Nissan to cut over 10,000 jobs worldwide as profits plunge, sources say
Nissan Motor Co. plans to expand job cuts to over 10,000 to help turn around its business, a person with direct knowledge of the matter said Wednesday, showing the tough road ahead for an automaker grappling with management upheaval. The global plan includes 4,800 job ...
It's not just banks that are feeling the squeeze from the Bank of Japan's negative interest rates, their employees are too. The latest data compiled by Tokyo Shoko Research, a private firm, shows that average wages in the construction industry are now 16 percent higher ...
American department store operator J.C. Penney Co. is closing more stores following a weak holiday sales season. Net income tumbled nearly 70 percent, and a key measure for health dropped 4 percent in the fourth-quarter, the most crucial period of the year for retailers who ...
New York Times swings to profit on online subscriber and advertising gains
The New York Times moved into the profit column in the fourth quarter, helped by gains in digital advertising and the biggest increase in online subscribers since the months after the 2016 U.S. election. The major U.S. daily said Wednesday its profit in the final ...
New York Times scoffs at Trump's claim of 'failing,' adds 200,000 online subscribers in quarter
The New York Times Co, assailed by a U.S. president who brands it as "failing," signed up more than 200,000 paying online subscribers in the third quarter, helping it top Wall Street estimates for both profit and revenue. Shares in the publisher rose 8 percent ...
'War' on food waste can save money and boost profits, Israeli tech firm says
Wasteless, an Israeli firm seeking to reduce food waste and save consumers money, won $2 million in funding on Tuesday, as more businesses seek to cut food losses amid rising global hunger. The two-year-old firm sells software to supermarkets so that they can manage their ...
Tepco expects 2016 profit even if reactors are not restarted, plans to issue bonds
Tokyo Electric Power Co., operator of the disaster-struck Fukushima No. 1 nuclear power plant, expects to post a profit next year even if unable to restart any reactors, according to a plan given to its creditor banks. Tepco will likely turn a profit for the ...
Corporate earnings in Japan outshine rest of Asia amid weak yen
Japan is emerging as the star of Asia's latest earnings season, with most companies reporting higher-than-expected profit growth as businesses continue to benefit from Prime Minister Shinzo Abe's economic policies. Earnings per share, excluding some items, at 159 companies on Japan's Topix index have beaten ...
Major Japanese firms post robust profit growth in April-June
Major Japanese firms posted robust year-on-year profit rises in the April-June quarter due to the yen's decline, an oil price plunge and fading adverse effects of the consumption tax hike in April 2014, according to data compiled by a major brokerage. The combined pretax profits ...
Sharp's quarterly smartphone stumble seen paring annual outlook
Sharp Corp.'s expected first-quarter loss may deepen skepticism that demand for smartphone displays will fuel a recovery strong enough to meet its full-year profit target. The company on Friday will probably post an operating loss of ¥19.4 billion for the three months ended June 30, ...
Toshiba Corp. has announced an additional round of punishments over its accounting scandal — pay cuts affecting 16 executives, including Chairman and President Masashi Muromachi — and the resignation of another executive. Muromachi will have his executive salary slashed by half for an undecided period ...
General Motors Co on Wednesday forecast its 2015 operating profit will increase from last year due mostly to growth in its two largest auto markets, China and the United States. As it moves past a year marred by massive recalls from a defective ignition switch ...
