Tuesday February 14, 2012

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Olympus president promises changes and a new board

Feb. 14, 2012 - 06:45AM JST ( 0 )

The president of Olympus on Monday promised changes at the company as it seeks to start afresh after a year in which it was hit… Read

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Piano sales jump 11% due to March 11 disaster

Business Feb. 14, 2012 - 06:58AM JST ( 0 Comments )

Sales of pianos in Japan jumped 11% last year, the first rise in 17 years, as people replaced instruments damaged in the country's devastating earthquake, a trade body said on Monday. Takahiro Ito of the… Read

Airlines will need 33,500 new planes by 2030: Boeing

Business Feb. 14, 2012 - 05:09AM JST ( 0 Comments )

Global airlines will need 33,500 new planes valued at $4 trillion by 2030, with Asia accounting for about 35% of the total, U.S. aircraft maker Boeing said on Monday. Asia-Pacific carriers will require 11,450 new… Read

Olympus reports Y33.08 bil net loss for 9 months to December

Business Feb. 13, 2012 - 04:17PM JST ( 15 Comments )

Scandal-hit Olympus on Monday reported a net loss of 33.08 billion yen for the nine months to December amid a massive accounting cover-up that has tarnished the image of corporate Japan. For the full-year to… Read

Tokyo shares close 0.58% higher

Business Feb. 13, 2012 - 03:45PM JST ( 0 Comments )

Tokyo shares closed up 0.58% Monday as traders digested the Greek parliament's approval of fresh austerity measures needed in order for it to receive a crucial bailout. The Nikkei index at the Tokyo Stock Exchange… Read

Japan's GDP falls 2.3% on Thai floods, strong yen

Business Feb. 13, 2012 - 01:20PM JST ( 4 Comments )

The Japanese economy shrank in the final three months of 2011, data showed Monday, as exports were hurt by the strong yen and weak overseas demand while flooding in Thailand hammered production. On an annualized… Read

Incoming Sony CEO Hirai refuses to abandon TV business

Business Feb. 13, 2012 - 09:20AM JST ( 25 Comments )

Struggling Japanese entertainment giant Sony will not abandon its cash-bleeding television business, its incoming CEO says, but he acknowledges tough decisions lie ahead including over redundancies. Kazuo Hirai said TVs were a vital part of… Read

Japanese megabanks rise in credit standings

Business Feb. 13, 2012 - 07:00AM JST ( 3 Comments )

The European debt crisis has helped Japanese banks rise in international credit standings as they remain relatively stable compared with their U.S. and European peers, according to a press report. U.S. money market funds, which… Read

Boeing to ramp up Dreamliner production

Business Feb. 13, 2012 - 06:56AM JST ( 3 Comments )

Boeing aims to ramp up production of its much-delayed 787 Dreamliner to 10 planes a month by the end of 2013, up from the current two to three, a top company executive said Sunday. Mark… Read

G6 Alliance to advance launch of Asia-Europe shipping service

Business Feb. 13, 2012 - 05:44AM JST ( 1 Comment )

The G6 Alliance will begin their groundbreaking cooperation in Asia-Europe container shipping in the first week of March - one month ahead of schedule. Serving the Asia-to-Europe-and-Mediterranean market, the G6 Alliance is composed of the… Read

Mitsubishi buys offshore transmission cable operation business in Germany

Business Feb. 13, 2012 - 05:41AM JST ( 0 Comments )

Mitsubishi Corp has reached an agreement with TenneT Holding B.V. to purchase a 49% equity stake in two German offshore transmission cable projects, BorWin1 and BorWin2, through its wholly owned special purpose company. The total… Read

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