Topics

Jul 2, 2015

U.S. probes whether airlines collude to keep airfares high

The U.S. Department of Justice said on Wednesday it is investigating whether U.S. airlines worked together illegally to keep airfares high by signaling plans to limit flights. The Justice Department wrote to major U.S. air carriers demanding that they detail decisions to limit the ...

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 ...

| Jul 1, 2015

Tokyo stocks rise on BOJ's tankan results

Stocks gained ground on the Tokyo Stock Exchange Wednesday, supported by stronger-than-expected results in the Bank of Japan’s tankan quarterly business sentiment survey. The 225-issue Nikkei average gained 93.59 points, or 0.46 percent, to close at 20,329.32. On Tuesday, the key market gauge rose ...

Jul 1, 2015

Tankan shows unexpected improvement in manufacturer confidence

Sentiment among large manufacturers improved for the first time in three quarters in June, a Bank of Japan survey showed Wednesday, in a positive sign that runs counter to indications of a slowing economic recovery. The Tankan big manufacturer index rose to 15 from ...

Jul 1, 2015

Land prices rise in 10 prefectures, but overall trend is down

Land prices in Japan rose in 10 prefectures over the year to Jan. 1, the National Tax Agency said in an annual report released Wednesday. In the previous year of measurement, prices rose in eight prefectures. But nationwide prices declined an average 0.4 percent ...

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 ...

Obama pushing to widen overtime pay coverage to include managers

Jul 1, 2015

Obama pushing to widen overtime pay coverage to include managers

They’re called managers, and they sometimes work grueling schedules at fast food chains and retail stores. But with no overtime eligibility, their pay may be lower per hour than many workers they supervise. With those employees in mind, the Obama administration is proposing making ...