Business Topics

Feb 3, 2015

Nomura said to shrink U.S. high-grade debt unit

Nomura Holdings Inc. is retreating from U.S. investment-grade corporate credit trading after last year’s bout of volatility in fixed-income markets, two people with knowledge of the decision said. It cut a group last week that was focused on brokering the debt, including Timothy Everitt ...

Skymark shares plunge 88% on Tokyo Stock Exchange

Feb 2, 2015

Skymark shares plunge 88% on Tokyo Stock Exchange

Shares in Skymark Airlines Inc., which filed for bankruptcy last week, suffered a record plunge Monday after the Tokyo Stock Exchange scrapped the daily price fluctuation limit. They slumped 88 percent to ¥19 as of the close. The stock fell as low as ¥16 ...

Jan 30, 2015

Toshiba to exit TV business in North America

Toshiba Corp. said Thursday it will stop developing and selling televisions in North America, licensing the business to a Taiwanese firm, as the Japanese electronics-maker showed robust earnings for the April to December period. Toshiba, facing intensifying price competition in the global TV market, ...

Jan 29, 2015

Nomura surprises with profit surge on banking, asset management

Upending analysts’ estimates for a decline, Nomura Holdings Inc.’s third-quarter profit surged unexpectedly, led by fees from investment banking and asset management. Net income climbed 45 percent to ¥70 billion for the three months ended Dec. 31 from ¥48.3 billion a year earlier, Japan’s ...

Jan 29, 2015

Shikoku shipbuilder to build first new dock in 16 years

Imabari Shipbuilding Co. said Thursday it will invest around ¥40 billion to build its first new dock in 16 years because the weaker yen has improved its competitiveness. The dock will be completed by October 2016 in Marugame, Kagawa Prefecture, to build 11 huge ...

Toyota gets blowback from China after Abe plugs hydrogen car

Jan 29, 2015

Toyota gets blowback from China after Abe plugs hydrogen car

Toyota Motor Corp., already falling behind competitors in China’s car market, is encountering a backlash from Chinese media over Prime Minister Shinzo Abe’s endorsement of its new Mirai fuel cell sedan. The automaker will face “turbulence” in its China sales after delivering its first ...

McDonald's chief pays price for fast-food giant's mounting woes

Jan 29, 2015

McDonald's chief pays price for fast-food giant's mounting woes

Fast-food giant McDonald’s replaced President and Chief Executive Officer Donald Thompson on Wednesday, after the company turned in another poor quarter of sales and earnings last week. The firm behind the world-famous Big Mac had been under pressure from investors to take swift action ...