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Toyota Motor Corp., the world’s biggest maker of hybrid vehicles, boosted first-quarter sales of dual-powered autos as a jump in overseas demand outweighed a drop in Japan, where government subsidies expired last year.
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Fast Retailing Co., Asia’s largest apparel retailer, rose to a record in Tokyo trading after saying warmer weather and an extra Sunday in March fueled the biggest monthly sales jump in more than three years.
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Nippon Paint Co. dropped by the most in two years in Tokyo trading after saying a Wuthelam Group unit withdrew a takeover bid valued at $751 million.
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Starbucks Corp. is maintaining a coffee sourcing memorandum of understanding it has with India’s Tata Coffee Ltd. after India’s government formally removed the limit on foreign investment in single-brand retail.
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Universal Entertainment Corp. fell to the lowest in more than two years in Tokyo trading after the Philippines said it was probing graft allegations and may cancel Chairman Kazuo Okada’s casino license if bribery was proven.
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Sharp Corp. advanced to its highest in six months in Tokyo trading after the Nikkei newspaper said the company may sell a TV factory to Lenovo Group Ltd. and form a China sales venture with the PC maker.
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Softbank Corp. President Masayoshi Son is betting $20 billion he can add value by buying control of Sprint Nextel Corp. in the biggest Japanese purchase of a foreign company. There’s 26 trillion yen ($330 billion) that says he can’t.
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Airbus SAS lost a Chinese aircraft order to Boeing Co. after the U.S. government used its influence with the Chinese government, the Financial Times reported, citing John Leahy , Airbus chief operating officer for customers.
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Bright Food Group Co., Shanghai’s biggest food and dairy producer, is considering making an offer for Australia’s Treasury Wine Estates Ltd., according to two people familiar with the matter.
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Bright Food Group Co. Chairman Wang Zongnan aims to raise the share of overseas sales at Shanghai’s biggest food and dairy producer sixfold. After failing to buy yogurt and sugar companies, Wang may now turn to wine.
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