Business Topics

Netflix shares soar, set to be split 7-for-1

Jun 24, 2015

Netflix shares soar, set to be split 7-for-1

Online television streaming titan Netflix announced plans Tuesday for a 7-to-1 split of its high-flying shares of stock. The Netflix board approved a plan to award six shares for each common stock share owned as of July 14 of this year, the California-based company ...

Jun 23, 2015

Sharp CEO faces calls for resignation as shareholder anger mounts

Sharp Corp. Chief Executive Officer Kozo Takahashi was approved by shareholders on Tuesday after facing calls for his resignation at the struggling Japanese television and display maker’s annual meeting. “Letting the president stay is unacceptable,” one elderly stock-owner said at the meeting in Osaka, ...

Jun 23, 2015

Sapporo files protest after tax authorities reject refund request

Sapporo Breweries Ltd. filed a protest over national tax authorities’ earlier decision to refuse the brewery’s request for a tax refund. The beer maker lodged the protest with regional tax authorities in four prefectures and Hokkaido. The authorities rejected in April refunding ¥11.5 billion ...

Jun 23, 2015

Tourism boom in Japan prompts cross-industrial tie-ups

Major Japanese companies are looking to form cross-industrial alliances as they seek to capitalize on an increasing number of foreign tourists visiting Japan. Panasonic Corp. and JTB Corp. said Monday they will team up to offer new services by combining the electronics giant’s strength ...