Business Topics

Jul 2, 2015

Top automakers pony up ¥6 billion for hydrogen stations in Japan

Toyota Motor Corp., Nissan Motor Co. and Honda Motor Co. will together spend around ¥5 billion to ¥6 billion over the next five years to help build hydrogen stations for fuel-cell vehicles in Japan. The financial assistance, designed to partially cover the operating expenses ...

Macy's to dump Trump line

Jul 2, 2015

Macy's to dump Trump line

Macy’s became the latest company to sever ties with a defiant Donald Trump on Wednesday, saying it would end the Trump clothing line following the mogul’s controversial remarks about Mexican immigrants. The move comes on the heels of announcements by Univision and NBC to ...

Sony shares nosedive as investors question fundraising drive

Jul 1, 2015

Sony shares nosedive as investors question fundraising drive

Sony Corp.’s plan for its first share sale in 26 years is straining investors’ faith in Chief Executive Officer Kazuo Hirai’s ability to deliver on growth promises. The company plans to raise about ¥440 billion ($3.6 billion) by selling common stock and convertible bonds ...

Jun 30, 2015

Sharp in 'selective default,' S&P says

Troubled electronics maker Sharp is in “selective default,” ratings agency S&P said, the latest blow to the one-time giant as it struggles to repair a tattered balance sheet. The move comes after Sharp announced that it was issuing preferred securities to its main lenders, ...

Jun 29, 2015

Aozora Bank completes repayment of bubble-era bailout

Aozora Bank on Monday finished repaying the government for all the public money injected into its nationalized predecessor, Nippon Credit Bank, during Japan’s nonperforming loan crisis in the late 1990s, officials from the lender said. On Monday, Aozora paid back some ¥143.4 billion to ...