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Jul 1, 2015

Tankan shows unexpected improvement in manufacturer confidence

Sentiment among large manufacturers improved for the first time in three quarters in June, a Bank of Japan survey showed Wednesday, in a positive sign that runs counter to indications of a slowing economic recovery. The Tankan big manufacturer index rose to 15 from ...

Jul 1, 2015

Land prices rise in 10 prefectures, but overall trend is down

Land prices in Japan rose in 10 prefectures over the year to Jan. 1, the National Tax Agency said in an annual report released Wednesday. In the previous year of measurement, prices rose in eight prefectures. But nationwide prices declined an average 0.4 percent ...

Sony shares nosedive as investors question fundraising drive

Jul 1, 2015

Sony shares nosedive as investors question fundraising drive

Sony Corp.’s plan for its first share sale in 26 years is straining investors’ faith in Chief Executive Officer Kazuo Hirai’s ability to deliver on growth promises. The company plans to raise about ¥440 billion ($3.6 billion) by selling common stock and convertible bonds ...

Obama pushing to widen overtime pay coverage to include managers

Jul 1, 2015

Obama pushing to widen overtime pay coverage to include managers

They’re called managers, and they sometimes work grueling schedules at fast food chains and retail stores. But with no overtime eligibility, their pay may be lower per hour than many workers they supervise. With those employees in mind, the Obama administration is proposing making ...

Protesting ferry workers block Calais port; Channel Tunnel closed

Jul 1, 2015

Protesting ferry workers block Calais port; Channel Tunnel closed

Ferry workers on Tuesday threatened to continue their protest on Wednesday after blocking Calais’ port for two days, forcing the closure of the Channel Tunnel linking France and England for several hours. The ferry workers on Tuesday blocked the tunnel’s entrance by setting fire ...