Business Topics

Alibaba surges 38% on massive demand in market debut

Sep 20, 2014

Alibaba surges 38% on massive demand in market debut

Alibaba Group Holding Ltd. .’s shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history, in a massive bet on China’s ...

As mobile arm struggles, Sony looks to PlayStation

| Sep 19, 2014

As mobile arm struggles, Sony looks to PlayStation

by Sophie Knight

The head of Sony Corp.’s PlayStation division hopes to raise its profit outlook for this year, in stark contrast to the electronics firm’s mobile business, which has forecast deep losses and sent Sony’s stock reeling. With Sony’s three core electronics businesses — the third ...

Sep 18, 2014

Line says shopping app to eclipse sales of stickers, games

Line Corp., operator of the nation’s largest mobile messaging service, says its shopping mall application could become its biggest source of revenue, eclipsing sales from games and character stickers. The Tokyo-based company, owned by South Korea’s Naver Corp., started the Line Mall app in ...

Sep 17, 2014

Panasonic riding Tesla wave to boost battery business in Europe

Panasonic Corp., the main supplier of lithium-ion battery cells to Tesla Motors Inc., has said that cooperation with the electric-car maker on the construction of a massive U.S. battery plant is likely to boost demand from European automakers. “The development with Tesla is catching ...

Pioneer to cut 2,000 jobs in bid to restructure

Sep 16, 2014

Pioneer to cut 2,000 jobs in bid to restructure

Pioneer Corp. said Tuesday it will cut more than 2,000 jobs — 10 percent of its group workforce — through voluntary retirement by employees and sales of noncore businesses to promote its rehabilitation. Pioneer also said it will sell its DJ equipment business for ...