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Apr 28, 2015

Abu Dhabi taps Inpex to join $22 billion oil project

Inpex Corp. is joining Total SA to develop the main onshore oil deposits in the United Arab Emirates as Abu Dhabi picks new partners for a $22 billion effort to pump crude from its largest fields. Japan’s state-backed energy explorer will take a 5 ...

Apr 28, 2015

Takata air bags linked to 105 injuries, 6 deaths: U.S. lawmaker

Takata Corp. has expanded the number of alleged incidents related to its defective car air bags to 105 injuries and six deaths, a U.S. lawmaker said Monday. Takata recently provided updated information to the U.S. Senate Commerce Department, said Bill Nelson, the ranking member ...

Apr 28, 2015

Tokyo Electron pulls out of merger with Applied Materials

Semiconductor-production equipment maker Tokyo Electron Ltd. is canceling its planned merger with U.S.-based Applied Materials Inc., the industry leader, because of a dispute with the U.S. Justice Department. The two companies now see no sign of resolving the dispute regarding the U.S. antitrust act, ...

Apr 28, 2015

Honda profit forecast trails estimates on recalls, U.S. sales

Honda Motor Co. forecast profit that fell short of analyst estimates as the carmaker recovers from its worst vehicle recalls in decades. Net income will probably rise to ¥525 billion in the fiscal year ending March 2016, based on U.S. GAAP accounting standards, from ...

Apr 28, 2015

Shiseido offers staff promotions as profits plunge 44.4%

Cosmetics maker Shiseido Co. will promote some 2,000 beauty consultants now employed on fixed-term contracts to regular employee status through qualification tests by 2017. It comes as Shiseido’s group operating profit for the year to March 31 plunged 44.4 percent from the previous year ...

Apr 27, 2015

Mizuho agrees to buy additional loans from RBS for $500 million

Mizuho Financial Group Inc., the nation’s third-biggest bank by market value, agreed to buy more North American loans from Royal Bank of Scotland Group PLC for about $500 million (¥60 million) as it deepens an expansion abroad. The $5.6 billion of loan commitments includes ...