Hit with arrest of ex-chair Ghosn, Nissan profit nose-dives

Business 05/14/19, 05:16

Japanese automaker Nissan, reeling from the arrest of its former chairman Carlos Ghosn, reported Tuesday that annual profit nose-dived to less than half of what it earned the previous year, and forecast even dimmer results going forward.Nissan Motor Co.'s profit for the fiscal year ended March totaled 319.1 billion yen ...

Nissan’s governance committee says Ghosn had too much power

Business 03/27/19, 06:50

A Nissan committee set up to strengthen corporate governance after the arrest of former Chairman Carlos Ghosn says it found he had too much power and recommended that the scandal-hit Japanese automaker add more independent outside directors to its board and better oversee compensation and auditing.The proposed changes were announced ...

Falcao gives Colombia win in Japan, SKorea beats Bolivia

Soccer 03/22/19, 09:07

Colombia beat Japan 1-0 in Yokohama and South Korea beat Bolivia 1-0 in Ulsan in friendlies on Friday.Radamel Falcao converted a second-half penalty after a handball by Takehiro Tomiyasu, to give Carlos Queiroz a win in his first match as Colombia coach.Colombia earned a measure of revenge for losing to ...

With Ghosn gone, Nissan, Renault, Mitsubishi form new board

Business 03/12/19, 03:32

The chief executives of Renault, Nissan and Mitsubishi are setting up a new board to oversee the French-Japanese auto alliance.Renault Chairman Jean-Dominique Senard, Renault Chief Executive Thierry Bollore, Nissan Chief Executive Hiroto Saikawa and Mitsubishi Motors Corp. Chief Executive Osamu Masuko appeared together Tuesday at Nissan Motor Co.'s Yokohama headquarters ...

Villa scores 1st goal in Japan as Kobe beats Sagan Tosu 1-0

Europe 03/02/19, 03:22

David Villa scored his first goal in Japan as Vissel Kobe beat Sagan Tosu 1-0 in the J-League on Saturday. Villa gave the hosts a 1-0 lead nine minutes after the break when he beat Sagan goalkeeper Takuo Okubo with a right-foot shot from 18 meters. The 36-year-old Villa has been reunited ...

Man City ownership buys Chinese club to expand portfolio

Sports 02/20/19, 04:21

Manchester City's Abu Dhabi ownership has expanded its portfolio of soccer clubs by purchasing Sichuan Jiuniu FC, which plays in China's third tier.City Football Group, of which English champion Man City is the flagship team, already has the following partnership clubs: New York City in Major League Soccer, Melbourne City ...

Toshiba unveils robot to probe melted Fukushima nuclear fuel

Science 01/28/19, 07:51

Toshiba Corp. has unveiled a remote-controlled robot with tongs that it hopes will be able to probe the inside of one of the three damaged reactors at Japan's tsunami-hit Fukushima nuclear plant and manipulate chunks of melted fuel.The device displayed Monday is designed to slide down an extendable 11-meter (36-foot) ...

Before MLB career, Tsutsugo aims to improve baseball at home

Baseball 01/25/19, 02:16

Before he pursues a career in Major League Baseball, Japanese slugger Yoshitomo Tsutsugo is on a mission to fix the sport in his native country, including the abolishment of what he says is corporal punishment and grueling practices.Tsutsugo said after the 2018 season that he wants to play for an ...

Nissan unveils new Leaf car after Ghosn’s arrest delays it

Business 01/08/19, 23:36

Nissan is showing the beefed up version of its hit Leaf electric car as the Japanese automaker seeks to distance itself from the arrest of its star executive Carlos Ghosn.The unveiling Wednesday at Nissan Motor Co.'s Yokohama headquarters, southwest of Tokyo, had been postponed when Ghosn was arrested Nov. 19.Ghosn ...

Update: Nissan confirms Ghosn dismissed as chairman

Business 11/22/18, 07:41

The Latest on Japanese automaker Nissan Motor Co.'s chairman Carlos Ghosn and allegations of financial violations against him (all times local):9:40 p.m.Nissan Motor Co. has confirmed that its board of directors voted unanimously to dismiss Carlos Ghosn as its chairman after he was arrested on suspicion of falsifying financial reports ...

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