Topics

Jan 18, 2017

Toshiba eyes spinning off flash-memory business

Toshiba Corp. is considering spinning off its key flash-memory business as part of efforts to make up for expected losses in its U.S. nuclear unit, a source familiar with the plan said Tuesday. Toshiba’s advanced NAND-type flash memory, which is used for devices such ...

Toyota, Shell among giants betting $10.7 billion on hydrogen

Jan 18, 2017

Toyota, Shell among giants betting $10.7 billion on hydrogen

Toyota Motor Corp. and four of its car-making peers are joining oil and gas giants including Royal Dutch Shell PLC and Total SA with plans to invest a combined €10 billion ($10.7 billion) in hydrogen-related products within five years. In all, 13 energy, transport ...

| Jan 18, 2017

Tokyo stocks rebound on buying on dips

Stocks rebounded on the Tokyo Stock Exchange Wednesday, supported by buying on dips after a two-day fall. The 225-issue Nikkei average gained 80.84 points, or 0.43 percent, to close at 18,894.37. On Tuesday, the key market gauge tumbled 281.71 points. The Topix index of ...

Jan 18, 2017

Mizuho, Sumitomo Mitsui Trust eye merging asset management banking arms

Mizuho Financial Group Inc. and Sumitomo Mitsui Trust Holdings Inc. are discussing integrating their asset management banking businesses, sources said Wednesday. The integration across their traditional keiretsu groupings is aimed at boosting the scale of the business to curb costs and implement streamlining at ...

Jan 18, 2017

Labor law violations detected at 6,659 firms across Japan last year

Some 6,659 businesses across Japan violated labor laws between April and September last year and were ordered to correct illegal practices, the labor ministry said Tuesday. The ministry’s labor standards supervision offices inspected more than 10,000 businesses suspected of forcing employees to work excessively ...