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Toyota tweaks Camry as Sonata makes gains

Apr 16, 2014

Toyota tweaks Camry as Sonata makes gains

by Alan Ohnsman

Toyota Motor Corp. is making rare styling changes in the Camry sedan just halfway into the car’s usual design cycle, a sign the automaker is eager to stem gains made by Hyundai Motor Co.’s Sonata, which also is being reworked for 2015. The latest ...

Apr 16, 2014

TPP talks with U.S. forge on

With U.S. President Barack Obama’s visit to Tokyo approaching, Japanese and U.S. trade chiefs are set to face off again in Washington as they strive to break a deadlock in talks on a massive free trade zone in the Pacific region. Trade observers say ...

Apr 16, 2014

Dollar tops ¥102 on stock surge

The dollar topped ¥102 in Tokyo trading Wednesday, assisted by a surge in Tokyo stock prices and favorable Chinese economic data. At 5 p.m., the dollar stood at ¥102.21-25, up from ¥101.79-80 at the same time Tuesday. The euro was at $1.3844-3845, up from ...

Apr 16, 2014

Stocks soar; Nikkei retakes the 14,000 mark

Stocks surged Wednesday on the heels of higher U.S. equities overnight, with the benchmark Nikkei average closing well above the psychologically important 14,000 line. The 225-issue Nikkei average ended up 420.87 points, or 3.01 percent, at 14,417.68, the first finish above 14,000 in four ...

Apr 16, 2014

Koto Ward mulls Olympic cable car

A study is underway for the possible construction of a cable car linking 2020 Tokyo Olympic venues with a business area near the Ginza shopping district, a municipal government official has said. A construction company is studying the feasibility of building a gondola lift ...

Apr 16, 2014

Itochu: Accountant stole ¥700 million

Itochu Corp. said Wednesday that a former employee embezzled about ¥700 million while working at its New Zealand affiliate from 2012 till this year. The trading house dismissed the man, said to be in his 30s, and plans to file a criminal complaint with ...

Apr 16, 2014

U.S. indicts Bridgestone trio on prices

The United States indicted one current and two former executives of parts firm Bridgestone Tuesday for conspiring to fix the prices of rubber parts used in U.S.-made automobiles. A federal grand jury in Cleveland issued the indictment accusing Yoshiyuki Tanaka, Yasuo Ryuto and Isao ...

Apr 16, 2014

China's economy grew 7.4% in first quarter, government data show

China’s gross domestic product grew 7.4 percent in the first three months of the year, official data showed Wednesday, increasing the chances Beijing will move to stanch a slowdown in the world’s number two economy. The year on year figure is sharply down from ...

Apr 15, 2014

Homebuilders suffer slowdown over tax hike

Major homebuilders are suffering an unexpectedly prolonged and deep slowdown in orders for custom-built homes, following a rush of demand toward the end of September last year, when a special exemption from the higher consumption tax ended. While the tax rate was raised from ...

Apr 15, 2014

US Airways tweets pornographic photo in response to customer

US Airways rushed out an apology Monday after a graphic sexual image was tweeted from its official Twitter account in response to a disgruntled customer. The airline has been known to respond rapidly to complaints on social media. But this time it was different. ...

Apr 15, 2014

Tokyo stocks rebound on higher U.S. equities

Stocks rebounded Tuesday from their recent rout, buoyed by higher U.S. equities and the yen’s weakening, but their topside was capped by a lack of fresh buying incentives. The 225-issue Nikkei average ended up 86.65 points, or 0.62 percent, at 13,996.81, after two days ...