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Dec 23, 2014

Skymark shares dive as Airbus moves toward lawsuit

Shares in Japan’s struggling Skymark Airlines slumped more than 16 percent Monday after it said Airbus was moving closer to filing a lawsuit over a failed $2.2 billion jet order. The Tokyo-listed stock plunged 63 points to ¥319 after the airline said in a ...

Dec 23, 2014

U.S. home sales hit slowest pace in six months in November

Fewer Americans bought homes in November as buying slid to its slowest pace in six months. The National Association of Realtors said Monday that sales of existing homes fell 6.1 percent to a seasonally adjusted annual rate of 4.93 million. That was down from ...

Dec 23, 2014

Gucci to check Chinese suppliers after TV exploitation charges

Italian fashion house Gucci said on Monday it would strengthen controls on its suppliers after a television program showed Chinese employees working more than three times their official hours to assemble its handbags. The head of a Gucci subcontractor told an investigative program broadcast ...

Dec 23, 2014

H.I.S. to launch Russian jet tour of stratosphere

Japanese travel agency H.I.S. Co. will launch a Russian jet tour that will take passengers into the stratosphere, Jiji Press learned Monday. The tour will allow participants to see the blue surface of Earth against a background of space, reliving the experience of former ...

Sales tax hike stymies domestic car sales: JAMA

Dec 22, 2014

Sales tax hike stymies domestic car sales: JAMA

by Kazuaki Nagata

Major Japanese carmakers may have benefited from the yen’s sharp decline this year, but they were also hurt by the consumption tax hike and prospects for the domestic market appear dim, Fumihiko Ike, chief of the Japan Automobile Manufacturers Association, said Monday. “2014 has ...

| Dec 22, 2014

Nikkei edges higher on weak yen

Stocks advanced Monday on the back of the New York market’s strength and the weaker yen. But their gains were limited due to profit-taking and position-adjustment selling ahead of the Emperor’s Birthday holiday Tuesday. The Nikkei 225 average rose 13.74 points to end at ...

Dec 22, 2014

Tax cut eyed for eco-friendly minivehicles

The government and the ruling parties plan to introduce a tax cut for eco-friendly minivehicles in the fiscal year beginning next April 1. The tax cut is for “kei” class minivehicles, which have an engine displacement of 660 cc or less and a maximum ...