TSE to allow 'golden share' issuance
December 18, 2005The Tokyo Stock Exchange, in an about-face, plans to conditionally allow listed companies to issue so-called golden shares as a defense measure against hostile takeovers, sources familiar with the matter said Saturday. The TSE had previously propo...
First batch of U.S. beef arrives following lifting of import ban
December 18, 2005The first batch of U.S. beef since the Japanese government lifted its embargo arrived in Japan on Friday, the health and agricultural ministries announced. The shipment of around 4.6 tons, imported by Marudai Food Co, the Osaka-based major manufac...
TSE considering nighttime trading
December 18, 2005Tokyo Stock Exchange Chairman Taizo Nishimuro said Friday the exchange is considering introducing nighttime stock trading in response to a large increase in trading by individual investors....
Kao-led group to bail out Kanebo
December 18, 2005The state-backed corporate bailout agency on Friday formally selected a group led by Japan's top household products maker Kao Corp as the buyer of ailing Kanebo Ltd. and Kanebo Cosmetics Inc. The Industrial Revitalization Corp of Japan approved th...
Marubeni to get 80% stake in German water services firm
December 18, 2005Marubeni Corp has agreed to buy around March an 80 percent interest in a German water services provider from Berlinwasser Holding AG (BWH) for roughly 6 billion yen, the Nihon Keizai Shimbun reported Friday. The major trading company intends to us...