Business

 New York, May 16 (AP) The coronavirus pandemic has pushed the storied but troubled department store chain JC Penney into Chapter 11 bankruptcy. It is the fourth major retailer to …

Pandemic claims another US retailer: 118-year-old J.C. Penney Read More

TOKYO: Mitsubishi Heavy Industries says it is halving the annual development budget for Japan’s first regional jet in half a century, the M90 SpaceJet, as the coronavirus pandemic squeezes profits. …

SpaceJet development budget halves by Mitsubishi Read More

Sony Corp. presented Thursday the world’s first image sensors with built-in artificial intelligence, promising to make data-gathering tasks much faster and more secure. Calling it the first of its kind, …

Sony presents ‘world’s first’ image sensors with built-in AI Read More

Nissan Motor Co. plans to cut its global production capacity by 20 percent from the current level by fiscal 2022, as the spread of the new coronavirus has led to …

Nissan to cut production capacity by 20% as coronavirus hits sales Read More

Major mobile phone carriers KDDI Corp. and SoftBank Corp. saw their group operating profits hit record highs in fiscal 2019, which ended in March, while rival NTT Docomo Inc. posted …

KDDI and SoftBank enjoyed record operating profits in fiscal 2019 Read More

Mazda Motor Corp. said Thursday its group net profit sank 80.8 percent in fiscal 2019 from a year earlier, to ¥12.13 billion ($113 million), on sales declines in global markets …

Net profit of Mazda’s dropped 80% in fiscal 2019 as pandemic hit Read More

OMAHA, Neb: U.S. meat exports are surging even as the industry is struggling to meet domestic demand because of coronavirus outbreaks at processing plants that have sickened hundreds of workers …

Meat exports surge as industry struggles to meet US demand Read More