Business Topics

Hitachi chief signals partnerships needed to revive reactor business

Oct 28, 2016

Hitachi chief signals partnerships needed to revive reactor business

Hitachi Ltd. President Toshiaki Higashihara said Thursday the company needs to consider joining forces with other players to get its poorly performing nuclear reactor business revived. Hitachi cannot leave its nuclear business floundering, Higashihara told a press conference in Tokyo. “Something like a tie-up ...

Oct 27, 2016

Twitter to cut 9% of staff, plots new growth strategy

Twitter announced plans Thursday to cut 9 percent of its workforce as the struggling social network reaffirmed its strategy to drive growth after failing to find a buyer. “We see a significant opportunity to increase growth as we continue to improve the core service,” ...

Oct 26, 2016

Canon revises down full-year earnings forecast due to higher yen

Canon Inc. on Wednesday revised downward its full-year group earnings forecast for this year, citing the persistent higher yen and sluggish sales in emerging economies. In the year ending Dec. 31, the maker of printers, photocopiers and cameras expects a group net profit of ...

Oct 26, 2016

Shigemitsu to continue as vice chairman of Japan's Lotte

Japan’s Lotte Holdings Co. decided at a board meeting Wednesday to let Akio Shigemitsu continue serving as the firm’s vice chairman. The decision followed a news conference in Seoul on Tuesday in which Shigemitsu expressed his intention to remain chairman of South Korean conglomerate ...