Jun 3, 2014

Ex-JAL cabin attendants lose court ruling over dismissal

The Tokyo High Court on Tuesday ruled against 71 former Japan Airlines Co. cabin attendants who were seeking reinstatement after being dismissed as part of the airline’s corporate restructuring in the wake of its 2010 bankruptcy. The court ruled “the personnel cuts were necessary ...

Mar 12, 2014

Brokerage watchdog warns of bitcoin risks

The bitcoin digital currency can expose people to significant losses, fraud and theft, and the lure of a potential quick profit should not blind investors to its significant risks, a brokerage industry watchdog warns. In an investor alert titled “Bitcoin: More than a Bit ...

Mar 10, 2014

Corporate bankruptcies hit 23-year low in February

Corporate bankruptcies in February fell 14.6 percent from a year earlier to 916, the lowest for the month in 23 years, a credit research agency said Monday. The number has now posted year-on-year declines for 16th months straight as government monitoring of lending to ...

Jul 8, 2013

First-half bankruptcies recede to 22-year low

Corporate bankruptcies logged a 10.9 percent drop in the first six months of the year to 5,620, the lowest first-half level seen in 22 years, a credit research agency said Monday. Tokyo Shoko Research also said that liabilities left by failing businesses that had ...

Mar 9, 2013

3/11 disaster-linked failures reach 1,139 in two years

Nationwide, 1,139 companies have gone bust in the two-year aftermath of the Great East Japan Earthquake and continuing nuclear disaster, with liabilities totaling ¥1.31 trillion, according to a private credit research company. The business failures were triggered by collapses of company buildings and sales ...