NEWSWORTHY
Nissan projects weakest profit in a decade as Carlos Ghosn woes linger
Nissan Motor Co., trying to rebuild its tarnished reputation over failed corporate governance following the criminal investigation of two former executives, cut its operating profit outlook by a sharp 28 percent for fiscal 2019 to its lowest in a decade. At a news conference Tuesday ...
Scandal-plagued Wells Fargo's interim CEO shouted down at bank's annual meeting
C. Allen Parker is finding out how tough it can be to head up a scandal-plagued company. The interim chief executive officer of Wells Fargo & Co. was interrupted more than a dozen times during the bank's annual meeting in Dallas on Tuesday by activist ...
Warner Bros. chief Kevin Tsujihara ousted over relationship with actress
Warner Bros. Chief Executive Officer Kevin Tsujihara is leaving the studio over allegations that he had a sexual relationship with an actress he helped promote, adding to the number of Hollywood moguls toppled by scandal. Tsujihara brings fresh upheaval to a business acquired by AT&T ...
A Canadian minister announced Tuesday that she was quitting Prime Minister Justin Trudeau's Cabinet — a move that follows allegations his office pressured her to avoid prosecuting a major Canadian engineering firm. Veterans Affairs Minister Jody Wilson-Raybould, who was demoted from the post of justice ...
'Whistleblower': Corporate drama dialed up to 11
Japan is justly praised for its law-abiding citizenry. Drop your wallet on the street here and a kind local is likely to come running after you to return it. On the corporate level, though, scandal follows scandal. One of the most common sights on ...
Police bust multimillion-dollar Australia-China baby formula crime ring
Six people have been charged after Australian authorities uncovered a multimillion-dollar crime syndicate stealing baby formula and vitamins from major retailers across Sydney for shipment to China, police said Monday. Four members of one family and two other men have been arrested and charged over ...
Ollan Cassell thinks embattled JOC chief Tsunekazu Takeda should step aside in wake of French probe
With serious allegations of corruption and bribery linked to Japanese Olympic Committee chief Tsunekazu Takeda, a prominent member of the global sports community issued a call for Japanese authorities to sever ties with him. Ollan Cassell believes a leadership change is needed now instead of ...
LDP Toyama chapter led by minister gets donation from bid-rigging firm, will return funds
A ruling Liberal Democratic Party chapter headed by Mitsuhiro Miyakoshi, state minister in charge of Okinawa and Northern Territories affairs, received political donations from a company involved in bid-rigging, data from the political funds reports of the chapter showed Thursday. The electoral district branch in ...
Japan Basketball Association officials apologize to Diet members for scandal
Officials from the Japan Basketball Association apologized to an all-party parliamentary group for the recent scandal involving members of the men's national team. Four players received a one-year suspension after they were found to have purchased the services of a sex worker in Jakarta during ...
More men pass entrance exams than women at 80% of Japan's medical schools: survey
The government released preliminary results of a survey on medical school entrance exams in the wake of a prestigious university admitting it lowered the scores of women to curb their enrollment.
Yamato admits it intentionally overcharged clients for moving services
Yamato Holdings Co. said Friday an internal probe found a moving service subsidiary intentionally overcharged customers, with the misconduct carried out systematically in some cases. The parcel delivery and moving service company said its five board members, including President Masaki Yamauchi, will return part of ...
Scandal-hit EPA chief Scott Pruitt could face ax as Trump is 'not happy' with fallout
Facing ever-growing scandals over the spending and behavior of his environment agency chief, Scott Pruitt, President Donald Trump appears close to firing the man he appointed to dismantle Barack Obama's green legacy. The list of accusations leveled against the 50-year-old head of the Environmental Protection ...
