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REFILE-Toshiba CEO apologizes to Japan PM office for accounting scandal

TOKYO, Aug 5- Toshiba Corp's chief executive apologized to Prime Minister Shinzo Abe's office on Wednesday after revelations of wide-spread accounting irregularities at the industrial conglomerate embarrassed government efforts to improve the country's corporate governance. An independent inquiry last month found Toshiba had inflated its profits...
Source: Reuters
Nikkei rebounds on some positive earnings but Fast Retailing sinks

TOKYO, Aug 5- Japan's Nikkei share average posted modest gains on Wednesday as stronger earnings buoyed construction firms and real estate developers, but Toyota Motor and other cyclical shares buckled under concerns about slower global growth. Construction firms were helped by earnings from Kajima Corp, which rose more than 6 percent to a nine-year high...
Source: Reuters
Toshiba CEO apologises to Japan PM office for accounting scandal

TOKYO, Aug 5- Toshiba Corp's chief executive apologised to Prime Minister Shinzo Abe's office on Wednesday after revelations of wide-spread accounting irregularities at the industrial conglomerate embarrassed government efforts to improve the country's corporate governance. An independent inquiry last month found Toshiba had inflated its profits...
Source: Reuters
Nestle's Maggi noodles deemed safe by one Indian state in first ruling since recall

MUMBAI, Aug 5- Nestle SA's Maggi noodles comply with food safety standards, authorities in India's Goa state said, in the first such ruling since the popular instant snack was pulled from stores after another state lab reported high lead content. Nestle was drawn into its worst crisis in India when food safety inspectors in Uttar Pradesh found high lead content...
Source: Reuters
UPDATE 2-ANA gains creditor backing to lead bankrupt Skymark's turnaround plan

The victory is set to give Japan's largest carrier access to Skymark's 36 landing and take-off slots at Tokyo's popular Haneda airport, helping it cement its growing domestic dominance over Japan Airlines. ANA has a track record of operating airlines in Japan, has already discussed business plans with Skymark and other stakeholders and is close to Prime...
Source: Reuters | By: Maki Shiraki and Tim Kelly
China to put security teams in major Internet firms, websites

SHANGHAI, Aug 5- China is planning to set up "network security offices" in major Internet companies and for websites so authorities can move more quickly against illegal online behaviour, the Ministry of Public Security said in a statement. Authorities have been tightening control over domestic Internet in recent years and have at times admonished social...
Source: Reuters
Braking China puts BMW profit forecast at risk

BMW, the world's biggest luxury carmaker, warned that its FY financial forecasts may be at risk from any further deterioration in the Chinese market.
Source: Reuters
Kerry urges peaceful resolutions to South China Sea disputes

Secretary of State John Kerry on Wednesday urged China to end provocative land reclamation projects in the South China Sea and work out effective resolutions to territorial disputes with its smaller neighbors that have ratcheted up tensions in some of the world's busiest commercial sea lanes. Chinese land reclamation in contested waters has irked...
Source: The Associated Press | By: By MATTHEW LEE, AP Diplomatic Writer
China, HK stocks fall, investors still shaky despite support measures

HONG KONG, Aug 5- China stocks fell on Wednesday, shrugging off a vow by the central bank to stabilise market expectations and a private survey which showed activity in the services sector activity accelerated last month. China CSI300 stock index futures for August fell 2.2 percent to 3,752.8, or 136.23 points below the current value of the underlying index,...
Source: Reuters
Dell sees light at end of PC tunnel

The PC's fall from popularity helped drive a hard-hit Dell to take itself private, but the computer maker now sees some signs its business there is turning around.
Source: CNBC.com | By: Leslie Shaffer