Word: nipponization
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...ARRESTED. Yoshiaki Murakami, 46, outspoken Japanese fund manager and corporate raider; on charges of insider trading; in Tokyo. Known for his confrontational attitude and Western-style shareholder activism, Murakami is accused of making over $26 million by buying shares of media firm Nippon Broadcasting System, allegedly with the knowledge that it was the target of a takeover bid by Internet company Livedoor. In a televised news conference last week, Murakami said that he "didn't mean to break the law," noting that while he had "heard" about the bid, he didn't believe Livedoor would carry it out. If convicted...
Frustrated by Japan's defiance of the IWC--and the nation's insistence on hunting in the Southern Ocean Whale Sanctuary around Antarctica--Greenpeace led a campaign this year to boycott goods sold by companies with a stake in Kyodo Senpaku, including Nippon Suisan Kaisha, better known as Nissui. The $4.3 billion conglomerate owns Gorton's, one of the largest suppliers of frozen seafood in the U.S. Late last month Kyodo Senpaku abruptly announced that Nissui and four other firms that held a stake in the company would donate their shares to "public interest" corporations, including the ICR. The firms...
...most mature economies, but are still regarded as alchemical in Japan. With the growth his acquisitions provided, Livedoor's stock took off, enabling Horie to buy more and bigger companies. Investment banks, always hungry for lucrative advisory work, helped out. Last year, when Livedoor attempted a hostile takeover of Nippon Broadcasting System, the radio arm of Japan's Fuji TV media colossus, Lehman Brothers arranged $750 million in financing to assist...
...route to a taping of my show at CNN, and I was not wearing a ''cozy white warm-up outfit,'' as you said, but my usual on-air uniform: dress shirt, tie, suspenders, respectable dark dress trousers and my favorite baseball jacket, which celebrates Japan's Nippon Ham Fighters team. That didn't seem to bother anyone; President Clinton even asked where he could get a jacket like mine. I own no white warm-up outfits, cozy or otherwise. I always dress nice...
...world's largest cargo line (1985 revenues: $1.1 billion) may fold unless the labor unions that represent 2,790 of its 6,334 employees grant major wage and benefit concessions. Since 1983 the Los Angeles-based carrier has lost $95 million in price wars with competitors like Japan's Nippon Cargo Airlines...