EXCLUSIVE: Govt-Backed Bodies to Start Talks to Invest in Toshiba Memory
June 2, 2018
Tokyo- Two Japanese government-backed bodies plan to start talks within this month to invest in Toshiba Memory Corp., which Toshiba Corp. has sold to a consortium led by U.S. investment fund Bain Capital, informed sources said Friday. Innovation Network Corp.
Toshiba Completes Sale of Lucrative Chip Unit
June 1, 2018
Tokyo- Toshiba Corp.said Friday it has completed the sale of its lucrative flash memory unit to a Japanese-U.S.-South Korean consortium for 2 trillion yen, as part of its efforts to restore its financial health, damaged by huge losses from the
Seven & i Launches Big Data Study Group with 10 Firms
June 1, 2018
Tokyo- Japanese retail giant Seven & i Holdings Co. said Friday that it launched the same day a study group with 10 firms from different industries on the utilization of big data. Seven & i believes that the company cannot
Compensation to Nissan Directors Down 15 Pct in FY 2017
June 1, 2018
Tokyo- The total compensation paid to Nissan Motor Co.’s board directors fell 15 pct from the previous year in fiscal 2017, according to a notice to shareholders released by the company on Friday. It was the first drop of the
Stocks start June trading on high note
June 1, 2018
Stocks began the first trading month of June higher as the main share index gained 1.78 percent. The Philippine Stock Exchange index closed at 7,630.26, up 133.09. In the broader market, there were 101 gainers, 89 decliners and 46 shares
Weak Sales Spur Drive to Boost Mackerel, Sardine Demand
June 1, 2018
Tokyo- While squid, salmon and saury catches remain sluggish, Japanese fishery businesses are ramping up efforts to shore up consumer demand for mackerel and sardine, which account for the largest hauls among marine products in Japan. Calls are growing for
Softbank Fund to Invest in GM’s Autonomous Vehicle Unit
June 1, 2018
New York- General Motors Co. said Thursday that an investment fund led by Japanese technology titan Softbank Group Corp. will pump 2.25 billion dollars into the U.S. auto giant’s subsidiary that develops autonomous vehicles. The Softbank Vision Fund will initially
Toshiba to Withdraw from Texas Nuclear Plant Project
May 31, 2018
Tokyo- Toshiba Corp. said Thursday it will withdraw from a project to construct two advanced boiling water nuclear reactors in Texas. The Japanese electronics and machinery maker aims to complete necessary procedures by the end of this year. The project
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