Western powers this week readied a contingency plan to tap a record volume from emergency stockpiles to replace nearly all the Gulf oil that would be lost if Iran blocks the Strait of Hormuz, industry sources and diplomats told Reuters.
Japan's Sony Corp will promote its consumer business chief Kazuo Hirai to the role of president as early as April, taking the title away from Howard Stringer, who is expected to remain chairman and CEO, the Nikkei newspaper reported
American Airlines, US Airways, and United Continental have all joined Delta in adding a $3 surcharge to fares purchased in the United States for flights to Europe in response to the EU's new Emissions Trading Scheme (ETS).
Shares of venerable glassmaker Corning rose after the company said it plans to introduce Gorilla Glass 2, a new generation of highly durable glass, at next week’s Consumer Electronics Show.
The global economy could withstand widespread disruption from a natural disaster or attack by militants for only a week as governments and businesses are not sufficiently prepared to deal with unexpected events, a report by a respected think-tank said.
BMW grabbed the top spot in the U.S. luxury auto market in 2011, edging out Daimler AG's Mercedes-Benz brand, as both German automakers took advantage of inventory problems for Toyota Motor Corp's Lexus lineup.
Japan's Seven & I Holdings posted a rise in third-quarter profit on Friday as convenience store sales stayed strong, but rival Aeon Co's earnings undershot strong year-earlier results, as retailers worry that profit growth could stall.
Japanese retailer Aeon Co <8267.T> posted a 9 percent rise in nine-month operating profit, helped by cost cuts, the merging of several separate general merchandise store chains and increased sales of higher-margin store brand goods.
Japan's top retailer, Seven & I Holdings <3382.T>, posted a 23 percent rise in operating profit for the first nine months of the business year as customer visits to its convenience stores rose and reconstruction efforts boosted sales at its supermarkets in quake-hit areas.
BMW AG has sealed its position as the most successful luxury brand in the U.S. in 2011 by outselling Daimler AG's Mercedes-Benz last month.
The ousted British CEO of Olympus Corp abandoned his three-month battle to replace the management of the scandal-tainted maker of medical devices, blaming big Japanese shareholders for not backing his campaign to take back the helm.
The ousted CEO of Olympus Corp, Michael Woodford, said on Friday he is calling a halt to his three-month battle to replace the management of the scandal-tainted Japanese endoscope maker and to return to lead the battered company.
For the third straight year, McDonald's is making America look big (in every sense of the word) with the release of four new Big America burgers in Japan.
The former CEO of Japan's Olympus Corp, Michael Woodford, said on Friday he is dropping his bid to retake control of the troubled company.
The former CEO of Japan's Olympus Corp, Michael Woodford, said on Friday he is dropping his bid to retake control of the troubled company.
A Bluefin tuna sold for nearly three-quarters of a million dollars at Tokyo's Tsukiji fish market on Thursday. The fish caught off the northeastern Japanese shore, Oma, was sold for a record amount at 56.49 million yen (about $736,000) and a record $1,238 per pound.
BMW grabbed the top spot in the U.S. luxury auto market in 2011, edging out Daimler AG's Mercedes-Benz brand, as both German automakers took advantage of inventory problems for Toyota Motor Corp's <7203.T> Lexus lineup, according to company figures issued on Thursday.
Toyota Motor Sales, U.S.A., Inc. reported sales of 178,131 cars in December, up 0.4 percent from 177,488 cars from a year ago. Sales beat forecasts by analysts polled by Bloomberg, who had predicted an average 1 percent drop in sales.
As one analyst said, the U.S. market isn't the cash cow it once was, but it's still a mature and profitable market, as opposed to more volatile emerging markets, or stagnant ones in Europe, said Rebecca Lindland, an analyst with the consulting firm IHS Automotive, according to The New York Times.
The former CEO of Japan's Olympus Corp is dropping his bid to retake control of the troubled company because of lack of support from Japanese institutional investors, according to a Wall Street Journal report.
The former CEO of Japan's Olympus Corp is dropping his bid to retake control of the troubled company because of lack of support from Japanese institutional investors, according to a Wall Street Journal report.
Kanye West took to Twitter to ramble about his fashion line, creative genius, grammatical correctness and the penitentiary system.
