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Ajinomoto and PepsiCo. are among bidders seeking to buy a stake in African dairy and beverage company Promasidor in a deal that would give them access to its distribution network across the continent, sources said. A deal could value Promasidor at roughly $1 billion, according to the sources. The interest ...

The Bank of Japan is signaling that Prime Minister Shinzo Abe’s government needs to do more to help achieve 2 percent inflation and revive the economy, former BOJ Policy Board member Sayuri Shirai said Wednesday. Government stimulus, along with highly accommodative financial conditions, would support growth in the economy at ...

The industry ministry is planning to demand that new power industry entrants shoulder a portion of the compensation payments stemming from the crisis at the Fukushima No. 1 nuclear plant and to do the same for any future nuclear accidents, sources said Wednesday. The Ministry of Economy, Trade and Industry ...

Capsule hotels have long offered tiny spaces to sleep at rock-bottom prices, but they are now looking to attract a wider range of customer than the typical male office worker who has missed his train after a night’s drinking. A new breed of lodging featuring the signature stack of sleeping ...

A YouTube video of a scene from inside a high-rise in central Tokyo captures the chilling moment a building swaying from the massive earthquake of March 11, 2011. The 51 seconds of footage shows office workers cowering on the 48th floor of the Shinjuku Nomura Building. Makoto Ikuta, general manager of ...

A fatal explosion has shut down a pipeline supplying gasoline to millions of people across the Southeast — the second accident and shutdown in two months — raising the specter of another round of gas shortages and price increases. It happened when a dirt-moving track hoe struck the pipeline, ignited ...

One week before Election Day, Starbucks has unveiled a new cup in the U.S. that it says is meant to be “a symbol of unity.” The green cup features a mosaic of more than 100 people, including a coffee farmer and barista. Starbucks CEO Howard Schultz calls it “a divisive ...

Microsoft Corp. said on Tuesday that a hacking group previously linked to the Russian government and U.S. political hacks is behind recent cyberattacks that exploit a newly discovered flaw in its Windows operating system. Microsoft said that a patch to defend Windows users against this sort of attack will be ...

USA Today publisher Gannett announced Tuesday it was ending its bid for Los Angeles Times owner Tronc, a deal that would have created a powerhouse in the newspaper sector. Months after its offer for the newspaper rival was announced in April, Gannett said in a brief statement it “has determined ...

The Inspector General of Police (IGP), Ibrahim Idris, yesterday, decorated the newly promoted Assistant Inspector Generals of Police, and said promotion in the Nigeria Police Force is based on seniority henceforth. IGP Ibrahim Idris explained that the Force management decided to adopt seniority as criteria for promotion adding that it ...