Bridgestone to shut unit due to bribes
Article Abstract:
Japan's Bridgestone Corp. will withdraw from the $140 mil marine hose market after an investigation determined that overseas subsidiaries had paid up to $1.4 mil in fees to middlemen in Southeast Asia and Latin America to sell the hoses, knowing that the fees might be used as bribes to officials.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
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Fujitsu says unit booked bogus sales
Article Abstract:
Software consulting firm Fujitsu Kansai Systems Ltd., a subsidiary of Fujitsu Ltd., is being investigated for posting fictitious sales. The news caused Fujitsu shares to drop by $6.77; the impact on investor confidence in Japan's accounting standards is discussed.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Toshiba to double NAND output
Article Abstract:
Toshiba Corp. will increase monthly production of NAND flash-memory chips with 300-millimeter wafers from 100,000 in March 2007 to 210,000 by June 2008. The firm owned 30.7% of the worldwide market for flash memory in the first quarter of 2007.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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