Business Topics

Apr 27, 2016

Toshiba reduces projected loss for 2015 business year

Toshiba Corp. has said it plans to book an asset impairment loss of around ¥260 billion in its results for the year to March 31 by writing down the value of its U.S. nuclear power subsidiary Westinghouse Electric Co., which it acquired in 2006. ...

Wacoal recalls 10,000 sets of fire-risk pajamas

Apr 26, 2016

Wacoal recalls 10,000 sets of fire-risk pajamas

Wacoal Holdings Corp. announced Monday a recall of around 10,000 pairs of potentially flammable pyjamas sold by its subsidiary. The underwear maker will recall five kinds of pyjamas sold under the name Unna Kuru. The garments were sold from its shops and via catalog ...

Apr 26, 2016

Daimler, Ford brace for scrutiny after emission scandals

Carmakers have to be clearer about the way they certify their fuel economy and emission ratings as regulators ramp up scrutiny over the gap between laboratory results and on-road conditions, according to Daimler AG Chief Executive Officer Dieter Zetsche. “You can only be transparent ...

Apr 26, 2016

Mitsubishi Motors executives skip Beijing car show

Mitsubishi Motors Corp.’s senior executives skipped the Beijing car show as the automaker grapples with the fallout from its mileage fraud admission. That did not stop its local joint venture from declaring it wants to become the top SUV brand in the world’s largest ...

Toyota to boost hybrids in China despite Beijing subsidies snub

Apr 25, 2016

Toyota to boost hybrids in China despite Beijing subsidies snub

Toyota Motor Corp., the dominant maker of gasoline-electric autos, will push forward with its strategy to build and sell hybrid models in China, in spite of the government’s unwillingness to subsidize the technology. The Japanese automaker wants to bring a hybrid version of its ...

Apr 25, 2016

Mizuho Securities keen to expand business in U.S.

Mizuho Securities Co. plans to strengthen businesses including corporate bond underwriting in the United States and intermediation of corporate mergers and acquisitions, President Tatsufumi Sakai has said. Sakai, who assumed the presidency on April 1, also said the company was considering increasing the number ...