TOKYO, Aug 30 (Reuters) – Tokyo Electric Power
unveiled the first details on Tuesday of how it would compensate
Fukushima residents for lodging and other costs stemming from
their evacuation of areas close to its crippled nuclear plant.

The payments, due to reach victims in October, nearly seven
months after the start of the nuclear crisis, mark just the
first round in a series of state-supported outlays that some
analysts estimate could climb as high as $130 billion.

TOKYO, Aug 26 (Reuters) – Japanese telecoms firm Softbank
said on Friday it would offload almost all its 4
percent stake in Yahoo Inc to repay a loan of about
$1.1 billion owed to Citibank .

Softbank said it would transfer the Yahoo shares to Citibank
N.A. to pay off a $1.135 billion loan it took from the
bank in 2004.

TOKYO (Reuters) – The head of market operations at Japan’s Sumitomo Mitsui Banking Corp said he expects to see another round of heightened volatility in financial markets in the near future, as the U.S. and European governments are unlikely to take effective measures soon enough.

“Generally speaking, (the market turmoil after the collapse of) Lehman was an acute symptom, and fiscal measures were taken promptly,” Seiichiro Takahashi, SMBC’s managing director and head of its treasury unit, said in an interview with Reuters on Tuesday. SMBC is the core bank of SMFG (8316.T: Quote, Profile, Research, Stock Buzz).

TOKYO (Reuters) – Tokyo Electric Power Co (9501.T: Quote, Profile, Research), the operator of Japan’s stricken nuclear plant, reported a $7.4 billion (4.5 billion pound) quarterly loss due to a massive provision to compensate victims of the nuclear disaster, soaring fuel costs and a dive in sales.

The March meltdown at the Fukushima complex in northeast Japan spawned the world’s worst nuclear crisis since Chernobyl and put the very existence of Asia’s largest utility, commonly known as Tepco, in doubt.

TOKYO (Reuters) – Tokyo Electric Power (9501.T: Quote, Profile, Research, Stock Buzz), the operator of Japan’s crippled nuclear plant, reported a $7.4 billion quarterly loss due to a massive provision to compensate victims of the nuclear disaster, soaring fuel costs and a dive in sales.

The March meltdown at the Fukushima complex in northeast Japan spawned the world’s worst nuclear crisis since Chernobyl and put the very existence of Asia’s largest utility, commonly known as Tepco, in doubt.

TOKYO, Aug 9 (Reuters) – Tokyo Electric Power , the
operator of Japan’s crippled nuclear plant, is set to report a
quarterly net loss exceeding $6.4 billion on provisions to
compensate victims of the nuclear disaster and soaring fuel
costs, a newspaper reported.

The meltdown at the Fukushima complex in northeast Japan
spawned the world’s worst nuclear crisis since Chernobyl 25
years ago and put the very existence of Asia’s largest utility,
commonly known as Tepco, in doubt.

TOKYO (Reuters) – Hitachi Ltd (6501.T: Quote, Profile, Research) and Mitsubishi Heavy Industries (7011.T: Quote, Profile, Research) are ready to walk away from merger talks, sources with knowledge of the matter said on Friday, dashing hopes for a groundbreaking marriage of two of Japan’s oldest conglomerates.

The suspension of talks comes after news first surfaced on Thursday that the two companies, which can trace their histories back more than 100 years, were discussing a limited combination of some businesses such as next-generation power operations and smart grids, with an eye towards a complete merger later on.

TOKYO (Reuters) – Hitachi Ltd (6501.T: Quote, Profile, Research, Stock Buzz) and Mitsubishi Heavy Industries (7011.T: Quote, Profile, Research, Stock Buzz) are ready to walk away from merger talks, sources with knowledge of the matter said on Friday, dashing hopes for a groundbreaking marriage of two of Japan’s oldest conglomerates.

The suspension of talks comes after news first surfaced on Thursday that the two companies, which can trace their histories back more than 100 years, were discussing a limited combination of some businesses such as next-generation power operations and smart grids, with an eye toward a complete merger later on.

TOKYO, Aug 5 (Reuters) – Hitachi Ltd and Mitsubishi
Heavy Industries will likely suspend talks to combine
some infrastructure-related businesses, and chances of a full
merger appear slim, sources with knowledge of the matter said.

The suspension of talks comes after news first surfaced on
Thursday that the two firms were discussing the combination of
some businesses such as next-generation power operations and
smart grids, with an eye towards a possible merger further down
the road.

TOKYO, Aug 4 (Reuters) – Hitachi Ltd and Mitsubishi
Heavy Industries Ltd have begun talks to merge, three
sources with knowledge of the matter told Reuters, a move that
would bring much needed consolidation to corporate Japan.

Seen largely as a last resort of failing firms, Japanese
companies until recently have largely eschewed strategic
mergers. A combination of two of Japan’s oldest, most
established conglomerates would mark a deeper embrace of mergers
as a tool for corporations to squeeze costs, combat a surging
yen and gain competitive scale.