Major construction firms to join forces to stop bid-rigging
December 29, 2005Major construction firms will join forces to eliminate bid-rigging with the revised Antimonopoly Law to take effect Jan. 4, mandating harsher penalties for offenders, sources familiar with the matter said Thursday. The joint action was decided as...
Yomiuri increases stake in NTV to 24%
December 29, 2005Nippon Television Network Corp said Wednesday that the Yomiuri Shimbun Group Honsha has raised its stake in the company from 19.1% to 24% on the basis of voting rights. The figure was unveiled in a report that the group submitted to the Kanto Loca...
Bluefin tuna fetches Y9.75 mil at auction
December 29, 2005A bluefin tuna fetched the second highest price ever paid at 9.75 million yen at Tokyo's Tsukiji wholesale market on Wednesday as bidding grew intense on greater demand ahead of the year-end and New Year holidays, market officials said. The 325-ki...
Toyota Finance to acquire Nippon Life's credit card unit
December 29, 2005Toyota Finance Corp, a financial firm affiliated with Toyota Motor Corp, said Wednesday it has agreed with Nippon Life Insurance Co to acquire the leading life insurer's credit card subsidiary, Nissay Card Service Co, next spring. The deal calls f...