Business Topics

Apple joins blue-chip Dow index; AT&T gets booted

Mar 7, 2015

Apple joins blue-chip Dow index; AT&T gets booted

Apple is in. AT&T is out. In another milestone for the popular and profitable iPhone giant, Apple will replace AT&T in the venerable Dow Jones industrial average on March 19, the manager of the index announced Friday. The move isn’t likely to affect the ...

Mar 6, 2015

Major banks in U.S. all pass first phase of stress tests

The 31 largest banks in the United States passed the first phase of regulatory stress tests, the Federal Reserve announced Thursday. But the three leading investment banks Goldman Sachs, JPMorgan Chase and Morgan Stanley were among the worst performers, mainly because of their greater ...

| Mar 4, 2015

Bout of caution sends Nikkei lower

Stocks retreated Wednesday, weighed down by selling amid a sense of caution over the recent rapid pace of advance. The Nikkei 225 average fell 111.56 points to end at 18,703.60. On Tuesday, the key market gauge lost 11.72 points. The Topix slumped 9.82 points ...

| Mar 3, 2015

Dollar edges lower to ¥119.74 in Tokyo

The dollar drifted lower in Tokyo on Tuesday, failing to carry over momentum gained overseas as the stock market’s slack performance disappointed investors. At 5 p.m., the dollar was at ¥119.74-74, down from ¥119.84-85 at the same time Monday. The euro was at $1.1204-1204, ...

| Mar 3, 2015

Nikkei falls back moderately

The Nikkei 225 average closed slightly lower Tuesday, hurt by profit-taking after the recent surge, but its downside was limited thanks to buying on dips. The key market gauge lost 11.72 points to close at 18,815.16 after adding 28.94 points Monday. The Topix rose ...

Mar 3, 2015

Securities firms focusing on junior NISA

A junior version of the Nippon Individual Savings Account, a tax-free small-investment system modeled on Britain’s Individual Savings Account program, is attracting attention from the brokerage industry in Japan. A junior NISA system will allow grandparents and parents to transfer their financial assets to ...