Business Topics

Lotte chairman beats back brother's third attempt at ouster

Jun 27, 2016

Lotte chairman beats back brother's third attempt at ouster

Lotte Holdings Co. shareholders voted to leave Lotte Group Chairman Shin Dong-bin in his post of director of the holding company, Lotte Group said in a statement, rejecting a third bid by his brother to seize control of the family-run South Korean conglomerate amid ...

Jun 24, 2016

Taiwan's China Airlines announces strike, disrupting flights to Japan

Taiwan-based China Airlines cancelled some flights to Asia, including Japan, on Friday as its union commenced an “indefinite” strike late Thursday after negotiations with management broke down. China Airlines announced on its website that beginning Friday, all flights departing between 6 a.m. and 10 ...

Jun 24, 2016

NTT Docomo claims $1.17 billion ruling in stake dispute with Tata

NTT Docomo Inc. said a panel awarded the company $1.17 billion in compensation after arbitrators sided with Japan’s largest mobile-phone carrier in a dispute with India’s Tata Sons Ltd. Tata Sons, the holding company of India’s largest conglomerate, has been ordered by the London ...

Jun 23, 2016

GPIF sues Toshiba for losses over accounting scandal

Japan’s $1.3 trillion Government Pension Investment Fund is suing Toshiba Corp. for losses on its investments after an accounting scandal sent the conglomerate’s shares plunging. GPIF is seeking damages of about ¥900 million, said Shinichirou Mori, a spokesman for the fund. The losses related ...