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Nov 16, 2012

Exclusive: Philippine payments give U.S. casino regulators new focus in Wynn-Okada feud

TOKYO (Reuters) – U.S. gaming regulators are investigating millions of dollars paid by affiliates of Japanese billionaire Kazuo Okada’s Universal Entertainment Corp to a former consultant for the Philippine gaming authority around the time the company was lobbying to win concessions for a $2 billion Manila casino.

A Universal subsidiary made a $5 million payment in May 2010 to Rodolfo Soriano, a close associate of the former head of the Philippine gaming regulator, according to a Reuters examination of bank records, corporate filings, court documents and records prepared by Universal staff. The payment was made via a shell company in Hong Kong and was part of $40 million in transfers made by Universal’s U.S. affiliate Aruze USA that are now a focus for investigators.

Nov 16, 2012

Philippine payments give U.S. casino regulators new focus in Wynn-Okada feud

TOKYO, Nov 16 (Reuters) – U.S. gaming regulators are
investigating millions of dollars paid by affiliates of Japanese
billionaire Kazuo Okada’s Universal Entertainment Corp
to a former consultant for the Philippine gaming authority
around the time the company was lobbying to win concessions for
a $2 billion Manila casino.

A Universal subsidiary made a $5 million payment in May 2010
to Rodolfo Soriano, a close associate of the former head of the
Philippine gaming regulator, according to a Reuters examination
of bank records, corporate filings, court documents and records
prepared by Universal staff. The payment was made via a shell
company in Hong Kong and was part of $40 million in transfers
made by Universal’s U.S. affiliate Aruze USA that are now a
focus for investigators.

Sep 25, 2012

Google says Maps not waiting in wings for iPhone 5

TOKYO (Reuters) – Google Inc has made no move to provide Google Maps for the iPhone 5 after Apple Inc dropped the application in favor of a home-grown but controversial alternative, Google’s Executive Chairman Eric Schmidt said.

Apple launched its own mapping service earlier this month when it began providing the highly anticipated update to its mobile software platform iOS 6 and started selling the iPhone 5.

Jun 14, 2012

Japan’s nuclear ghost town cyclist aims to be evacuees ‘power’

TOKYO (Reuters) – Even if Japanese track cyclist Kazunari Watanabe’s longshot Olympic dream comes true in London, there will be no happy homecoming. The town no longer exists.

Watanabe’s home town of Futaba sits next to the Fukushima Daiichi nuclear plant, which was hit by the March 2011 earthquake and massive tsunami that followed, sparking explosions that scattered radioactive debris and forced the town to be evacuated.

Jun 14, 2012

Olympics-Japan’s nuclear ghost town cyclist aims to be evacuees ‘power’

TOKYO, June 14 (Reuters) – Even if Japanese track cyclist
Kazunari Watanabe’s longshot Olympic dream comes true in London,
there will be no happy homecoming. The town no longer exists.

Watanabe’s home town of Futaba sits next to the Fukushima
Daiichi nuclear plant, which was hit by the March 2011
earthquake and massive tsunami that followed, sparking
explosions that scattered radioactive debris and forced the town
to be evacuated.

May 26, 2012

Japan says Fukushima spent-fuel risk contained

FUKUSHIMA, Japan (Reuters) – Japanese officials said on Saturday the unprecedented effort to remove spent fuel rods from one of the crippled Fukushima nuclear reactors was on track despite lingering concerns about the structure’s vulnerability to another earthquake.

“I don’t think the situation is unstable,” said Goshi Hosono, Japan’s minister in charge of the response to the nuclear crisis. He was speaking to reporters after his first tour of the twisted and partly destroyed building that houses Fukushima’s No. 4 reactor.

May 24, 2012

Fukushima radiation higher than first estimated

TOKYO (Reuters) – The radiation released in the first days of the Fukushima nuclear disaster was almost 2-1/2 times the amount first estimated by Japanese safety regulators, the operator of the crippled plant said in a report released on Thursday.

Tokyo Electric Power said its own analysis conducted over the past year put the amount of radiation released in the first three weeks of the accident at about one-sixth the radiation released during the 1986 Chernobyl disaster.

Dec 20, 2011

Honda sees U.S. sales rebound of 23 percent

DETROIT (Reuters) – Honda Motor Co (7267.T: Quote, Profile, Research, Stock Buzz) expects U.S. sales to jump by 23 percent in 2012 as dealer inventories return to normal levels and the Japanese automaker makes up for lost ground against rivals, executives said.

“It looks like a high number but we had a really low year,” Tetsuo Iwamura, president and chief executive of Honda’s U.S. operations said on Tuesday.

Dec 20, 2011

Honda sees U.S. sales rebound of 23 pct in 2012

DETROIT , Dec 20 (Reuters) – Honda Motor Co
(7267.T: Quote, Profile, Research) expects U.S. sales to jump by 23 percent in 2012
as dealer inventories return to normal levels and the Japanese
automaker makes up for lost ground against rivals, executives
said.

“It looks like a high number but we had a really low year,”
Tetsuo Iwamura, president and chief executive of Honda’s U.S.
operations said on Tuesday.

Dec 7, 2011

GM near possible Volt battery fix-sources

DETROIT, Dec 6 (Reuters) – General Motors Co is
closing in on a package of proposed fixes for the Chevrolet
Volt battery pack that engineers believe would eliminate the
risk of a fire being triggered days after a crash, two people
with knowledge of the situation said on Tuesday.

The proposed repairs under consideration would involve
laminating circuitry in the Volt’s 400-pound battery pack,
reinforcing the case surrounding the lithium-ion battery and
better protecting the coolant system from leaks in a severe
crash, the sources said.

    • About Kevin

      "Kevin Krolicki is Reuters bureau chief in Detroit where he has been based since 2006. He has also worked as an editor and reporter in Los Angeles and Tokyo."
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