Business Topics

Jul 3, 2015

Ex-chief Machida quits Sharp

Katsuhiko Machida, who had driven Sharp Corp. to the top of the global liquid-crystal display industry, has quit the Japanese company, according to sources. The 72-year-old former president voluntarily resigned as special adviser on June 23, sources said. Machida, who became president in 1998, ...

Jul 2, 2015

Top automakers pony up ¥6 billion for hydrogen stations in Japan

Toyota Motor Corp., Nissan Motor Co. and Honda Motor Co. will together spend around ¥5 billion to ¥6 billion over the next five years to help build hydrogen stations for fuel-cell vehicles in Japan. The financial assistance, designed to partially cover the operating expenses ...

Macy's to dump Trump line

Jul 2, 2015

Macy's to dump Trump line

Macy’s became the latest company to sever ties with a defiant Donald Trump on Wednesday, saying it would end the Trump clothing line following the mogul’s controversial remarks about Mexican immigrants. The move comes on the heels of announcements by Univision and NBC to ...

Sony shares nosedive as investors question fundraising drive

Jul 1, 2015

Sony shares nosedive as investors question fundraising drive

Sony Corp.’s plan for its first share sale in 26 years is straining investors’ faith in Chief Executive Officer Kazuo Hirai’s ability to deliver on growth promises. The company plans to raise about ¥440 billion ($3.6 billion) by selling common stock and convertible bonds ...