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Honda recalling Accord, Civics to fix airbags

Honda Motor Co said it is recalling more than 300,000 units of its 2001 U.S.-built Accord and Civic cars in the United States and Canada to fix a defective airbag that deployed in a fatal accident.

Japan carmakers in black, PSA, Daimler turn red

Japanese car manufacturers unexpectedly posted profits on Wednesday and Mercedes-maker Daimler forecast improving performance this year but clear signs of sustained recovery for the world's battered auto sector remained elusive.

U.S. data, global steel and car outlooks cloud recovery

New orders for U.S. durable goods posted their biggest drop in five months in June while major global steel and auto companies said on Wednesday any return to growth would be gradual, casting doubt over some economists' forecasts for a recovery starting later this year.

Honda, Nissan eke out profit but cautious on demand

Honda Motor Co and Nissan Motor Co surprised markets by eking out small profits last quarter helped by cost cuts, but a sustained recovery looks some way off with demand relying largely on government stimulus.

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Stock futures signal losses; eyes on Yahoo

U.S. stock index futures pointed to a lower open on Wall Street on Wednesday, as the market braced for more corporate earnings and after a late afternoon sell-off in Chinese stocks rattled investors.

Toshiba eyes chip profit in Q2, cautious on H2

Toshiba Corp , Japan's biggest chipmaker, expects its chip operations to turn profitable in July-September on cost cuts, but warned of a possible year-end dip.

Honda posts surprise profit, raises forecast

Honda Motor Co , Japan's No.2 automaker, posted an 88 percent fall in operating profit as demand slumped, but beat expectations for a loss and lifted its forecast for the year on the back of an improved outlook for its global car sales.

Toshiba posts smaller loss than expected

Japan's Toshiba Corp reported a smaller-than-expected quarterly operating loss on Wednesday thanks to solid chip prices, and stuck to its forecast for a return to profit this year on cost cuts.

Asian shares slide, Shanghai leads

Asian shares tumbled from multi-month peaks on Wednesday, in a sell-off led by the Shanghai market, as investors booked in profits ahead of more company earnings.

Oil falls below $67 on economic woes; U.S. crude stocks up

Oil slid below $67 a barrel on Wednesday, extending losses from the more than $1 retreat the day before, on renewed concerns over the U.S. economy after a drop in consumer confidence and bearish API crude data.

Asian shares pause; China's CSCEC jumps

Asian shares hovered near their 10-month peaks on Wednesday as investors wait for more company earnings, but China's CSCEC made a blockbuster listing in Shanghai.

Japan approves Suning's bid for Laox

The Japanese government has approved Suning's plan to purchase a stake in Japanese home appliance retailer Laox Co., China's leading retailer said on Tuesday.

China protests exiled Uyghur leader's visit to Japan

Exiled Uyghur leader Rebiya Kadeer has arrived in Japan despite China's displeasure, and China in response strongly condemned Japan for allowing the visit as she was accused of instigating the deadly ethnic riots in Xinjiang.

Windows Mobile App Store Submission opens

Microsoft Corp has started accepting submission of mobile phone software applications from registered developers.

Man bites dog? Chinese sue U.S. firms for patent infringement

A Chinese manufacturer filed a patent infringement suit against U.S. retailer giants, marking a rare case that a Chinese firm seeks to enforce patent rights in a U.S. court.

Hitachi launches $2.9 billion bid for units, falls to loss

Japan's Hitachi Ltd will launch a $2.9 billion bid for five of its listed units to help it return to growth, even as a tumble to a quarterly net loss further eats into its capital and intensifies pressure to raise funds.

Toyota to launch hybrid compact in Japan: report

Japan's Toyota Motor Corp plans to launch a hybrid compact for around 1.5 million yen ($15,760) in Japan in late 2011, broadening its hybrid car line-up, the Asahi newspaper reported on Tuesday.

India to unveil 20GW solar target under climate plan

India will unveil its first solar power target as soon as September, pledging to boost output from near zero to 20 gigawatts (GW) by 2020 as it firms up its national plan to fight global warming, draft documents show.

Asia stocks at 10-month high

Asian stocks hit a 10-month high for a seventh day on Tuesday as investors were lifted by improving corporate earnings, though the non-stop pace of the rally caused some to wonder if it was overdone.

Asia stocks hit 10-month high for 7th day

Asian stocks hit a 10-month high for a seventh day on Tuesday as investors were lifted by improving corporate earnings, though the non-stop pace of the rally caused some to wonder if it was overdone.

Canon profit tumbles, nudges forecast higher

Japan's Canon Inc posted a 72 percent fall in quarterly profit, hit by sluggish demand for office copiers, but nudged its full-year forecast higher on a firmer than expected yen and more aggressive cost cuts.

NY Fed names Nomura as U.S. primary dealer

The New York Federal Reserve on Monday named Japan's Nomura Securities International as a U.S. primary dealer of Treasury securities, effective immediately.

Japan opposition to speak own mind to U.S.

Japan's opposition Democratic Party would speak its mind to close ally the United States if it wins an election next month, but would not seek to negate prior agreements across the board, the party's No.2 executive said.

Sumitomo buys stake in Texas wind farm - Nikkei

Trading company Sumitomo Corp entered the U.S. wind power market with its acquisition of a 42.5 percent interest in a Texas wind farm, the Nikkei business daily reported.

Qualcomm receives order from Japanese regulator

Qualcomm Inc said on Monday that it had received a draft order apparently related to licensing terms from the Japan Fair Trade Commission (JFTC).

EnerDel, Think Globlal to supply tech to convert Japan Post fleet to EV's

U.S. based battery maker EnerDel and electric car maker Think Global said today Japan Postal Service is testing an electric drivetrain developed by the companies which can convert gasoline-powered delivery trucks to electric vehicles.