Nissan first-half profit slumps on rising costs

Japanese automaker Nissan on Thursday logged a 10.9-percent drop in net profit for the six months to September due to a decline in global sales and rising material costs.

Toshiba slashes 7,000 jobs, downgrades profit outlook

The boss of struggling Toshiba said Thursday he would cut 7,000 jobs over the next five years as the Japanese engineering firm pulled out of foreign investments and downgraded its annual profit forecasts.

Panasonic first-half profit sags on higher costs

Japanese electronics giant Panasonic said Wednesday first-half net profit slipped on higher costs linked to a factory it runs with US electric carmaker Tesla, though sales rose thanks to growth in automotive products and ...

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