Nissan quarterly profit down 11 pct on yen, shrinking sales
By YURI KAGEYAMA - AP - Wed Jul 27, 4:23AM CDT
TOKYO (AP) — Japanese automaker Nissan Motor Co. is reporting a 136.4 billion yen ($30.7 million) profit for the fiscal quarter through June, down nearly 11 percent from the same period a year ago, after a mileage testing scandal at its supplier hit its minicar sales in Japan.
Mitsubishi Corporation Participates in Residential Development Project in Vietnam
JCN Newswire - Tue Jul 26, 11:17PM CDT
Mitsubishi Corporation (MC) is pleased to announce that it will become a partner in a residential development project underway in Hanoi, Vietnam. The project is being developed by Bitexco Group of Companies (BITEXCO), one of the leading real estate developing enterprises in Vietnam.
Mitsubishi expects $1.4 billion loss after mileage cheating
By YURI KAGEYAMA - AP - Wed Jun 22, 4:10AM CDT
TOKYO (AP) — Mitsubishi Motors Corp., which recently acknowledged it inflated mileage on its models, is forecasting a 145 billion yen ($1.4 billion) loss for the fiscal year through March 2017.
Japan: Mitsubishi cheated on mileage by up to 16 pct
By YURI KAGEYAMA - AP - Mon Jun 20, 11:26PM CDT
TOKYO (AP) — The Japanese government said Tuesday that Mitsubishi Motors Corp. overstated mileage on its vehicles by up to 16 percent, but stopped short of slapping further penalties on the company.
CB&I's 10 Top-Valued Projects Fueled by Major LNG Projects on Four Continents, an Industrial Info News Alert
Marketwired - Fri Jun 10, 6:30AM CDT
SUGAR LAND, TX--(Marketwired - Jun 10, 2016) - Researched by Industrial Info Resources (Sugar Land, Texas) -- CB&I Incorporated (NYSE:CBI) (The Hague, Netherlands), also known as Chicago Bridge & Iron Company, is maintaining a healthy slate of projects, despite a slowing business environment due to the consistent weakness in commodity prices. According to Industrial Info's project database, CB&I is involved in more than 140 projects, with a total investment value (TIV) of $175.6 billion. More than half of the TIV is attributed to the 10 highest-valued projects, all of which involve construction and additions at liquefied natural gas (LNG) facilities.
CBI: 34.40 (-1.15), SRE: 111.43 (+0.53), CVX: 101.86 (-0.40), APC: 53.40 (-0.40)
MC Aviation Partners Inc. Takes Flight With NetSuite OneWorld to Support Business Growth
PR Newswire - Wed Jun 01, 11:00PM CDT
NetSuite Co., Ltd., the Japanese subsidiary of NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced that MC Aviation Partners Inc. ("MCAP"
N: 108.51 (+16.94)
Business Highlights
By The Associated Press - AP - Wed Jun 01, 4:35PM CDT
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Mitsubishi Materials, Chinese WWII slave workers reach deal
By MARI YAMAGUCHI - AP - Wed Jun 01, 7:25AM CDT
TOKYO (AP) — Mitsubishi Materials Corp., one of dozens of Japanese companies that used Chinese forced laborers during World War II, reached a settlement covering thousands of victims Wednesday that includes compensation and an apology.
Venti-Japan, C-TECH, and Mitsubishi Corp Join Forces to Launch 66MW Windfarm in Northern Japan
JCN Newswire - Thu May 19, 10:23PM CDT
TOKYO, May 20, 2016 - (JCN Newswire) - Venti-Japan Inc. (President: Hiroyuki Sato, "Venti"
Mitsubishi Motors president to resign over mileage scandal
By YURI KAGEYAMA - AP - Wed May 18, 6:26AM CDT
TOKYO (AP) — Mitsubishi Motors Corp. President Tetsuro Aikawa said Wednesday that he will step down to take responsibility for the mileage cheating scandal unfolding at the Japanese automaker.
Suzuki apologizes for improper road tests, denies cheating
By YURI KAGEYAMA - AP - Wed May 18, 5:08AM CDT
TOKYO (AP) — Japanese automaker Suzuki Motor Corp. apologized Wednesday for improper road tests, but denied reports that it illegally falsified mileage numbers.
Geodesic Capital Launches a $335 Million Growth Fund to Bridge Silicon Valley, Japan and Asia
PR Newswire - Tue May 17, 11:00AM CDT
Geodesic Capital, an independent growth stage venture capital firm investing in U.S.-based consumer and enterprise technology companies, today announced the close of its first fund, Geodesic Capital Fund I, totaling $335 million.
Mitsubishi Corporation Signs Concession for Canberra Light Rail Project
JCN Newswire - Tue May 17, 6:25AM CDT
TOKYO, May 17, 2016 - (JCN Newswire) - Mitsubishi Corporation (MC) is pleased to announce that Canberra Metro PC Pty Ltd (Canberra Metro), a joint stock company established by MC, Pacific Partnerships (Australia), John Holland (Australia) and Aberdeen Infrastructure Investments (United Kingdom), has signed an agreement with the Australian Capital Territory (ACT) Government for a concession to undertake Light Rail Transit (LRT) operations in Canberra under a public-private partnership (PPP) scheme.
Mitsubishi Corporation: Investment Fund Aimed at Silicon Valley Startups Reaches Fundraising Target
JCN Newswire - Mon May 16, 10:27PM CDT
SNE: 30.67 (+0.28)
Geodesic Capital Launches a $335 Million Fund for Growth Stage Venture Capital to Bridge Silicon Valley, Japan, and Asia
JCN Newswire - Mon May 16, 8:34PM CDT
SNE: 30.67 (+0.28)
Ghosn certain $2.2 billion deal for Mitsubishi is a bargain
By YURI KAGEYAMA - AP - Fri May 13, 2:46AM CDT
YOKOHAMA, Japan (AP) — Nissan Chief Executive Carlos Ghosn is confident a 237 billion yen ($2.2 billion) investment in a controlling stake in scandal-embroiled Mitsubishi Motors will prove a bargain when sheer size is critical in the auto industry.
GM: 30.99 (-1.03), TM: 110.79 (+0.22)
Nissan takes 34 pct stake in scandal-hit Mitsubishi Motors
By YURI KAGEYAMA - AP - Thu May 12, 12:42PM CDT
TOKYO (AP) — Nissan Motor Co. is investing 237 billion yen ($2.2 billion) to take a 34 percent stake in scandal-ridden Mitsubishi Motors Corp. in what Nissan Chief Carlos Ghosn said is "a win-win" deal intended to repeat the success of his Nissan-Renault alliance.
Nissan reports drop in profit, taking stake in Mitsubishi
By YURI KAGEYAMA - AP - Thu May 12, 6:30AM CDT
TOKYO (AP) — Nissan, which is taking a 34 percent stake in scandal-ridden Japanese rival Mitsubishi Motors, suffered a 40 percent plunge in January-March profit as sales dipped and currency perks faded.
Nissan and scandal-hit Mitsubishi in talks on partnership
By YURI KAGEYAMA - AP - Thu May 12, 1:07AM CDT
TOKYO (AP) — Scandal-plagued Mitsubishi Motors Corp. may have a suitor, Nissan Motor Co., headed by auto-industry turnaround guru Carlos Ghosn.