Business Topics

Jan 13, 2017

McDonald's arranging to sell major stake in Japan unit

McDonald’s Corp. has organized a primary tender to sell a major stake in its Japan unit McDonald’s Holdings Co. (Japan), sources said Thursday. The global fast-food chain owns roughly 50 percent of the unit, of which up to 33 percent will be sold. The ...

Uniqlo quarterly profit up 45 percent after refocus

Jan 12, 2017

Uniqlo quarterly profit up 45 percent after refocus

As it refocused on a strategy aimed at luring thrifty shoppers, Uniqlo’s parent company said Thursday that quarterly net profit jumped by almost half from a year ago. Fast Retailing’s net profit rose 45 percent to ¥70 billion in the fiscal first quarter to ...

Jan 11, 2017

NRG, JX Nippon open $1 billion clean coal power project in Texas

U.S. power generator NRG Energy Inc. and Japanese energy producer JX Nippon Oil & Gas Exploration Corp. have finished the world’s largest system to capture carbon dioxide produced from burning coal at a power plant. The $1 billion Petra Nova project, which collects carbon ...

Despite scandal, VW in running for global sales crown

| Jan 11, 2017

Despite scandal, VW in running for global sales crown

It’s ironic: Volkswagen spent 2016 battling a huge scandal over cars it rigged to cheat on emissions tests. And now it stands a decent chance to pass Toyota for the title of world’s biggest carmaker for the year. Booming business in China helped Volkswagen ...