TOKYO, Sep. 2, 2009 (Kyodo News International) -- ----------
New car sales in U.S. rise 1% in August
NEW YORK - New car sales in the United States grew in August for the first time in one year and 10 months, aided by a government rebate program aimed at promoting fuel-efficient vehicles, a U.S. research firm said in a monthly report Tuesday.
Three of the six major U.S. and Japanese carmakers -- Ford Motor Co. (NYSE:F PRS) (NYSE:F PRA) (NYSE:F) , Toyota Motor Corp. (NYSE:TM) and Honda Motor Co. (NYSE:HMC) -- scored year-to-year increases, Autodata Corp. said.
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Transport ministry annuls firm's license to operate ''km'' taxis
TOKYO - Kokusai Motorcars Co.'s license to operate its ''km'' taxis has been nullified, the transport ministry notified the Tokyo-based firm Wednesday, citing undue long working hours for drivers in violation of the Road Transportation Law.
It is the first time a major taxi company in Japan has had its business license revoked, according to the Land, Infrastructure, Transport and Tourism Ministry.
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Sanwa Holdings agrees to buy out U.S. door maker Wayne Dalton
TOKYO - Sanwa Holdings Corp., the parent (OOTC:KIDSQ) of Sanwa Shutter Corp., said Wednesday it has agreed to start proceedings to buy out the Ohio-based home garage door manufacturer Wayne Dalton Corp.
The Sanwa Holdings board approved a motion to start the proceedings at a meeting the same day, according to the Tokyo-based company, which is also the parent of Texas-based home and automobile door maker Overhead Door Corp.
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Dollar trades in upper 92 yen zone in early Tokyo deals
TOKYO - The U.S. dollar traded in the upper 92 yen zone early Wednesday in Tokyo, down from its levels overnight in New York.
At 9 a.m., the dollar fetched 92.71-72 yen, down from 92.86-96 yen in New York and 93.25-28 yen in Tokyo at 5 p.m. Tuesday.
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Tokyo stocks drop over 2% on Wall St. losses, stronger yen
TOKYO - Tokyo stocks tumbled over 2 percent Wednesday morning after concern about the U.S. financial sector's health sent Wall Street plummeting overnight and a stronger yen weighed on Japanese exporters.
The 225-issue Nikkei Stock Average lost 276.88 points, or 2.63 percent, from Tuesday to 10,253.18. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 21.64 points, or 2.23 percent, to 947.13.
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Tokyo stocks tumble on Wall St. losses, stronger yen
TOKYO - Tokyo stocks opened over 2 percent lower Wednesday after concern about the U.S. financial sector's health sent Wall Street plummeting overnight and a stronger yen weighed on Japanese exporters.
In the first 15 minutes of trading, the 225-issue Nikkei Stock Average lost 261.07 points, or 2.48 percent, from Tuesday to 10,268.99. The broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 21.72 points, or 2.24 percent, to 947.05. The Second Section lost ground.
