Business
Japan's exports rise as U.S.-bound shipments grow amid trade war fears
Japan's export growth accelerated in August from the previous month as shipments to the United States grew as Tokyo looks to avert a trade war through talks with Washington expected later this month. Ministry of Finance data out on Wednesday showed exports rose 6.6 percent in August from a year… Read
Tesla confirms criminal probe into Musk talk of going private
Tesla confirmed Tuesday that U.S. Justice Department officials were looking into possible criminal aspects of a seemingly spontaneous, and later aborted, announcement by chief executive Elon Musk on taking the electric automaker private. Shares skidded as word spread of a criminal investigation triggered by Musk's Twitter comments. Tesla shares ended… Read
Paving its future: Ferrari unveils wide-ranging new plans
Ferrari is paving its way to future growth with a look to its roots. The company's new CEO, Louis Camilleri, unveiled a new business plan Tuesday that includes reviving iconic models and embedding them with Formula One technology. Significantly expanding Ferrari's electric-gasoline hybrid powertrain offering and affirming plans to introduce… Read
McDonald's workers across U.S. protest against sex harassment
McDonald's workers staged protests in several cities Tuesday in what organizers billed as the first multistate strike seeking to combat sexual harassment in the workplace. In Chicago, one of the targeted cities, several dozen protesters rallied in front of McDonald's headquarters while a plane flew overhead with a banner reading,… Read
U.S.-China tariffs: What's behind them, who stands to be hurt?
By imposing tariffs on $200 billion more in Chinese goods starting next week, President Donald Trump has intensified his trade war with Beijing and triggered the likelihood of price increases for many American companies and consumers. Beijing has said it will swiftly retaliate against American exporters — a move that… Read
Trumped: How Seoul's U.S. trade 'coup' left Korea steel in limbo as Japan marches on
As much as half of output capacity at some specialty South Korean steelmakers has ground to a standstill as an exemption to U.S. import tariffs they first hailed as a Seoul diplomatic coup turns out to be an quota bottleneck. Production lines are standing idle, people with knowledge of the… Read
Women in management at Japanese firms still a rarity: poll
Three-quarters of Japanese companies have no female senior executives and the vast majority say women account for less than 10 percent of management, a Reuters poll showed, underscoring an uphill battle for Prime Minister Shinzo Abe’s “Womenomics” push. Saying he wants women to shine, Abe has championed the need to… Read
Co-founder of Salesforce buys Time magazine for $190 million
Time Magazine is being sold by Meredith Corp. to Marc Benioff, a co-founder of Salesforce, and his wife, it was announced Sunday. Meredith announced that it was selling Time magazine for $190 million in cash to Benioff, one of four co-founders of Salesforce, a cloud computing pioneer. Meredith had completed… Read
74% of Japanese companies against daylight saving time for 2020 Olympics: poll
Three-quarters of Japanese firms oppose a proposal to adopt daylight saving time ahead of the 2020 Tokyo Olympics, a Reuters poll showed on Friday, citing the time and effort to adjust computer systems as well as disruptions to public life. Organizers of the Tokyo Olympics have floated the idea after… Read
10 years after Lehman Shock: Safer financial system yet much hasn't changed
On the brink of crumbling a decade ago, America's financial system was saved by an extraordinary rescue that revived Wall Street and the economy yet did little for individuals who felt duped and left to suffer from the reckless bets of giant banking institutions. The government intervention shored up the… Read
