Companies

India's tobacco industry has halted cigarette production to oppose a new requirement that graphic health warnings cover 85% of cigarette packs. (Photo by Yuji Kuronuma)

Indian cigarette production stubbed out in health row

NEW DELHI -- ITC, the Indian cigarette maker, has suspended production for a second time in just over a month after the supreme court ruled that tobacco companies must comply with a new government requirement for much larger health warnings on packs....

  • New Toshiba CEO faces stiff challenges to company turnaround

    TOKYO -- Toshiba announced on Friday that Corporate Senior Executive Vice President Satoshi Tsunakawa will replace President Masashi Muromachi at the helm of the struggling Japanese electronics giant.Analysts said Tsunakawa, 60, may change Toshiba's ...

  • A glimmer of hope in the fight against cancer

    OSAKA -- Suffering from terminal illness is one of the most desperate and difficult situations anyone can find themselves in. But a recent breakthrough made in Japan may be about to change things drastically, and could potentially save millions of li...

  • Toshiba nominates new CEO in attempt to put accounting scandal behind it

    TOKYO (Reuters) -- Japan's Toshiba Corp said it had nominated Satoshi Tsunakawa, a former head of its medical equipment division, to be its next chief executive officer - a move that it hopes will draw a line under a damaging accounting scandal.Tsuna...

  • Toyota resumes production at all domestic assembly lines

    NAGOYA (Kyodo) -- Toyota Motor Corp. resumed production Friday on all of its assembly lines halted after a series of strong earthquakes hit southwestern Japan in mid-April, disrupting the supply of parts, company officials said.The company halted pro...

  • India evaluates used iPhone threat level

    MUMBAI -- India's environment ministry has yet to make a call on whether refurbished Apple iPhones can be sold in the country following opposition to the scheme from the telecoms ministry and domestic industry. In December, Apple sought official per...

  • Facebook takes page from Google playbook in cementing founder's power

    SILICON VALLEY -- Facebook looks to follow Google in issuing nonvoting shares to keep its creator in control over the long term while enabling stock compensation and funding philanthropic efforts.When Facebook debuted on the Nasdaq market in 2012, fo...

  • Westinghouse seeks to bolster operations in China, CEO says

    AUGUSTA, Ga. -- Westinghouse Electric hopes to beef up its business in the promising Chinese nuclear power market through partnerships with suppliers, the head of the U.S. company said.Danny Roderick, president and CEO, told The Nikkei and other medi...

  • China probes Baidu over health ads after student's death

    BEIJING -- Leading Chinese internet search engine Baidu faces a government investigation amid the mounting controversy over the company's sponsored medical advertisements, sparked by the death of a university student in mid-April.The Cyberspace Admin...

  • Takata air bag recall could double to 120m cars

    NEW YORK -- Takata may have to expand its air bag recall even further, with affected vehicles worldwide seen doubling to a whopping 120 million.The U.S. National Highway Traffic Safety Administration appears intent on urging the Japanese company to r...

  • JX Nippon Oil whips up cheap, flexible plastic-rubber material

    TOKYO -- JX Nippon Oil & Energy has developed a material that combines the elasticity of rubber and the cost-competitiveness of plastic, eyeing possible applications in housing and autoparts.This is a new version of an elastomer -- a type of substanc...

  • Kintetsu World to help Chinese e-tailer speed up delivery

    TOKYO -- Major Japanese air freight company Kintetsu World Express will start handling shipment and customs clearance of Japanese and other imported products for a Chinese online store, slashing delivery times and giving the seller an edge over rival...

  • India's Adani aims for coalmining premier league

    MUMBAI -- Adani Enterprises plans to become one of the world's largest mining companies by 2020 by extracting some 200 million tons annually of coal from mines it owns in India and Indonesia, and a recently approved project in Australia's Galilee bas...

  • Tata Steel's UK ops attract possible management buyout bid

    NEW DELHI -- The emergence of two potential buyers of Tata Steel's U.K. operations is offering hope that thousands of jobs might be saved.Excalibur Steel on Tuesday confirmed that it registered a "letter of intent" with Tata to acquire the money-losi...

  • Rare street protests follow offshore poisoning in Vietnam

    HO CHI MINH CITY -- Demonstrators took to the streets in Vietnam on May 1 after at least 70 tons of fish washed ashore in the central provinces in recent weeks, a diver died after working on a breakwater at an industrial zone, and thousands of fishin...

  • Uber, Alibaba expand payment partnership globally

    SILICON VALLEY -- Uber Technologies will let customers pay for its ride-hailing service through Alipay, a digital payment service tied to Chinese e-commerce titan Alibaba Group Holding, even outside of China.The more than 450 million users of Alipay,...

  • Apple faces daunting task to boost iPhone sales in India

    MUMBAI (NewsRise) -- Apple is betting big on India as it struggles to boost sales in developed markets, but making inroads into Asia's third-largest economy could well be a daunting task for the iPhone maker.In a conference call with analysts last we...

  • Metro Pacific seeks foreign partner for push into logistics

    MANILA -- Metro Pacific Investments on Wednesday said it has ventured into the logistics market and hopes to nurture the business with a partner from outside the Philippines.As an initial investment, Metro Pacific Movers has acquired some assets of B...

  • Sembcorp Industries' profit sinks nearly 25% as rig orders dwindle

    SINGAPORE -- Sembcorp Industries, the parent company of oil rig builder Sembcorp Marine, reported a 24.7% year-on-year decline in net profit for the first three months of 2016, to 107 million Singapore dollars ($78.8 million). The ailing rig segment ...

  • Asia expansion tops duty-free leader Dufry's to-do list

    GENEVA -- Dufry, a Swiss company that runs duty-free shops, has been doing quite a lot of shopping of its own. Since 2008, it has acquired peers in North and South America, Europe and Russia. Now it has its sights set on Asia.Over the past two decade...