Business Topics

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 ...

Jun 23, 2015

Sharp CEO faces calls for resignation as shareholder anger mounts

Sharp Corp. Chief Executive Officer Kozo Takahashi was approved by shareholders on Tuesday after facing calls for his resignation at the struggling Japanese television and display maker’s annual meeting. “Letting the president stay is unacceptable,” one elderly stock-owner said at the meeting in Osaka, ...