Business Topics

Satoru Iwata, Nintendo CEO, dies of cancer at 55

Jul 13, 2015

Satoru Iwata, Nintendo CEO, dies of cancer at 55

Nintendo said Monday that its chief executive, Satoru Iwata, has died of bile duct cancer at the age of 55, several months after he abandoned the Japanese video game giant’s consoles-only policy. In a brief statement, the Kyoto-based firm said Iwata passed away on ...

Toshiba president pressed subordinates to improve profits

Jul 10, 2015

Toshiba president pressed subordinates to improve profits

The president of Toshiba Corp., which has been embroiled in an accounting scandal, placed intense pressure on his subordinates to meet profit targets, potentially driving them to pad profits, sources familiar with the matter said Friday. President Hisao Tanaka made phone calls and sent ...

Jul 10, 2015

Rainy season dampens Uniqlo's sales forecast

Fast Retailing Co. raised doubt about meeting its own sales targets for Uniqlo casual wear sales in the current quarter as unseasonably cool weather dampened demand for summer items. The apparel retailer on Thursday maintained its forecast for annual profit at ¥120 billion, 9.8 ...

Jul 10, 2015

Takata rejects U.S. senator's call for air-bag victim fund

Takata Corp has rejected a U.S. senator’s request to set up a fund that would compensate people injured or killed by its air bags. The Tokyo-based auto supplier notified Sen. Richard Blumenthal of its decision after the Connecticut Democrat called for a fund similar ...

New Honda chief discusses air bags, Asimo

Jul 9, 2015

New Honda chief discusses air bags, Asimo

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Although the root cause of Takata Corp.’s deadly air bag malfunctions remains unclear, Honda’s new president on Thursday tried to reassure drivers and passengers that recalled vehicles are rendered safe with replacement inflators. “Takata told us that the new inflator is safe, and we ...