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April, 30, 2016

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Business > Company Focus
Troubled conglomerate Toshiba announced Tuesday it had booked a US$2.3 billion write-down of its U.S. nuclear unit Westinghouse but said the sale of its medical devices business would reduce its forecast net loss for the year ended March.
 
British energy producer BP saw its first-quarter earnings slump by 79 percent as lower gas and oil prices continued to take their toll.
 
BHS, the owner of department stores across the UK, has called in outside help to rescue the struggling firm from potential closure and the loss of around 11,000 jobs, administrators said Monday.
 
Dunlop Tires announced a recall of its SP TOURING T1 tire products, offering free replacement and installation for customers owning the tires.
 
McDonald's said U.S. sales jumped in the first quarter as it raised prices, worked on improving service and benefited from the popularity of its all-day breakfast menu.
 
Weak results despite turnaround effort: Microsoft
Microsoft reported a surprise drop in sales and profit for the first three months of the year, a sign the tech giant is still trying to find its way in the post-PC era.
 
Mitsubishi shares crash again on fuel-cheat scandal
Mitsubishi Motors suffered another rout Friday, capping a disastrous week that has seen its shares plunge more than 40 percent after the automaker's shock admission that it cheated on fuel-efficiency tests.
 
Sears to close 78 stores this summer in drive to restore brand profitability
Sears Holdings Corp. will close another 78 stores -- 68 Kmart units, and 10 Sears stores -- as it looks to restore profitability.
 
A Google empire built on search shifted attention on Thursday to high-speed internet networks, 360-degree video broadcasting and "other bets" as parent company Alphabet logged disappointing earnings.
 
Apple confirmed Friday its iTunes Movies and iBooks service have become unavailable in China, after reports authorities ordered them to be taken offline.
 
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