Business

Japan prices rose sluggish 0.9% last year

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Japanese consumer prices rose a sluggish 0.9 percent last year, according to government data published Friday, as the world's third-largest economy continues its years-long battle to stoke weak inflation. The annual figure is far below the central bank's inflation target of two percent, and come as the Bank of Japan… Read

Business

Nissan to cut up to 700 contract workers in Mississippi

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Nissan Motor Co announced Thursday that it's cutting up to 700 contract workers at its Mississippi assembly plant, citing slowing sales for vans and Titan pickup trucks that it makes there. The move follows Nissan's December announcement that it's cutting 1,000 jobs at two Mexican factories. Reports in May indicated… Read

Business

Hitachi suspends work on nuclear plant in Wales due to financing problems

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Hitachi said Thursday it would freeze construction of its stalled nuclear power station in Wales due to problems financing the project, a blow to Britain's nuclear strategy and a costly decision for the Japanese firm. The company said in a statement the decision was made "from the viewpoint of Hitachi's… Read

Business

French government calls for Renault board meeting to replace Ghosn

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French Finance Minister Bruno Le Maire said on Wednesday the government had requested a Renault board meeting in coming days to replace the company's scandal-hit Chairman and Chief Executive Carlos Ghosn. The company needs a change of governance, Le Maire said in an interview with French TV station LCI, confirming… Read

Business

No-shows for auto shows? Detroit and others aim to retool

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At first glance, this year's edition of the North American International Auto Show might look like any other from the past: Gleaming vehicles, bright lights and flashy displays trying to lure spectators to their offerings. But after traversing Cobo Center's massive exhibition space and ticking off the automakers, you'll notice… Read

Business

Japan's November machinery orders stall in worrying sign over business spending

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Japan’s core machinery orders slowed sharply in November in a sign corporate capital expenditure could lose momentum as a bruising U.S.-China trade war spills into the global economy. The slight 0.02 percent decline month-on-month in core machinery orders, considered a leading indicator of capital expenditure, was well below the median… Read

Business

France seeks Renault board meeting to replace CEO Ghosn

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The French government is moving to dismiss Renault's scandal-hit Chairman and Chief Executive Carlos Ghosn and has requested a board meeting to consider candidates to replace him, sources with knowledge of the matter told Reuters. France, Renault's biggest shareholder, had until now supported the company's decision to keep Ghosn in… Read

Business

Trade war's wounded: U.S. companies improvise to dodge cost hikes

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In Rochester, New York, a maker of furnaces for semiconductor and solar companies is moving its research and development to China to dodge President Donald Trump's import taxes — a move that threatens a handful of its 26 U.S. jobs. In California's San Joaquin Valley, the CEO of a company… Read

Business

Razor burn: Gillette ad stirs online uproar

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A Gillette ad for men invoking the #MeToo movement is sparking intense online backlash, with accusations that it talks down to men and groups calling for a boycott. But Gillette says it doesn't mind sparking a discussion. Since it debuted Monday, the internet-only ad has garnered nearly 19 million views… Read

Business

VW, Ford team up on pickups, explore deal on electrics

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Volkswagen and Ford are forming a global alliance to develop commercial vans and medium-sized pickups together while exploring broader cooperation on future battery-powered and autonomous vehicles and services. Volkswagen CEO Herbert Diess and Ford CEO Jim Hackett said Tuesday that the first jointly developed vehicles could hit the market as… Read

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