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Facebook again draws fire after Thai man broadcasts baby daughter’s murder

26 Apr

BANGKOK – Police in Thailand on Wednesday said they would discuss how to expedite taking down “inappropriate online content” after a man broadcast himself killing his 11-month-old daughter in a live video on Facebook. Two videos, which were available for nearly 24 hours before they were taken down, show Wuttisan Wongtalay hanging his daughter from […]

Toshiba planning to replace auditor after clashes over Westinghouse accounting

26 Apr

Toshiba Corp. is in the final stages of talks to replace its auditor after the technology conglomerate’s earnings reports failed to get audit certification, sources said Wednesday. Toshiba clashed with its current auditor, PricewaterhouseCoopers Aarata, over accounting issues related to Westinghouse Electric Co., the tech giant’s troubled U.S. nuclear reactor unit that recently filed for […]

Shoko Chukin extended ¥19.8 billion in fraudulent loans

26 Apr

The government-affiliated Shoko Chukin Bank has discovered that 35 of its branches illicitly extended loans worth ¥19.8 billion under a low-interest financing program intended to help crisis-hit small businesses. According to a report released Tuesday by the bank’s third-party investigative panel, 816 loans were made by 99 officials at branches across Japan to ineligible borrowers […]

Hitachi may team up with U.K. fund to buy Toshiba unit

26 Apr

Hitachi may work with a British investment fund to acquire Swiss power-meter maker Landis+Gyr, a Toshiba unit being considered for sale, sources said. The acquisition is expected to cost more than ¥200 billion. A recent proposal calls for CVC Capital Partners to acquire a majority stake in Landis+Gyr, with Hitachi taking a minority interest. Hitachi […]

Seeking synergy with Nissan, Mitsubishi Motors opens plant in Indonesia

26 Apr

BEKASI, INDONESIA – Mitsubishi Motors Corp. opened an assembly plant Tuesday in Indonesia capable of producing 160,000 vehicles a year, as it strives to almost double its share of Southeast Asia’s largest car market to 10 percent within three years. Some of the vehicles produced at the factory on the outskirts of Jakarta may eventually […]

Nikkei hits one-month high on Wall Street rise, weaker yen

26 Apr

The benchmark Nikkei average extended its winning streak to a fourth session and closed at a one-month high on the Tokyo Stock Exchange Wednesday, supported by an overnight rise in U.S. equities and the yen’s weakening against the dollar. The 225-issue Nikkei average rose 210.10 points, or 1.1 percent, to end at 19,289.43, its highest […]

One-of-a-kind gold Darth Vader sculpture goes on sale

26 Apr

A one-of-a-kind solid gold Darth Vader mask is going on sale for ¥154 million ($1.4 million). Tanaka Kikinzoku Jewelry on Tuesday showcased the 15-kg (33-pound) sculpture, which has been commissioned to mark the 40th anniversary of the release of “Star Wars.” The sculpture of science fiction’s most famous villain will be available for purchase on […]

Facebook again draws fire after Thai man broadcast baby daughter’s murder

26 Apr

BANGKOK – A Thai man filmed himself killing his 11-month-old daughter in two video clips posted on Facebook before committing suicide, police said on Tuesday. People could access the videos of the child’s murder on her father’s Facebook page for roughly 24 hours, until they were taken down around 5 p.m. in Bangkok (1000 GMT) […]

Yamato preparing 20% delivery rate hike in September, its first rise in 27 years

26 Apr

Yamato Transport Co., Japan’s leading door-to-door parcel delivery service provider, is making final arrangements to raise its base shipping fees by up to 20 percent in September, sources familiar with the matter said Tuesday. The rate hike would be the first in 27 years, except for increases made in line with consumption tax hikes, and […]

Wells Fargo faces angry shareholders, protesters but board stays on

26 Apr

PONTA VEDRA BEACH, FLORIDA – Wells Fargo’s top management faced a series of protesters and apologized to investors Tuesday, but board members kept their jobs — albeit barely in some cases — at the first big shareholder meeting since a scandal over sales practices erupted. Shareholders clearly were irritated or angry at Wells’ management. In […]