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Japan’s Renesas pushes into autos with $3.2 billion Intersil buy

By Makiko Yamazaki TOKYO (Reuters) – Renesas Electronics Corp on Tuesday said it has agreed to buy U.S. chipmaker Intersil Corp for $3.2 billion, an all-cash deal that bolsters the Japanese group's efforts to refocus the company around automotive chips. Renesas, created from the semiconductor units of several Japanese companies, has amassed a significant war chest since a state fund and key clients …

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Japan’s Renesas pushes into autos with $3.2 billion Intersil buy

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Electronic Marlboro sucks Japanese smokers away from Japan Tobacco

By Ritsuko Shimizu TOKYO (Reuters) – Marlboro maker Philip Morris International says its e-cigarette has rapidly captured close to 3 percent of Japanese tobacco sales, making inroads into a market Japan Tobacco (JT) relies on for 40 percent of its profit. In what may be an early vindication of Philip Morris's e-cigarette strategy, the iQOS accounted for 2.2 percent of Japan's tobacco sales in the quarter ended June 30, a company spokesman said.

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Electronic Marlboro sucks Japanese smokers away from Japan Tobacco

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Exclusive: U.S. and Chinese labor groups collaborated before China Wal-Mart strikes

OUR Walmart, the American worker group, has taken the unusual step of collaborating with a group of Chinese Wal-Mart workers trying to fight work schedule changes and low wages. “They asked for our support,” said Cantare Davunt, OUR Wal-Mart's leader from Minnesota, who participated in the Skype call. The U.S. organization is keen to maintain the relationship with the WCWA and believes such partnerships can boost the clout of the retailer’s global workforce.

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Exclusive: U.S. and Chinese labor groups collaborated before China Wal-Mart strikes

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SoftBank to buy UK chip designer ARM in $32 billion cash deal

TOKYO/LONDON (Reuters) – SoftBank Group Corp has agreed to buy UK chip designer ARM Holdings PLC in a 24.3 billion pound ($32.2 billion) cash deal, the two sides said on Monday, a bold bet on internet-connected machines that will transform the Japanese group. ARM stands to be central to the …

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SoftBank to buy UK chip designer ARM in $32 billion cash deal

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Takata settles Florida air bag injury lawsuit

By David Shepardson WASHINGTON (Reuters) – Lawyers for a Florida woman who was left a quadriplegic after a Takata air bag inflator deployed in a 2014 crash said Friday they had settled a lawsuit against the Japanese company. The settlement was confirmed

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Takata settles Florida air bag injury lawsuit

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Asian shares gain, dollar firm as US data soothes rate fears

By Hideyuki Sano and Nichola Saminather TOKYO/SINGAPORE (Reuters) – Asian shares jumped on Wednesday while the dollar firmed as upbeat U.S. home sales supported the view that the economy may be strong enough for the Federal Reserve to raise interest rates in coming months. Europe was also poised for a strong open, with financial spreadbetters expecting Britain's FTSE 100 to open up 0.9 percent, Germany's DAX to jump 1.1 percent, and France's CAC 40 to start the day 0.8 percent higher. U.S. new home sales data on Tuesday showed …

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Asian shares gain, dollar firm as US data soothes rate fears

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Mitsubishi Motors used non-compliant data far longer than disclosed: source

By Naomi Tajitsu TOKYO (Reuters) – Mitsubishi Motors Corp used fuel economy testing methods that were not compliant with Japanese regulations since 1991 – much longer than previously known, a source briefed on the matter said. Japan's sixth-largest automaker has lost half of its market value – some $3.9 billion – since it admitted…

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Mitsubishi Motors used non-compliant data far longer than disclosed: source

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BMW, Volkswagen, Daimler recall vehicles in U.S. with Takata air bags

FRANKFURT/WASHINGTON (Reuters) – The three largest German automakers said they will recall 2.5 million vehicles in the United States equipped with Takata Corp air bags, the latest moves in a long-running safety crisis involving the Japanese automotive supplier. On Wednesday, Volkswagen AG said it would recall 850,000 vehicles and BMW said it would recall 840,000 vehicles. The vehicles to be recalled have Takata-made air bag inflators that

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BMW, Volkswagen, Daimler recall vehicles in U.S. with Takata air bags

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EBay’s disappointing forecast fuels stock decline

EBay Inc forecast weaker-than-expected revenue and profit for the current quarter and full year, as the e-commerce company struggles against a strong dollar while trying to revamp its core marketplace business. The online retailer, which faces intense competition from e-commerce giant Amazon.com Inc, has also been hit by brick-and-mortar rivals like Wal-Mart Stores Inc that are aggressively boosting their online presence. Under its new chief executive Devin Wenig,

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EBay’s disappointing forecast fuels stock decline

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Takata prepares CEO exit over air bag safety scandal: sources

Takata Corp is preparing the ground for the exit of its chief executive, two people close to the Japanese air bag maker said, as pressure builds on a company reeling from the auto industry's biggest recall. Takata has been under fire for almost two years over defective air bags that can explode with excessive force and shoot shrapnel inside the car – a problem that has ballooned…

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Takata prepares CEO exit over air bag safety scandal: sources

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