Business Topics

China approves Universal theme park in Beijing

Oct 13, 2014

China approves Universal theme park in Beijing

China has approved the development of a $3.3 billion Universal theme park in Beijing that would be the first major foreign-owned theme park in the Chinese capital. The U.S. company Comcast NBCUniversal and a consortium of four Chinese state-owned companies announced the plan Monday, ...

Service without a smile: Why airlines aren't nice

Oct 12, 2014

Service without a smile: Why airlines aren't nice

Passengers cherish Virgin America for its mood lighting, live TV, fancy cocktails and friendly flight attendants. That nice-guy approach to air travel wins awards and attracts a cult following, but may not fly with Wall Street. For all the accolades, Virgin America has lost ...

Nintendo's new 3DS console hits shelves in Japan

Oct 11, 2014

Nintendo's new 3DS console hits shelves in Japan

Nintendo Co. on Saturday launched the latest version of its 3DS portable game console in Japan in time for the year-end shopping rush, in an effort to prop up its flagging console sales. The New Nintendo 3DS offers clearer 3-D graphics than existing models ...

U.S., U.K. to test big bank collapse in joint model run

Oct 11, 2014

U.S., U.K. to test big bank collapse in joint model run

Regulators from the United States and the United Kingdom will get together in a war room next week to see if they can cope with any possible fall-out when the next big bank topples over, the two countries said on Friday. Treasury Secretary Jack ...

Oct 10, 2014

Moody's boosts Nomura credit rating for first time since 2005

Nomura Holdings Inc.’s credit rating was raised by Moody’s Investors Service for the first time since November 2005 as Japan’s largest brokerage showed improved profitability. The company’s long-term rating was increased by two levels to Baa1 from the lowest investment grade of Baa3, Moody’s ...

Toyota supplier Denso mulls domestic expansion in as yen weakens

Oct 9, 2014

Toyota supplier Denso mulls domestic expansion in as yen weakens

Denso Corp. is giving Prime Minister Shinzo Abe a reason to believe his weak-yen policy will eventually boost investment by manufacturers. The parts maker, Toyota Motor Corp.’s biggest supplier, said it is considering expanding production in Japan. “It’s possible to maintain a certain level ...

Oct 9, 2014

Skylark returns to TSE after eight-year buyout hiatus

Skylark Co., operator of the Bamiyan and Jonathan’s restaurant chains, returned to the Tokyo Stock Exchange’s first section Thursday, eight years after going private in a management buyout. Skylark shares were launched at ¥1,200 apiece, the same as its initial public offering price. The ...

Oct 9, 2014

Three banks to extend uncollateralized loans to recovering Tepco

Three banks have decided to extend uncollateralized loans to Tokyo Electric Power Co. after judging that the beleaguered utility is recovering with government support, according to sources close to the matter. Sumitomo Mitsui Banking Corp., Bank of Tokyo-Mitsubishi UFJ, and Mitsubishi UFJ Trust and ...

Oct 9, 2014

Daihatsu buys Tokyo office building in minicar expansion push

Daihatsu Motor Co., the maker of minicars that is majority-owned by Toyota Motor Corp., bought an office building in Tokyo to strengthen its business in the nation’s largest metropolitan area. Daihatsu will move its 70 Tokyo employees now working in a rented office to ...

Oct 8, 2014

McDonald's Japan warns of first net loss in 11 years

McDonald’s Holdings Co. (Japan) said it will swing into the red for the first time in 11 years this year after sales suffered in the midst of a scandal involving expired meat used by a Chinese supplier. The company now expects to incur a ...