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  • Additional recall to drag out Takata's air bag woes

    TOKYO -- Takata's recent findings that even air bags previously deemed safe could explode have expanded its already enormous recall in the U.S., further prolonging the Japanese manufacturer's troubles.The National Highway Traffic Safety Administrati

    July 13, 2017 05:21 am JST
  • US utility to decide fate of Westinghouse reactors in August

    WASHINGTON -- U.S. utility Southern will decide next month whether to continue to construct a pair of reactors ordered from Westinghouse Electric, the now-bankrupt nuclear unit of Japan's Toshiba.Completing the reactors "is really central to [Americ

    July 13, 2017 05:06 am JST
  • Fed's Yellen says rate and portfolio plans on track, cautions on inflation

    WASHINGTON (Reuters) -- The U.S. economy is healthy enough for the Fed to raise rates and begin winding down its massive bond portfolio, though low inflation and a low neutral rate may leave the central bank with diminished leeway, Fed Chair Janet Y

    July 13, 2017 04:25 am JST
  • Coast to coast, Fed sees 'slight to moderate' and 'modest to moderate' economy

    WASHINGTON (Reuters) -- The U.S. economy grew at a "slight to moderate" pace over the last several weeks across all regions of the country, with wage pressures reported for both low- and high-skilled jobs, the Federal Reserve reported in its latest

    July 13, 2017 03:30 am JST
  • Netflix struggling to win over Asia

    BANGKOK -- Netflix, the U.S. video streaming giant, is spinning its wheels in Asia, a new market study shows. The number of its paid subscribers in the Asia-Pacific region is hovering at about 4.8 million. That is just under 11% of the company's tot

    July 13, 2017 02:00 am JST
  • Japan, South Korea face 'tipping point': Philip Morris CEO

    SEOUL - Due to the rapid take-up of alternative tobacco devices in Japan and South Korea, Philip Morris International, the world's most valuable cigarette company, is looking to begin talks with governments within five years on phasing out cigarette

    July 12, 2017 04:54 pm JST
  • PPAP star Piko Taro to debut at U.N. to promote development goals

    TOKYO (Kyodo) --"Pen-Pineapple-Apple-Pen" star Piko Taro accepted a request Wednesday to attend a U.N.-related event in New York later this month to promote the U.N. Sustainable Development Goals, aimed at eradicating poverty and inequality.Foreign

    July 12, 2017 04:38 pm JST
  • China's CITIC Agri Fund buys Dow corn seed assets for $1.1 billion

    BEIJING (Reuters) -- A Chinese fund part-owned by congolomerate CITIC Ltd has paid $1.1 billion for some of Dow Chemical Co's corn seed business in Brazil, in a further sign of China's fast-expanding role in the global seed sector.The deal includes

    July 12, 2017 04:02 pm JST
  • Toshiba's Landis+Gyr unit aims to raise up to $2.49 billion in IPO

    ZURICH (Reuters) -- Toshiba's Landis+Gyr smart meters unit aims to raise up to 2.4 billion Swiss francs ($2.49 billion) in an initial sale of shares as the Japanese company unloads the business to help cover losses at its bankrupt U.S. nuclear unit

    July 12, 2017 02:51 pm JST
  • Startup financing losing steam in US, China

    SHANGHAI/PALO ALTO, U.S. -- Venture capital investment has slowed markedly in the U.S. and China, the two largest players in the field by far, a slump that could last for some time as both countries embark on tighter monetary policy.The head of a ve

    July 12, 2017 02:50 pm JST
  • No. 2 cryptocurrency Ethereum plunges 50% in 4 weeks

    NEW YORK -- The value of Ethereum, the No. 2 virtual currency by market value, has been falling for weeks. According to market data provider CoinDesk, the currency's rate against the dollar on Tuesday slipped briefly to touch $183.39, down 13.3% fro

    July 12, 2017 01:04 pm JST
  • Toshiba's plans to sell memory unit getting complicated

    TOKYO -- As Toshiba hits a wall in its efforts to sell its flash memory unit to a favored buyer, the Japanese company is taking a second look at bids from suitors it previously spurned, according to a briefing Tuesday for key banks. Toshiba's plans

    July 12, 2017 11:13 am JST
  • Western Digital gets US court order to access Toshiba databases, chip samples

    SAN FRANCISCO (Reuters) -- Western Digital Corp won a temporary U.S. court order on Tuesday saying that Toshiba Corp must allow Western Digital's employees to access databases and chip samples as part of a joint venture with Toshiba around flash mem

    July 12, 2017 07:18 am JST
  • American LNG exports blow past 2016 tally

    NEW YORK -- The U.S. exported 197.6 billion cu. feet of liquefied natural gas from January through April, exceeding the total for all of last year, as American influence in the international market grew.April's exports alone quintupled on the year t

    July 12, 2017 07:02 am JST
  • US THAAD missile defenses hit test target as North Korea tension rises

    WASHINGTON (Reuters) -- The United States said on Tuesday it shot down a simulated, incoming intermediate-range ballistic missile (IRBM) similar to the ones being developed by countries like North Korea, in a new test of the nation's THAAD missile d

    July 12, 2017 06:43 am JST
  • Trump Jr. emails suggest he welcomed Russian help against Clinton

    WASHINGTON (Reuters) -- Presidential candidate Donald Trump's eldest son eagerly agreed last year to meet a woman he was told was a Russian government lawyer who might have information incriminating Democratic rival Hillary Clinton as part of Moscow

    July 12, 2017 06:02 am JST
  • Wall St ends flat as politics drive stocks

    NEW YORK (Reuters) -- U.S. stocks ended little changed on Tuesday in a session marked by knee-jerk reactions to events in Washington that drove investors to first worry then hope about prospects for the Trump administration's economic agenda.Stocks

    July 12, 2017 05:42 am JST
  • IOC to pick Los Angeles, Paris for 2024 or 2028 Olympics

    LAUSANNE, Switzerland (AP) -- Finally, Los Angeles and Paris have their Olympic hosting destiny in their own hands.If they can agree who goes first, each city will be awarded either the 2024 or 2028 Summer Games in September.International Olympic Co

    July 12, 2017 03:59 am JST
  • US says 2.7m additional Takata air bag inflators to be recalled

    WASHINGTON (Reuters) -- The U.S. National Highway Traffic Safety Administration said Tuesday that new testing is prompting Takata Corp to declare 2.7 million air bag inflators defective in Ford Motor Co, Nissan Motor Co and Mazda Motor Corp vehicles

    July 12, 2017 03:54 am JST
  • Mitsubishi Gas Chemical building new US wafer cleaner plants

    TOKYO -- Mitsubishi Gas Chemical will establish two new American plants by 2019 that will double its U.S. output of a chemical used to clean semiconductor wafers.North American semiconductor makers are ramping up orders for super-pure hydrogen perox

    July 12, 2017 03:53 am JST