Business Topics

MMC mileage scandal widens as U.S. auto safety regulator seeks data

Apr 22, 2016

MMC mileage scandal widens as U.S. auto safety regulator seeks data

Mitsubishi Motors Corp.’s fuel economy scandal broadened Friday as U.S. auto safety authorities said they are seeking information and after reports that the automaker submitted misleading data on at least one more model than disclosed and likely several more. Japan’s sixth-largest automaker admitted this ...

Apr 22, 2016

Toshiba faces ¥300 billion loss over Westinghouse

Toshiba Corp. plans to book an impairment loss of around ¥300 billion for fiscal 2015 linked to its U.S. nuclear power subsidiary Westinghouse Electric Co., sources familiar with the matter said Friday. The loss would be larger than anticipated. The struggling electronics maker, mired ...

Apr 22, 2016

Nomura eliminates 32 jobs in Big Apple

Nomura Holdings Inc., the nation’s biggest brokerage, has cut 32 jobs in New York City. The bank disclosed the figures in a so-called Warn notice dated Tuesday and posted on the state Labor Department’s website. The Tokyo-based company is eliminating 60 jobs outside Japan, ...

Apr 21, 2016

Sharp, Hon Hai to develop TVs jointly

As Sharp Corp. prepares to be taken over by Taiwan’s Hon Hai Precision Industry Co., it is planning to develop household appliances jointly with its new partner and aims to have televisions ready for sale by the end of the year, an executive at ...