Tokyo / Bloomberg Nissan Motor Co. agreed to purchase a 34 percent stake in Mitsubishi Motors Corp., as Japan’s second-largest automaker comes to the aid of its minicar partner rocked by a fuel-economy testing scandal. Mitsubishi Motors will sell about 237.4 billion yen ($2.2 billion) in shares to Nissan, according to a filing Thursday. The purchase is poised ...

  Taipei / AFP Toshiba said on Thursday that it suffered a $4.4 billion full-year net loss as the troubled conglomerate booked a massive write-down of its US nuclear unit, but said the worst was over as it forecast profits for the current business year. A once proud pillar of corporate Japan, Toshiba has been besieged by problems, most notably ...

  Tokyo / AFP Japanese electronics maker Sharp said on Thursday it suffered a $2.3 billion annual loss and released no forecast for the current business year as it assesses the impact of its acquisition by Taiwan’s Hon Hai. The Osaka-based also said an executive of Hon Hai, the world’s biggest electronics supplier, will take over as president. In March, ...