers has been accused of censoring itself for commercial gain, raising awkward questions about a centuries-old press culture that has prided itself on its no-holds-barred approach to telling the truth. The 160-year-old Daily Telegraph strongly denied accusations made in ...

Harada resigning as McDonald's Japan chairman

Feb 20, 2015

Harada resigning as McDonald's Japan chairman

McDonald’s Holdings Co. (Japan) said Friday that Eiko Harada will step down as chairman after heading the burger chain for 10 years. Harada will focus on running the education service provider Benesse Holdings Inc., where he has been president and chairman since June. His ...

Sony faces struggle to find growth path

| Feb 20, 2015

Sony faces struggle to find growth path

by Shinya Ajima

Sony Corp. has unveiled its latest multiyear business plan, including spinning off its 36-year-old Walkman portable music player unit to cut costs, but it is unclear whether the reforms will be enough to secure growth. Kazuo Hirai, chief executive of the electronics and entertainment ...