Nomura International PLC said Monday it has agreed to hire some 150 workers for failed U.S. broker Lehman Brothers' fixed-income operations in Europe. The move came after Japan's top brokerage house Nomura Holdings Inc. , the parent of London-based Nomura

The key Nikkei average briefly tumbled below the psychologically important 10,000 line for the first time since December 2003 on the Tokyo Stock Exchange Tuesday morning, as the deepening U.S. and European financial crises sent shock waves through stock markets

Nomura Holdings Inc. said Tuesday it will close its acquisition of Lehman Brothers' businesses in Europe and the Middle East on Monday. Nomura will take over most of the 2,500 Lehman employees in the regions. The move means that Lehman's

Mitsubishi UFJ Financial Group Inc. said Tuesday it has acquired a financial holding company status in the United States. The U.S. Federal Reserve granted the status to Mitsubishi UFJ Financial and three subsidiaries--Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust &

Hitachi Ltd. said Tuesday that it has won a contract to supply a total of more than 40 elevators and escalators for a high-rise commercial and office complex in Kuwait. The major Japanese electric machinery maker will supply 39 elevators,

Japanese seafood producer Maruha Nichiro Holdings Inc. said Tuesday it will form a business and capital tie-up with a major Canadian seafood company. Maruha Nichiro plans to strengthen shellfish procurement through the deal with Halifax-based shellfish producer Clearwater Seafoods Ltd.

Japanese apparel firm Renown Inc. is considering selling British luxury brand Aquascutum, in an effort to turn around its failing business, sources familiar with the company's planning said Tuesday. For the year to February 2009, Renown is expected to record

Major Japanese beverage firm Kirin Holdings Co. said Tuesday it has agreed to sell its Australian Dairy Farmers' yogurt license to New Zealand's leading dairy firm Fonterra Co-operative Group Ltd. For an undisclosed sum, Fonterra will acquire the rights to

The key Nikkei average briefly tumbled below the psychologically important 10,000 line for the first time in nearly five years on the Tokyo Stock Exchange Tuesday, amid concern that the ongoing credit crunch may get out of control to batter

Softbank Mobile Corp. remained in the top spot in net mobile phone subscription growth for the third straight half year in April-September, industry data showed Tuesday. The unit of Internet and telecommunications conglomerate Softbank Corp. registered a net subscription number

Japanese consumer electronics giant Panasonic Corp. on Tuesday marked the production of its 300 millionth television set since it launched TVs in 1952. It is the first time for a TV maker anywhere to hit the 300 million mark, the

Earnings outlooks for fiscal 2008 at Japanese companies are worsening by the day as the ongoing global financial crisis steadily works to erode the value of their equity holdings and revenues earned abroad. As of Tuesday, companies listed on the

Cyberdyne Inc. and Daiwa House Industry Co. said Tuesday they will begin leasing a robotic suit that assists the disabled who wear it with basic movements such as walking, sitting and standing. The special suit was developed by Yoshiyuki Sankai,

Tokyo, Oct 7, 2008 - (JCN Newswire) - Panasonic Corporation announced today it is set to roll out its 300 millionth TV set on October 7, 2008, which marks the 56th year since the company began producing them in 1952.

London, Oct 6, 2008 - (JCN Newswire) - Nomura, the pre-eminent Asia-based investment bank, today announced that the conditions to closing the acquisition of Lehman Brothers' investment banking and equities businesses in Europe and the Middle East had been met.

Osaka, Oct 6, 2008 - (JCN Newswire) - Sharp Corporation ("the Company") has revised its forecast of financial results announced on April 25, 2008 as follows, in the light of recent business performance. Revision of forecast of the consolidated financial

Manila and Tokyo, Oct 7, 2008 - (JCN Newswire) - Mobile Content Networks (MCN), the leading provider of mobile search management and search revenue solutions, today announced the launch of "SMART Music Search" in partnership with the Philippines' leading mobile