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Burger King buying Tim Hortons for about $11 billion

Aug 26, 2014

Burger King buying Tim Hortons for about $11 billion

Burger King confirmed Tuesday that it struck a deal to buy Tim Hortons Inc. for about $11 billion, a move that could help give the fast-food company a stronger foothold in the coffee and breakfast market. The corporate headquarters of the new company will ...

| Aug 26, 2014

Greenback retreats below ¥104 in Tokyo

The dollar fell back below ¥104 in Tokyo trading Tuesday due to increased profit-taking pressure following a recent sharp advance, as well as a lack of fresh buying incentives. At 5 p.m., the dollar stood at ¥103.88-90, down from ¥104.11-12 at the same time ...

| Aug 26, 2014

Nikkei falls back on profit-taking

Stocks retreated Tuesday, hurt by profit-taking amid a sense of caution over precariously high prices. The Nikkei 225 average ended down 92.03 points, or 0.59 percent, at 15,521.22. On Monday, the key market gauge climbed 74.06 points. The Topix lost 6.30 points, or 0.49 ...

Aug 26, 2014

Trust banks reinforce services ahead of inheritance tax hike

Major trust banks are reinforcing inheritance-related services, anticipating that more people will transfer assets to their descendants ahead of a planned inheritance tax hike in January. The banks aim to attract customers from three generations, emphasizing testamentary trusts, property divisions and trusts for money ...

Japan, ASEAN members hold first talks on regional business promotion

Aug 26, 2014

Japan, ASEAN members hold first talks on regional business promotion

Government officials and business leaders from Japan and the Association of Southeast Asian Nations gathered Tuesday in Myanmar’s capital for their first talks on business promotion. Participants hope to create demand in Southeast Asia in promising sectors such as the environment and medicine, organizers ...

Aug 26, 2014

Fujitsu purchases U.S. defense technology company

Fujitsu Ltd. has acquired GlobeRanger Corp., a Texas-based defense technology company, in the electronics maker’s foray into the U.S. defense and national security market. GlobeRanger makes a U.S. Defense Department-adopted radio frequency identification system for managing information on weapons. Fujitsu bought the company to ...

Aug 26, 2014

JR Tokai formally seeks approval to build maglev train

Central Japan Railway Co. (JR Tokai) filed a formal application Tuesday with the transport ministry for approval to build a magnetically levitated train line linking Tokyo and Nagoya. The company is expected to start construction as early as October following approval by the Land, ...

Aug 26, 2014

Administration may abolish tax break for smaller firms

The Abe administration is considering abolishing a special tax break for small and midsize companies at the end of March in order to finance the corporate tax cut promised the prime minister has promised. The move is expected to draw criticism that the administration ...

Aug 26, 2014

Boeing lands $8.8 billion BOC Aviation order on Asian demand

Boeing Co. won an order for $8.8 billion in jets from BOC Aviation Pte. as the aircraft lessor made its biggest-ever purchase to help meet surging travel demand in Asia. Most of the 82 planes are from Boeing’s top-selling 737 family, split between 50 ...