Business Topics

Driving systems in spotlight at high-tech fair

Automakers rolled out their advanced driving technologies and IT-equipped vehicles for the opening of Japan’s major high-tech fair Tuesday. More carmakers are joining electronics companies at the CEATEC Japan exhibition this year as vehicles increasingly employ advanced information technology. Honda Motor Co. and Mazda Motor Corp. are exhibiting their products ...

Oct 1, 2013

Yoshinoya to grow rice in Fukushima

Yoshinoya Holdings Co. said Tuesday it will grow rice and vegetables in Fukushima Prefecture through a joint venture with local farmers. The move is aimed at building a stable supply of agricultural products at lower prices for Yoshinoya’s chain of “gyudon” beef-on-rice restaurants and ...

Oct 1, 2013

Osaka Gas to enter U.K. tap water industry

Osaka Gas Co. said Monday it will buy a big stake in a utility supplying tap water to London and surrounding areas from Sumitomo Corp. By acquiring a 50 percent stake in Summit Water U.K. Ltd., the parent of Sutton and East Surrey Water ...

Full electric future still far off, says Toyota chair

Oct 1, 2013

Full electric future still far off, says Toyota chair

Toyota Chairman Takeshi Uchiyamada rode his pioneering work on the Prius hybrid to the top of the world’s biggest car company. But that doesn’t mean he is a zealot when it comes to the growing expectations for electric vehicle technology. The technical barriers to ...

Son says quality of network 'is critical'

Sep 30, 2013

Son says quality of network 'is critical'

by Kazuaki Nagata

Softbank Corp. President Masayoshi Son said Monday that providing a quality communications network will be even more critical now that all three major carriers are selling the iPhone. “The scene of the cellphone industry is changing,” Son said during an event unveiling Softbank’s winter-spring ...

Sep 27, 2013

Toray in deal to buy U.S. carbon fiber maker Zoltek

Toray Industries Inc., which makes the carbon fiber used in Boeing Co.’s 787 Dreamliner, has agreed to buy Zoltek Companies Inc. for $584 million (about ¥57.6 billion) to expand into markets including windmill blades and auto parts. Toray, based in Tokyo and the world’s ...

Sep 27, 2013

Nissan's free recharges imitate Tesla playbook

Nissan Motor Co., the most prolific maker of electric cars, plans to offer free rapid charges for its battery-powered Leaf hatchback for new customers in Texas, experimenting with a strategy pioneered by Tesla Motors Inc. Starting Oct. 1, people who buy or lease a ...

Sep 27, 2013

EBay to buy online payment provider

E-commerce giant eBay Inc. has reached a deal to buy online and mobile payment technology provider Braintree for $800 million in cash. The move comes as eBay’s PayPal unit works to evolve from its roots as an online payment provider, expanding its offline, mobile ...

Sep 27, 2013

Ford acquires access start-up

Ford Motor Co. said Thursday that it acquired the start-up company Livio in a bid to accelerate its efforts to help drivers safely access content on their smartphones while on the road. Livio, which is based in the Detroit suburb of Ferndale, develops software ...

Sep 26, 2013

Nidec to buy out Mitsubishi Material's motor-making unit

Precision motor manufacturer Nidec Corp. said Thursday it will buy out a Mitsubishi Materials Corp. subsidiary that makes motors for automobiles as it prepares to jump into the growing market for such products. The acquisition of Mitsubishi Materials C.M.I. Corp. will enhance Nidec’s product ...

Sep 26, 2013

Lixil to pay $4 billion for Grohe of Germany

German sanitary fittings maker Grohe said Thursday that housing and building materials company Lixil has agreed to take it over in a deal valuing the German group at €3.06 billion ($4.1 billion). Grohe “has entered into an agreement with Lixil and Development Bank of ...