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  • Smartphone glut

    AT&T working to diversify revenue sources

    NEW YORK -- AT&T is accelerating efforts to diversify its revenue sources. It will launch cellphone services in Mexico and expand into new businesses such as home security. The U.S. telecom giant announced Nov. 7, as part of its new growth strat

    November 28, 2014 07:00 pm JST
  • Retirement schemes change investment tack

    Hefty hedge fund fees put pension programs off

    NEW YORK -- Public pension funds have been exiting hedge funds in the U.S. lately because of the high commissions charged and low returns. America's largest public pension fund California Public Employees' Retirement System, or CalPERS, announce

    November 28, 2014 01:00 pm JST
  • Air bag recall

    Takata could run short of parts for replacements

    TOKYO -- Japanese air bag maker Takata might not have enough replacement bags for an expanded recall the U.S. government has just ordered. The company had resisted previous calls to expand its recall beyond regions with "high absolute humidity,"

    November 28, 2014 06:25 am JST
  • Big pharma

    Takeda takes a hit in US diabetes drug suit

    TOKYO -- A U.S. district court in Louisiana ruled against Takeda Pharmaceutical in late October in a lawsuit over liability for its diabetes drug Actos. The judgement means a heavy damage payment for the major Japanese drugmaker. The case unders

    November 27, 2014 07:00 pm JST
  • Global warming

    China-US deal heavy on PR, light on new commitments

    TOKYO -- U.S. President Barack Obama and his Chinese counterpart Xi Jinping earlier this month agreed to step up efforts to cut global warming gas emissions. Their agreement made headlines across the world. Their deal, hammered out at a summit o

    November 27, 2014 03:00 pm JST
  • U.S. regulator orders national Takata driver-side air bag recall

    DETROIT (Reuters) -- The U.S. National Highway Traffic Safety Administration (NHTSA) on Wednesday ordered Japanese air bag supplier Takata Corp to expand its regional recall of driver-side air bags to cover the entire United States. NHTSA gave T

    November 27, 2014 11:27 am JST
  • Container fares

    Prices for shipments to US East Coast up 34%

    TOKYO -- Container fares for shipments from Asia bound for the U.S. East Coast are hovering at about $4,200 per 40-foot equivalent unit, or 34% higher than a year ago. The demand boost from the Christmas sales season had run its course by Octobe

    November 27, 2014 06:41 am JST
  • Opinion poll

    US public sees Japan as key partner in Asia

    TOKYO -- U.S. citizens named Japan as America's most important Asian partner in a recent Japanese foreign ministry poll, sentiment likely reflecting their concern over China's growing military presence in regional seas. Japan reclaimed the top s

    November 27, 2014 04:26 am JST
  • LCDs in cars

    Japan Display aims for 30% of US market

    TOKYO -- Japan Display hopes its new technical support center in Detroit will help it gain a 30% share of the U.S. market for automotive LCD panels in 2018. A major U.S. automaker has already decided to adopt Japan Display's products, and the pa

    November 27, 2014 01:10 am JST
  • Crude oil prices are in for a protracted slump

    TOKYO -- International crude oil prices have been tumbling since summer, with U.S. crude oil futures declining to half the record high of $147 a barrel set in 2008. Lower oil prices will help improve corporate earnings and lead to a future uptur

    November 27, 2014 12:00 am JST
  • Asset managers taking their opinions into Japan Inc. boardrooms

    TOKYO -- Institutional investors are changing. Now, they not only buy and sell stocks but also rack their brains on behalf of the companies they invest in. This has raised hopes that more shareholders will play a role in fostering companies lead

    November 27, 2014 12:00 am JST
  • Boeing and Toyota line up for Toray's carbon fiber

    TOKYO -- Toray Industries is flying high after striking a deal to supply carbon fiber to U.S. airplane manufacturer Boeing. The 1 trillion yen ($8.50 billion) deal, announced Nov. 17, is a breakthrough for the Japanese chemical and textile compa

    November 27, 2014 12:00 am JST
  • Frederic Neumann: Monetary easing not the answer for Asia

    The U.S. Federal Reserve, having ended its quantitative easing in October, may be edging closer to a rate hike next year. But much of Asia, with the exception of Indonesia, is heading in the opposite direction. Only a few, short weeks ago, the B

    November 27, 2014 12:00 am JST
  • East Asian waters to be US aircraft carrier-free for a time

    TOKYO -- Defense policymakers in Japan and the U.S. are privately voicing concern about the total absence of U.S. aircraft carriers from East Asian waters for four months next year. Budget constraints at home, combined with the rise of the Islam

    November 27, 2014 12:00 am JST
  • Taiwan's touch panel makers

    Flaccid demand, Chinese rivals hitting earnings hard

    TAIPEI -- Pummeled by weak demand and price competition from mainland rivals, Taiwanese touch panel makers are scrambling to improve their fortunes. Wintek, the island's second-largest maker of touch panels, went under in October, and all four o

    November 26, 2014 07:00 pm JST
  • Factory automation

    Tsuneishi Shipbuilding in research alliance with Carnegie Mellon University

    TOKYO -- Japan's Tsuneishi Shipbuilding and Carnegie Mellon University of the U.S. have agreed to cooperate in developing automation and energy-saving technologies. Engineers from the Hiroshima Prefecture-based company will visit the school in

    November 26, 2014 02:00 pm JST
  • Game wars

    New software titles pit 'Pokemon' against rival 'Yokai Watch'

    TOKYO -- Pokemon Co. of Japan on Nov. 21 released the latest video game in its popular "Pokemon" series for the Nintendo 3DS to reach a new generation of fans in Japan and beyond, at a time when a huge hit product from rival "Yokai Watch" is stealin

    November 26, 2014 01:00 pm JST
  • Mixed signals in India

    Modinomics draws foreign investment, but domestic businesses slow

    MUMBAI -- Modinomics economic reforms have brought in a flood of foreign investment and propelled stocks to an all-time high, but real growth still remains elusive as domestic companies struggle to keep up with expectations. Foreign direct inves

    November 26, 2014 05:15 am JST
  • Owning up

    Honda admits underreporting serious US auto accidents

    TOKYO -- Honda Motor has acknowledged that it failed to report 60% of serious car accidents in the U.S. over more than a decade stretching back to 2003, a revelation likely to intensify the chilly winds it is facing in that country. Already the

    November 26, 2014 02:31 am JST
  • Venture capital in Japan's biotech

    Spider thread tempts but industry investment still low

    TOKYO -- Spiber, a Japanese biotech startup based in Tsuruoka, Yamagata Prefecture, is attracting throngs of corporate executives and investors from around the world. About 1,000 people visit the company annually to see the unique product it mak

    November 25, 2014 07:00 pm JST