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Hon Hai still in running for Toshiba Memory, Gou says

Taiwan’s Hon Hai Precision Industry Co., also known by its trade name Foxconn, isn’t giving up on acquiring Toshiba Corp.’s memory chip unit, its chairman said Thursday. “The Toshiba deal is far from over,” Hon Hai Chairman Terry Gou said at the outset of the company’s stockholders meeting in New ...

Son to pick successor from Softbank Group

/ Jun 22, 2017

Son to pick successor from Softbank Group

Softbank Group Corp. Chairman and Chief Executive Officer Masayoshi Son said that he will pick his successor from executives at group companies. At a general shareholders meeting in Tokyo, Son said his successor “will be a person who plays an important role with me ...

Takata likely to file for bankruptcy protection on Monday

/ Jun 22, 2017

Takata likely to file for bankruptcy protection on Monday

Struggling air bag maker Takata Corp. is apparently ready to file for bankruptcy protection Monday under the civil rehabilitation law, informed sources said Thursday. Takata, reeling from global recalls of its defective air bag inflators, aims to achieve a turnaround through court-led rehabilitation after ...

Uber CEO Kalanick quits under pressure from investors

/ Jun 21, 2017

Uber CEO Kalanick quits under pressure from investors

Travis Kalanick, the combative and troubled CEO of ride-hailing giant Uber, resigned Tuesday under pressure from investors. The company’s board confirmed the move early Tuesday, saying in a statement that Kalanick is taking time to heal from the death of his mother in a ...