Business Topics

Nov 8, 2016

SoftBank's profit improves as Sprint gets on track

SoftBank Group Corp. reported a better-than-projected second-quarter profit, with the wireless and internet businesses in Japan bringing in cash while Sprint Corp. shows signs of improvement. Net income was ¥512.1 billion in the period ended Sept. 30, the Tokyo-based company reported on Monday. That’s ...

Nov 7, 2016

Ritz-Carlton to open hotel in Nikko in 2020

A Ritz-Carlton hotel will open in the resort city of Nikko, north of Tokyo, in the summer of 2020, aiming to attract affluent foreign tourists, its operators said Monday. Ritz-Carlton Hotel Nikko will be the sixth in Japan to open under the luxurious hotel ...

Nov 7, 2016

Mitsui's Indian home shopping partner plans push to dominate market

With e-commerce and TV shopping gaining traction in India, Naaptol Online Shopping Pvt. Ltd. is looking to expand further by leveraging partner Mitsui & Co.’s experience in home shopping, top company officials say. “Our TV shopping business currently attends around 200,000 calls a day ...

Nov 7, 2016

Glass makers push heat-blocking tech that can reduce energy bills

Major glass makers are trying to increase sales of heat-blocking glass that helps buildings save energy and reduce air conditioning costs. Asahi Glass Co. even has multilayer glass that combines solar cell-embedded glass and glass with a heat-shielding metal coating. The solar cells are ...

German prosecutors widen VW 'dieselgate' probe to board chairman

Nov 7, 2016

German prosecutors widen VW 'dieselgate' probe to board chairman

German prosecutors probing whether Volkswagen executives manipulated the markets in the wake of the “dieselgate” scandal have widened their investigation to include the group’s supervisory board chief, the embattled auto giant said Sunday. VW said the probe had now also ensnared board Chairman Hans ...

Nov 6, 2016

Panasonic raps employees for accepting dinners from suppliers

Panasonic Corp. has disciplined more than 90 employees involved in TV-related procurement deals for accepting dinners from parts suppliers overseas in violation of company rules, a company official said Saturday. The employees had been wined and dined by local parts manufacturers on over 2,000 ...

Electric vehicles need cleaner energy grid: Nissan's Ghosn

Nov 4, 2016

Electric vehicles need cleaner energy grid: Nissan's Ghosn

Electric cars will fall short of helping the environment without cleaner energy to charge the vehicles’ batteries, said Carlos Ghosn, chief executive officer of Nissan Motor Co. and Renault SA. “At least the car industry is bringing a breakthrough, which consists in saying that ...

Fujifilm to buy Takeda's research chemical arm: sources

Nov 3, 2016

Fujifilm to buy Takeda's research chemical arm: sources

Fujifilm Holdings Corp. will purchase Takeda Pharmaceutical Co.’s research chemical unit for roughly ¥200 billion ($1.94 billion) to improve its medical business, sources familiar with the plan said Thursday. Last month, Fujifilm made a successful bid for Wako Pure Chemical Industries Ltd., Japan’s top ...