Business Topics

Nov 26, 2014

Bitcoin exchange Kraken to help in Mt. Gox bankruptcy

U.S. bitcoin exchange operator Payward Inc said on Wednesday it will work on retrieving some millions of dollars lost by Tokyo-based Mt. Gox, once the world’s largest bitcoin exchange before it collapsed in bankruptcy this year. Kraken, Payward’s bitcoin exchange, will assist Mt. Gox’s ...

Shareholders OK Daiei's plan to become fully owned Aeon unit

Nov 26, 2014

Shareholders OK Daiei's plan to become fully owned Aeon unit

During an extraordinary meeting on Wednesday, shareholders of Daiei Inc. approved the struggling supermarket chain’s plan to become a wholly owned unit of major retailer Aeon Co. through equity swaps in January next year. Through the Aeon group’s realignment, the trade name of Daiei ...

AMEX looks to double Japan profit

Nov 26, 2014

AMEX looks to double Japan profit

by Minoru Matsutani

The Japanese unit of American Express Co. wants to double its profit and market share by attracting owners of small companies as customers and increasing partnerships with other card issuers, its president said Wednesday. “We don’t have a time frame, but we want to ...

Hackers reportedly attack Sony Pictures, threaten to release data

Nov 26, 2014

Hackers reportedly attack Sony Pictures, threaten to release data

Sony Pictures’ computer network has reportedly come under cyberattack, with hackers threatening to release key information from the group’s entertainment division. Sony did not respond to a request for comment Tuesday. But the news site The Next Web reported that all Sony employees at ...

Sony's mobile business wants to reduce costs 30% by March 2017

Nov 25, 2014

Sony's mobile business wants to reduce costs 30% by March 2017

Sony Corp.’s mobile communication business aims to cut costs by 30 percent over the next two years to meet its goal of reversing the division’s losses. Hiroki Totoki, the newly appointed head of the mobile division, said Tuesday that key reform measures will include ...

Nov 22, 2014

EU Parliament mulls breaking up Google to curb its dominance in search

The European Parliament is preparing a nonbinding resolution that proposes splitting Google Inc.’s search engine operations in Europe from the rest of its business as one option to rein in the Internet company’s dominance in the search market. European politicians have grown increasingly concerned ...