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Japan nuke utility shareholders approve bailout

Japan nuke utility shareholders approve bailout
By MARI YAMAGUCHIAssociated Press TOKYO (AP) - The power company behind Japan's nuclear crisis got support from shareholders Wednesday for a decision to take 1 trillion yen ($12.6 billion) in public funds that effectively nationalizes the utility. Meanwhile

New Sony president gets shareholder approval

New Sony president gets shareholder approval
By YURI KAGEYAMAAP Business Writer TOKYO (AP) - Kazuo Hirai, the former head of Sony's game division, won shareholder approval Wednesday to steer a turnaround at the struggling Japanese electronics giant as its new president and chief executive. But

New Sony president wins shareholder approval

New Sony president wins shareholder approval
TOKYO (AP) - Kazuo Hirai, the former head of Sony's game division, will steer the struggling Japanese electronics and entertainment conglomerate's turnaround as the company's new president and chief executive. Shareholders approved Hirai after a

Report: Nuclear safety chief bullied workers

Report: Nuclear safety chief bullied workers
By MATTHEW DALYAssociated Press WASHINGTON (AP) - An internal investigation has concluded that the departing chairman of the Nuclear Regulatory Commission engaged in bullying and intimidation, creating a tense working environment at the agency. A report Tuesday

Japan's lower house approves doubling of sales tax

Japan's lower house approves doubling of sales tax
By MALCOLM FOSTERAssociated Press TOKYO (AP) - Japan's lower house voted Tuesday to double the country's sales tax to 10 percent over three years in a bid to rein in a bulging national debt as an aging population burdens the country's social security system

Nissan chief wary despite quick disaster recovery

Nissan chief wary despite quick disaster recovery
By YURI KAGEYAMAAP Business Writer YOKOHAMA, Japan (AP) - Nissan Chief Executive Carlos Ghosn said Tuesday the automaker needs to conserve cash despite its quick recovery from a year of disasters as the global economic outlook is highly uncertain. Ghosn told

Japan's PM pleads for unity before tax hike vote

Japan's PM pleads for unity before tax hike vote
By ERIC TALMADGEAssociated Press TOKYO (AP) - Japan's prime minister made a final plea for unity on a tax hike vote Tuesday that has divided his ruling party and could weaken his hold on power. Prime Minister Yoshihiko Noda told Parliament the sales tax

Seeking elusive 'alpha,' investors scour the globe

Seeking elusive 'alpha,' investors scour the globe
By BERNARD CONDONAP Business Writer NEW YORK (AP) - You can leap off a mountainside in extreme skiing, kick and claw to near death in extreme fighting and twist yourself into a pretzel in extreme yoga. Why not turn investing into an adventure sport?

Japan sells first fish caught since nuclear crisis

Japan sells first fish caught since nuclear crisis
By YURI KAGEYAMAAP Business Writer TOKYO (AP) - The first seafood caught off Japan's Fukushima coastline since last year's nuclear disaster went on sale Monday, but the offerings were limited to octopus and marine snails because of persisting fears about radiation

Toyota stays lean to ride out strong yen and grow

Toyota stays lean to ride out strong yen and grow
By YURI KAGEYAMAAP Business Writer TOKYO (AP) - Toyota Motor Corp. has been hammered by the strong yen, putting extra pressure on the automaker to stay lean and come up with new innovations to ride out the challenge, a senior executive said Thursday. Toyota