Business Topics

Jul 25, 2014

Sharp to pull out of last overseas solar panel venture

In a further reorganization of its solar business, Sharp Corp. is pulling out of its Italian solar venture, its last overseas panel manufacturing plant. The Osaka-based company agreed to transfer its one-third stake in 3Sun Srl to partner Enel Green Power SpA, Sharp said ...

Jul 25, 2014

Mizuho to loan $500 million to Petrobras

Mizuho Bank plans to extend $500 million in loans to state-owned Brazilian oil firm Petrobras, informed sources said Friday. The move comes as Prime Minister Shinzo Abe leaves Friday for a five-nation Latin American tour that will include Brazil. Mizuho and Petrobras will sign ...

Jul 25, 2014

McDonald's Japan switches chicken sourcing to Thailand

McDonald’s Co. (Japan) said Friday that it has halted sales of all products containing chicken meat from China and switched sourcing completely to Thailand. The fast-food giant’s Japan business had already stopped selling items made with meat sourced from Shanghai Husi Food Co., a ...

Jul 25, 2014

LVMH profit trails estimates as Japan tax hike hits fashion biz

LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods company, reported first-half earnings that trailed estimates as the strength of the euro weighed on growth and the first stage of the Japanese tax hike hurt sales of fashion and leather goods. Profit from ...

Jul 24, 2014

Itochu crafts $1 billion tie-up with Thailand's CP Group

Itochu Corp on Thursday entered into a $1 billion tie-up with Thai billionaire Dhanin Chearavanont’s Charoen Pokphand Group, targeting rising demand for meat and livestock products in China and elsewhere in Asia. Japan’s third-largest trading house is cementing ties with a company that has ...

Jul 24, 2014

Kintetsu department store woos foreign shoppers

Kintetsu Department Store Co. wants more foreign customers to shop at its flagship store, which opened in Japan’s tallest skyscraper in March, President Keiji Takamatsu said. In a recent interview, Takamatsu said the Osaka-based company wants to raise 3 percent of its overall revenue ...

Jul 24, 2014

Protective Life shareholder sues over $5.7 billion Dai-ichi deal

Protective Life Corp. is being sued by a shareholder who says a proposed $5.7 billion purchase of the company by Dai-ichi Life Insurance Co. is unfair to investors because other potential bidders were locked out. Dai-ichi, the nation’s second-largest life insurer, announced last month ...

Jul 24, 2014

ANA to launch daily Haneda-Nagoya flights in October

All Nippon Airways Co. says it will launch daily round-trip flights between Tokyo’s Haneda airport and Chubu Centrair International Airport starting Oct. 26 to better serve travelers going overseas from central Japan. The move ties in with ANA’s launch in March of international services ...