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Masimo's headquarters in Irvine, California. The U.S. International Trade Commission ruled earlier this year that the Apple Watch violates two Masimo patents related to blood-oxygen sensing and imposed an import ban on the Ultra 2 and Series 9 models.
BUSINESS / Companies
Dec 28, 2023

The email to Tim Cook that set the Apple watch saga in motion

Masimo, based in Irvine, California, is the rare company to wound Apple in a patent dispute.
U.S. golfer Tiger Woods reacts on the 9th green on day 2 of the British Open Golf Championship in 2022.
BUSINESS / Companies
Jan 9, 2024

Tiger Woods and Nike end partnership after 27 years

Despite rumors, Nike maintains that it’s still committed to golf.
BUSINESS
Jan 10, 2024

Japan’s slower wage growth adds to reasons for BOJ to hold

Nominal cash earnings for workers rose 0.2% from the previous year, decelerating sharply from a 1.5% increase in October, the labor ministry said.
An employee looks at data on screens in the high-tech command center at the Novartis AG campus in Basel, Switzerland.
BUSINESS / Companies
Jan 10, 2024

Swiss pharma firms plot different paths to blockbuster drugs

Roche has doubled down on Alzheimer’s and boosted research and development spending across its portfolio.
Fast Retailing, the operator of Uniqlo stores, says strong overseas sales drove a 25% rise in first quarter operating profit.
BUSINESS / Companies
Jan 12, 2024

Uniqlo operator Fast Retailing's Q1 profit soars on strong overseas sales

Profit was ¥146.7 billion ($1.01 billion) in the three months through November compared with ¥117.1 billion a year earlier.
Between 1999 and 2015, more than 700 people, including post office managers, were falsely charged with fraud or embezzlement following the discovery of discrepancies between cash balances at counters and accounting records at post offices that introduced Fujitsu's Horizon accounting system.
BUSINESS / Companies
Jan 12, 2024

Co-CEO of Fujitsu Europe to testify over U.K. Post Office scandal

He will be questioned on what more can be done to deliver "full, fair and fast compensation" for post office managers falsely charged due to the tech firm's faulty software.
A toy gun is assembled at an Aequs toy manufacturing facility in the city of Belgaum in India.
BUSINESS / Companies
Jan 16, 2024

Infrastructure hurdles hinder toy manufacturers' shift from China

That other countries struggle to match China for efficiency is limiting firms' efforts to shift to lower cost bases and raising the risk of higher toy prices in the future.
Tesla CEO Elon Musk
BUSINESS / Companies
Jan 17, 2024

Musk's warning about Tesla stake raises governance questions

CEOs and directors are prohibited from taking any business opportunity for themselves that belongs to the firm.
A video still shows current Fujitsu Services Director Paul Patterson giving evidence to a hearing of the Business and Trade Select Committee in the House of Commons, in London on Tuesday.
BUSINESS / Companies
Jan 17, 2024

Fujitsu says it will pay compensation in U.K. Post Office scandal

The firm said it has a "moral responsibility” to contribute to redress for sub-postmasters who suffered as a result of its faulty software.
Chinese Premier Li Qiang arrives on stage during the annual meeting of the World Economic Forum in Davos, Switzerland, on Tuesday. 2024.
BUSINESS / Economy
Jan 17, 2024

China sees one of its worst years of growth since 1990 as recovery stalls

China's National Bureau of Statistics revealed that gross domestic product expanded 5.2% to hit 126 trillion yuan ($17.6 trillion) last year.
Sheryl Sandberg at the company's headquarters in Menlo Park, California, in 2019. Sandberg joined Facebook in 2008 as the No. 2 to co-founder Mark Zuckerberg to oversee the fledgling company’s advertising, partnerships, business development and operations.
BUSINESS / Companies
Jan 18, 2024

Meta’s Sheryl Sandberg to leave board after 12 years

Sandberg was key to turning the social network into one of the world’s biggest and most financially successful companies.
Noriyuki Sato, head of asset management at Mizuho Financial Group, says the bank plans to ramp up its expansion into private markets.
BUSINESS / Companies
Jan 18, 2024

Mizuho considers U.S. deal to supercharge private markets growth

The lender’s $460 billion money-management arm is considering buying a stake in a U.S. or European firm specializing in alternative investments.
Microsoft said a Russian-linked hacking group attacked its corporate systems, but said the group doesn’t appear to have accessed customers’ systems or Microsoft servers that run outward-facing products.
BUSINESS / Tech
Jan 20, 2024

Microsoft says Russia-linked group hacked employee emails

The company said it’s acting immediately to fix older systems, which will probably cause some disruption.
JAPAN / Society
Jan 22, 2024

Regional business creators system picks up steam in Japan

The system allows local governments to leverage private-sector know-how in areas including tourism promotion and digitalization.
The SK Hynix factory in Dalian specializes in 3D NAND flash memory used in smartphones and other devices. NAND accounts for an increasing portion of the company’s revenue, around 27% of which comes from China.
BUSINESS / Tech
Jan 23, 2024

U.S. chip battle with China catches South Korea in the crossfire

Korean firms have to balance relations with both countries — one, a source of cutting-edge chipmaking technology and the other, the world's largest chip market.
BUSINESS / Economy
Jan 23, 2024

With meetings, Japan leader amplifies call for wage hikes at small firms

Dissatisfaction over falling real wages has been one of the factors undermining the prime minister's support rate, which remained under 30% in a series of recent polls.
BUSINESS
Jan 26, 2024

Yuri Okina tapped as new chief of government tax panel

Okina is the first female chief of the panel, which advises the prime minister, and its first new chair in roughly 10 years.
This year was set to be a tumultuous one for global markets, with unpredictable swings as economic fortunes diverge and voters in more than 50 countries go to the polls. But there’s one unforeseen reversal already underway: a change in perception among investors about China and Japan.
BUSINESS / Economy
Jan 26, 2024

As China’s markets stumble, Japan soars toward record highs

China has not struggled for economic growth like Japan, but a protracted property market collapse has shredded consumer and investor confidence.
At Crypto HK, a popular crypto store in Hong Kong, customers can buy cryptocurrencies with a minimum 500 Hong Kong dollars ($64) and are not required to provide any identity documents.
BUSINESS / Markets
Jan 28, 2024

Bruised by stock market, China rushes into banned bitcoin

More and more Chinese investors are using creative ways to own crypto assets they believe are safer than investing in stock and property markets at home.
BUSINESS / Companies
Jan 29, 2024

Pay hikes at small firms in focus at Japan’s spring wage negotiations

The decisions of such companies will play a big role in determining whether Japan can achieve a healthy wage-price cycle.
IBM offices in Foster City, California
BUSINESS / Companies
Jan 30, 2024

IBM managers: Move near an office or leave company

Return-to-office mandates are often seen as fueling attrition
Toyota Motor Chairman Akio Toyoda speaks during a news conference in Nagoya on Tuesday.
BUSINESS / Companies
Jan 30, 2024

World No. 1 but mired in scandal: Toyota sees mixed start to 2024

Despite the steady performance of its business, the carmaker has been shaken by wrongdoing at group firms, leading to an apology from the chairman.
Facebook CEO Mark Zuckerberg delivers his keynote address at the f8 Developers Conference in San Francisco in 2011.
BUSINESS / Companies
Feb 1, 2024

Facebook, the social network old-timer, turns 20

"Facebook, when it launched, was revolutionary"
BUSINESS / Companies
Feb 7, 2024

KDDI to raise stake in Lawson to jointly run convenience chain

Japan's second-largest mobile carrier currently holds 2.1% of shares but will invest about ¥500 billion to increase its stake through a tender offer.
Honda now projects an annual net profit of ¥960 billion ($6.45 billion), up ¥30 billion from the previous forecast.
BUSINESS / Companies
Feb 8, 2024

Honda and Nissan release robust earnings reports

Honda upgraded its annual profit forecast while rival Nissan said its net profit almost tripled year-on-year.
No politicians, government officials, bankers or business leaders have voiced strong opposition to Bank of Japan Gov. Kazuo Ueda's intention to put an end to the world’s last negative rate regime.
BUSINESS
Feb 14, 2024

Lack of political opposition opens way for BOJ rate hike

Bank of Japan Gov. Kazuo Ueda is in a rare sweet spot for such a move, in sharp contrast to the experiences of his BOJ predecessors.
Gross domestic product contracted 0.4% on an annualized basis in the October-December 2023 quarter, following a 3.3% contraction in the previous quarter.
BUSINESS / Economy
Feb 15, 2024

Japan loses spot as No. 3 economy after surprise GDP contraction

Analysts caution that the data is perhaps not as bad as it seems, given solid readings from other economic indicators.
Rakuten Group has incurred a net loss for the fifth straight year.
BUSINESS / Companies
Feb 15, 2024

Rakuten logs second-largest annual net loss

The firm will skip a dividend payment for the first time in 23 years to prioritize its financial stability.
TSMC’s surge propelled Taiwan’s benchmark index to a record high, as expectations of booming demand for artificial intelligence technology drove investor sentiment.
BUSINESS / Tech
Feb 15, 2024

TSMC soars most since 2020, lifting Taiwan on AI optimism

The company’s surge propelled Taiwan’s benchmark index to a record high, as expectations of booming demand for AI technology drove investor sentiment.
The U.K. economy has been hamstrung by the worst cost-of-living crisis in generations, as well as interest rate increases.
BUSINESS / Economy
Feb 16, 2024

U.K. recession deals fresh blow to Rishi Sunak’s economic promises

Statistics showing the GDP contraction emerged at a particularly bad time for the U.K. prime minister, with two by-elections taking place in England.

Longform

Ichiro Suzuki, one of the most iconic players in NPB and MLB history, was elected to the Baseball Hall of Fame with 99.7% of the vote.
With Hall of Fame induction, Ichiro makes himself heard loud and clear