Honda sets charge for unit
Article Abstract:
Honda Motor Co. will take a one-time charge on its troubled European operation because of unfavorable currency swings. The company is also forecasting an operating loss of 50 billion yen ($407.6 million) on its European operation for the year ending March 31, versus a loss of 14 billion yen in 2000. A special loss of 81.56 billion yen will be posted this year because of the losses in Europe.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
Toyota will buy back stock
Article Abstract:
Japanese auto maker Toyota Motor Corp. will purchase up to $2.1 billion of its own stock by late March in order to avoid share sales of its stock by banks and insurers. Approximately 75 million shares will be bought on the open market and paid for by company profits.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
Finally, a profit push
Article Abstract:
The Japanese economy is beginning to see a turnaround as electronics and auto companies are showing better-than-expected earnings. Several companies report their profits for the six months ending September 30, 2000.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Economists urge rate cut. Investment plan faces snags. China recovery rests on old foundation: state spending
- Abstracts: European Telecoms take another hit. Telekom Austria posts loss, but results beat forecasts
- Abstracts: C&W to sell Japan stakes to Vodafone. Taylor Woodrow will buy Bryant for 871.3 million euros. Bryant and Beazer Will Merge to Form One Home Builder
- Abstracts: National Express acquires Durham for 166.1 million euros. Yellow Corp. agrees to buy competitor Roadway. FedEx agrees to purchase rival in $1.2 billion deal
- Abstracts: Bordeaux produces a very rare vintage: a high-tech wizard. Schlumberger buys smart-card unit of Groupe Bull. Ownership change at Bull unit is set for first quarter