Japan to bail out retailer
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The Industrial Revitalization Corp. of Japan (IRCJ) said on Tuesday it will bail out troubled retailer Daiei Inc. in an arrangement costing 597 billion yen (5.8 billion dollars).
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Japan&#39;s three major banking groups will invest in a bank set up by the country&#39;s top retailer Aeon Co., press reports said Saturday.
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The Tokyo Stock Exchange  is  likely to decide to delist scandal-hit Japanese brokerage Nikko  Cordial Corp. (8603.T) on Friday, the Nikkei business daily  reported.
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Japan's Fast Retailing makes a $900m (Â£448m) takeover bid for US department store chain Barneys New York.
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The Japanese retailer eyes acquisitions to spur U.S. growth.
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TOKYO/NEW YORK  - Japan on Friday ordered  Citigroup Inc. C.N to close its Japanese private banking  offices after uncovering a series of problems, including a  failure to prevent suspected money laundering.
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TOKYO: Carrefour is planning to sell its Japanese retail operations to generate cash as its core European sales slump and competition increases, the Asian Wall Street Journal reported yesterday.
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Japan Tobacco Inc.&#39;s Canadian unit, JTI-Macdonald, filed for bankruptcy protection after the Quebec government sued it for C$1.
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TOKYO : Debt-ridden Japanese retailer Daiei is considering seeking help from a state-backed corporate body, reversing an earlier reluctance after pressure from its creditors, officials said.
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The Bank of Japan said Wednesday the confidence of the nation&#39;s largest manufacturers has fallen for the first time in more than two years.
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Japan's top three banks are expected to  resist a request to put up a total of $15 billion for a  U.S.-led subprime rescue fund, a move that could further cloud  prospects for the bailout plan.
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Wal-Mart Stores Inc's  Japan unit,  Seiyu Ltd (8268.T), said on Tuesday that it likely lost twice  as much money last year as previously forecast due to slumping  sales and asset write-downs.
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BRITISH telecoms group Cable and Wireless has agreed to sell its Japanese unit to internet service provider Softbank for Â£72.4 million ($178.
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French retail giant Carrefour SA is planning to sell its operations in Japan, the Wall Street Journal reports on its website.
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General Electric Co.'s  consumer finance arm plans to close 60 percent of its personal loan branches in Japan and shed up to 400 employees amid an industrywide slump prompted by tighter regulation.
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The electronics retailer might seek bankruptcy to fend off lenders.
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Japanese financial authorities announced Friday they would shut down Citibank&#39;s private banking business in the country after finding &quot;severe legal violations&quot; in its operations.