Business Topics

May 23, 2013

Nikkei stretches winning streak to fourth session

The Nikkei 225 average climbed for the fourth straight session Wednesday on the heels of gains in overseas stocks overnight, ending at its highest level in nearly 65 months. The Nikkei closed up 246.24 points, or 1.60 percent, at 15,627.26, its best finish since ...

May 23, 2013

Teens savvy about online privacy: study

U.S. teenagers are sharing more information about themselves on social-media sites, but taking steps to protect their privacy online, a study showed Tuesday. The new survey showed 91 percent of those surveyed posted a photo of themselves, up from 79 percent in 2006; 71 ...

May 23, 2013

Greenback hovers around ¥102.80

The dollar was stuck in a narrow range around ¥102.80 in Tokyo trading Wednesday as a wait-and-see mood grew before U.S. Federal Reserve Chairman Ben Bernanke’s closely watched congressional testimony later in the day. At 5 p.m., the dollar stood at ¥102.79-80, up from ...

May 23, 2013

Chubu Electric, Tepco to build coal-fired plant

Chubu Electric Power Co. plans to establish a joint special purpose company with Tokyo Electric Power Co. to build and operate a coal-fired power plant, industry sources said Wednesday. Chubu is expected to shoulder most of the construction cost for the 600,000-kw plant, which ...

Yahoo unveils makeover of Flickr photo hosting site

May 22, 2013

Yahoo unveils makeover of Flickr photo hosting site

Reinvigorated technology player Yahoo on Monday unveiled a dusted-off design of its Flickr photo platform only hours after the company’s dramatic acquisition of blogging site Tumblr. Yahoo CEO Marissa Mayer, maintaining her ambition was to make Flickr “awesome again,” said the new site will ...

Toyoda takes second in car race

May 22, 2013

Toyoda takes second in car race

Toyota Motor Corp. President Akio Toyoda took the steering wheel in the Nurburgring 24-hour endurance race through Monday in western Germany, with his team finishing second in its class, the automaker said. Toyoda teamed with three professional drivers to race a Lexus LF-A in ...

Softbank to sell ¥400 billion in bonds

May 22, 2013

Softbank to sell ¥400 billion in bonds

by Yusuke Miyazawa

Softbank Corp. plans to sell ¥400 billion in bonds targeting individual investors to fund its $20.1 billion purchase of Sprint Nextel Corp. The mobile phone company will price the five-year notes to yield from 1.25 percent to 2.25 percent on June 3, according to ...

May 22, 2013

Japan Post Holdings' next outside directors to include Mitarai

Japan Post Holdings Co. plans to name four people from the business community, including Canon Inc. President and Chairman Fujio Mitarai, 77, as outside board directors under its new management team to be launched shortly. The three others are Nippon Steel & Sumitomo Metal ...