Business Topics

Toyota announces closure date for plant near Melbourne

Jan 31, 2017

Toyota announces closure date for plant near Melbourne

Toyota Australia has announced that it will end vehicle production at its Altona plant near Melbourne in early October, more than halving its local workforce. Toyota said in 2014 it would end production in Australia this year but had not set a closure date ...

Jan 31, 2017

Canon CFO says investing in Toshiba's chip business 'difficult'

Canon Inc. views it as difficult to invest in Toshiba Corp.’s flash memory business because the company already has a number of investment projects going on and sees little time left to assess its property, Canon Chief Financial Officer Toshizo Tanaka said Tuesday. Speaking ...

Nintendo's third quarter profit jumps on Pokemon game sales

Jan 31, 2017

Nintendo's third quarter profit jumps on Pokemon game sales

Nintendo Co.’s third-quarter profit more than doubled from a year earlier on healthy sales of Pokemon game software, the company said Tuesday. Nintendo, which makes Super Mario games and will start selling the Switch console March 3, reported a better-than-expected October-December profit of ¥64.7 ...

Trust banks plan ¥1 billion lawsuit against Toshiba

Jan 30, 2017

Trust banks plan ¥1 billion lawsuit against Toshiba

Mitsubishi UFJ Trust and Banking Corp. and an affiliated trust bank plan to sue scandal-ridden Toshiba Corp. for ¥1 billion over losses incurred from a major accounting scandal that sent its share price plummeting, a source close to the matter said Monday. The potential ...