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Chinese tourists fueling boom in sightseeing buses

Jul 30, 2015

Chinese tourists fueling boom in sightseeing buses

The surge in Chinese visitors to Japan is sparking a boom in demand for tour buses to take them shopping and sightseeing. Mitsubishi Fuso Truck and Bus Corp. said it has received more orders for large-sized sightseeing buses during the first half of this ...

Uber cars damaged in Mexico City; cabbies slam rideshare apps

Jul 30, 2015

Uber cars damaged in Mexico City; cabbies slam rideshare apps

A raucous crowd attacked Uber drivers and their vehicles with clubs and stones outside the Mexico City airport, the company said Wednesday, as licensed taxi drivers demonstrated to demand a “total halt” to app-based rideshare services in the capital. Video of the incident showed ...

Jul 29, 2015

Nissan group net profit hits record ¥152.8 billion in April-June

Nissan Motor Corp. reported Wednesday a record group net profit of ¥152.8 billion for the April-June quarter, up 36.3 percent from a year earlier, reflecting strong sales in North America and Europe and the weak yen. Nissan’s consolidated operating profit rose 58 percent to ...

Jul 29, 2015

Tepco's quarterly profit triples as fuel prices plunge

Tokyo Electric Power Co., operator of the wrecked Fukushima No. 1 nuclear plant, said its first-quarter operating profit tripled as a drop in fuel prices helped cut costs. Tepco, as Japan’s biggest utility is known, posted an operating profit of ¥228.3 billion ($1.85 billion) ...

Panasonic three-month net profit soars more than 50%

Jul 29, 2015

Panasonic three-month net profit soars more than 50%

Japanese electronics giant Panasonic Corp. said Wednesday that its net profit soared 57 percent from a year ago, mainly thanks to a tax accounting change as the electronics giant continues to reshape its business. The Osaka-based firm’s earnings for the three months to June ...

Jul 29, 2015

Nissan profits beat estimates as deliveries increase in U.S.

Nissan Motor Co. reported profits that beat analyst estimates as deliveries increased in the U.S., its biggest market. Net income rose to ¥152.8 billion ($1.2 billion) in the quarter ended June from ¥112.1 billion a year earlier, Nissan said on Wednesday. That exceeded the ...