Page 30 - David Dolan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

TOKYO (Reuters) -Japan's Rakuten Group will fold its payments and points businesses into its credit card unit, it said on Thursday, a move that could set the struggling e-commerce company up to eventually list the card business. Despite strong revenue from its core e-commerce offerings, Rakuten has lost money for about 12 straight quarters, hit by the costly build-out of its mobile phone business, which has failed to gain traction in Japan. It has turned to listing some of its units - including its popular internet banking business, Rakuten Bank - to generate cash.

Japan's Honda Motor on Wednesday posted a 78% rise in first-quarter operating profit to 394.4 billion yen , beating analysts' estimates....

Japan's Honda Motor reported a 78% rise in quarterly profit on Wednesday, boosted by both increased sales, especially in the North American market, and a weaker yen. Japan's...

Toyota nearly doubled its operating profit in the first quarter, it said on Tuesday, as the Japanese automaker was lifted by both increased sales and production volumes as well as the tailwind from...

Mitsubishi UFJ Financial Group posted a 391% jump in first-quarter profit on Tuesday. Japan's largest lender by assets said net income for the April to June period reached 558.4 billion...