Business Topics

Oct 27, 2014

Sanyo to hand over N. American TV business to Funai

Sanyo Electric Co. plans to hand over its television operations in North America to Funai Electric Co., informed sources said Sunday. The sale is part of efforts by parent Panasonic Corp. to improve profitability. Funai currently sells liquid crystal display TVs in North America ...

Oct 27, 2014

Resona to offer 24-hour money transfer service

Resona Holdings Inc. plans to make money transfer services among clients available 24 hours a day, 365 days a year, starting next April, sources said. Retail clients with accounts at three group banks — Resona Bank, Saitama Resona Bank and Kinki Osaka Bank — ...

For Panasonic, life after gadgets enriched by self-driving cars

Oct 27, 2014

For Panasonic, life after gadgets enriched by self-driving cars

Panasonic Corp.’s ratings upgrade last week shows that its investment in self-driving autos and car batteries has breathed new life into the company as it scales back on consumer electronics. Japan’s Rating & Investment Information Inc. raised its ranking on the company one level ...

Oct 27, 2014

Fujifilm to buy U.S. vaccine maker to expand biopharmaceutical business

Fujifilm Corp. said Monday it will acquire U.S. vaccine maker Kalon Biotherapeutics LLC to expand its biopharmaceutical business, with the Tokyo-based firm already having gained prominence for offering a possible treatment for Ebola patients. A Fujifilm subsidiary in the United States last Wednesday signed ...

Oct 25, 2014

Japan gets first dibs on new Lexus RC coupe

Toyota Motor Corp. has added a sports coupe to its Lexus range and launched it in Japan ahead of other markets. The new RC coupe, with a sticker price of ¥5.65 million, is being rolled out along with the higher-performance RC F version starting ...

Oct 24, 2014

MHI, Chiyoda plan first offshore hydrogen plant

Mitsubishi Heavy Industries Ltd. and Chiyoda Corp. will jointly launch a project to build the world’s first offshore hydrogen production plant, NHK reported Friday. Mitsubishi Heavy Industries, a major shipbuilder, and Chiyoda, which develops hydrogen production technology, aim to create a ship-type plant to ...