Business Topics

Feb 17, 2017

Mitsubishi Estate names Junichi Yoshida as new president

Mitsubishi Estate Co. has named Senior Executive Officer Junichi Yoshida as its new president. Yoshida, 58, will succeed Hirotaka Sugiyama, 67, who will step aside to take up the post of chairman at the major Japanese real estate developer, the company said in a ...

Feb 17, 2017

Hitachi teams up with U.S. nuclear giant for British project

Hitachi Ltd. has partnered with Exelon Corp. to promote a nuclear power project in Britain, as it seeks to use the largest U.S. nuclear power plant operator’s expertise in running a reactor, Hitachi said. Horizon Nuclear Power Ltd., Hitachi’s nuclear unit in Britain, is ...

Feb 17, 2017

Sharp lifts profit guidance for fiscal 2016

Sharp Corp. on Friday upgraded its earnings outlook for the year through March on a decline in sales-related costs, forecasting a group operating profit of ¥47.4 billion ($418 million). That is up from the revised projection of ¥37.3 billion announced on Feb. 3. Sharp, ...

Hanjin saga reveals South Korea's corporate governance flaws

Feb 16, 2017

Hanjin saga reveals South Korea's corporate governance flaws

Hanjin Shipping will declare bankruptcy Friday, with the former titan of the global shipping industry and one of South Korea’s powerful family-run “chaebol” finally sinking under billions of dollars of debt. As it heads to a Seoul court to be delivered its last rites, ...