Japan's Nikkei average rose to its highest closing level in nearly two weeks on Wednesday with traders citing a boost from large programme trade in the afternoon, while electrical wire companies were the small-cap favorite of the day.
Jerry Yang, who co-founded Yahoo alongside David Filo in 1995, announced his resignation from the board of directors and all other company positions Tuesday, effective immediately.
Yahoo, Inc. (NASDAQ:YHOO) has announced the resignation of Jerry Yang from its board of directors and all other positions he held at Yahoo. Additionally, Yang also resigned from the boards of Yahoo Japan and Alibaba Group.
Takeda Pharmaceutical Co <4502.T> said on Wednesday that it would cut about 10 percent of its workforce through job reductions outside Japan as it seeks to streamline its global operations after its acquisition of Swiss drugmaker Nycomed last year.
Takeda Pharmaceutical Co <4502.T> said on Wednesday that it would cut 2,800 jobs outside Japan by March 2016 as it seeks to streamline its global operations after its acquisition of Swiss drug maker Nycomed last year.
Japan's Fujifilm Holdings said on Wednesday it is considering supporting scandal-hit endoscope maker Olympus Corp although neither side looks likely to move quickly on an equity alliance that Olympus needs to shore up its finances.
Fujifilm Holdings would consider supporting Olympus Corp if asked, its president said on Wednesday.
Japan's scandal-hit Olympus Corp will wait until a management overhaul in late April before bringing in a potential strategic partner, its president said on Wednesday, signaling the firm is in no hurry to shore up its finances.
Elpida Memory will seek an equity tie-up with U.S. rival Micron Technology, a newspaper said on Wednesday, as the Japanese firm confronts mounting pressure from approaching debt repayments and a deteriorating memory chip market.
The California Public Employees' Retirement System is selling a portfolio of 28 housing communities to a partnership between San Diego-based developer Newland Real Estate Group LLC and an affiliate of Japan's largest home-building company, Sekisui House Ltd <1928.T>, the Wall Street Journal reported.
Yang's abrupt departure comes two weeks after Yahoo appointed Scott Thompson its new CEO, with a mandate to return the once-leading Internet portal to the heights it enjoyed in the 1990s.
Tommy Lee Jones will play General Douglas MacArthur in Emperor, a thriller/epic directed by Peter Webber (Girl With a Pearl Earring).
Japanese chipmaker Elpida Memory will seek a capital tie-up with U.S. rival Micron Technology as it struggles with a deteriorating market and stiff competition from South Korean competitors, the Yomiuri newspaper reported on Wednesday.
Hyundai said Tuesday that it was proud to rank highest among automotive brands in the J.D. Power and Associates 2012 Consumer Retention Study, attributing the honor to an expanding model lineup and better perceptions of Hyundai's quality and appeal across the board in recent years.
Yahoo co-founder and one-time CEO Jerry Yang resigned from the company’s board as well as from the board of China’s Alibaba Group, where Apple has a 44 percent interest
DETROIT -- Three years ago at the North American International Auto Show, Nissan North America vice president Al Castignetti watched as most companies dismissed perhaps Nissan's biggest risk -- its electric concept vehicle, the Nissan Leaf.
Germany's exit from nuclear power could cost the country as much as 1.7 trillion euros ($2.15 trillion) by 2030, or two thirds of the country's GDP in 2011, according to Siemens , which built all of Germany's 17 nuclear plants.
Aerospace group EADS batted away concerns over the financing needed to maintain a record wave of jet deliveries this year, as bumper orders from its Airbus unit and a major Japanese leasing deal provided fresh evidence of Asia's rising economic power.
Japan's Nikkei average edged higher on Tuesday and recovered its footing after better-than-expected Chinese economic data and solid demand at a French treasury bill auction reassured investors in the wake of European debt downgrades.
Maruti Suzuki India Ltd, the country's top carmaker, raised prices of all its models on Tuesday, sending its shares up as much as 11 percent as investors rallied behind the company after months of falling sales appeared to have levelled in December.
Asian shares and the euro rose on Tuesday as slightly better-than-expected Chinese economic growth data soothed investor worries that the euro zone debt crisis was slowing global activity.
Hosting the majority of the planet's population, it is not a surprise to see Asian countries playing an increasingly prominent role in today's business world.
