Business Topics

Mar 1, 2013

Dollar climbs back over ¥92.30

The dollar firmed above ¥92 in Tokyo trading Thursday as market participants regained their risk appetite on the back of the upbeat stock market. At 5 p.m., the dollar was quoted at ¥92.34-35, up from ¥91.83-83 at the same time Wednesday. The euro stood ...

Mar 1, 2013

Nikkei rallies on U.S. gains, month-end buying

Stocks bounced back sharply Thursday, buoyed by hefty gains on Wall Street and purchases from fund managers attempting to spruce up their portfolios at the end of the month. The Nikkei 225 average closed up 305.39 points, or 2.71 percent, at 11,559.36. On Wednesday, ...

Mar 1, 2013

Yahoo fuels fresh debate over telecommuting

Telecommuting, a growing trend in the U.S. workplace, is coming under fresh scrutiny following news that Yahoo is curbing the practice. The trend of working from home has been gaining steam for decades as part of a workplace evolution that allows greater family-work balance ...

Lew confirmed as U.S. Treasury secretary

Feb 28, 2013

Lew confirmed as U.S. Treasury secretary

The Senate confirms Jacob Lew to be Treasury secretary, affirming President Barack Obama's choice of a budget expert at a time when Congress and the White House are at odds over sharp government spending cuts.

DoCoMo to resume phone M&A after Softbank move, CEO says

Feb 28, 2013

DoCoMo to resume phone M&A after Softbank move, CEO says

NTT DoCoMo Inc. is ready to return to investing in phone companies outside Asia after rival Softbank Corp.’s deal to acquire a majority stake in Sprint Nextel Corp. in the U.S., its chief executive officer said. “The acquisition plan of Sprint was quite astonishing ...

Outlook upgraded for a second month

Feb 28, 2013

Outlook upgraded for a second month

The government on Wednesday upgraded its basic assessment of the economy for the second straight month, saying industrial output has picked up in February amid expectations that a global economic upturn could perk up exports. “The Japanese economy is bottoming out, while weakness can ...

Lithium-ion makers need recharge

Feb 28, 2013

Lithium-ion makers need recharge

by Hiroko Nakata

Japanese makers’ share of the market for lithium-ion batteries in consumer electronics continued to fall in 2012, widening the gap with their South Korean rivals, who topped the ranking for the first time the previous year. Three Japanese makers — Panasonic Corp., Sony Corp. ...

LDP panel gives guarded nod to joining TPP talks

Feb 28, 2013

LDP panel gives guarded nod to joining TPP talks

A Liberal Democratic Party panel signaled Wednesday it would tolerate Japan’s participation in Trans-Pacific Partnership free-trade talks on condition that core national interests are protected. The panel, titled the Research Commission on Regional Diplomatic and Economic Partnership, adopted a resolution requesting that the Abe ...

Marubeni to conduct geothermal power research in national park

Feb 28, 2013

Marubeni to conduct geothermal power research in national park

Marubeni Corp. is planning the first on-site survey for a geothermal power project in a national park following deregulation last March by the Environment Ministry. The one-year research initiative, starting possibly in May, will use dedicated surveyors to confirm geothermal sources in Daisetsuzan National ...

U.S. frees detained migrants as budget cuts loom

Feb 28, 2013

U.S. frees detained migrants as budget cuts loom

U.S. authorities revealed Tuesday that they have released hundreds of detained immigrants in recent days to trim expenses ahead of massive automatic budget cuts due to take effect this week. With days to go before the so-called sequester — $85 billion in across-the-board cuts ...

Indigent burials rise in U.S. on back of weak economy

Feb 28, 2013

Indigent burials rise in U.S. on back of weak economy

She didn’t know the man in the casket, never met him or his family. Yet, Kate Hopkins stood watch over 48-year-old Francisco Carmona’s funeral on a gray, cold day in a Kentucky cemetery. Hopkins joined a group of students, a few county employees and ...

Consumer Reports names Lexus No. 1

Feb 28, 2013

Consumer Reports names Lexus No. 1

Lexus topped all automotive brands in Consumer Reports magazine’s 2013 brand report card. Japanese automakers again dominated the rankings, taking eight of the top 10 spots. Lexus vehicles are rarely sporty, but they earned the top score of 79 points out of 100 because ...