mitsubishi heavy industries and hitachi have launched a joint venture called mitsubishi hitachi power systems. the new firm's president says mitsubishi and hitachi must work as a single team to become a world leader in the thermal power field. the tie-up combines mitsubishi's strength in asia with hitachi's marketing power in europe and africa. rising production of affordable shale gas is helping to push up global demand for thermal power. general electric of the united states and germany's siemens are currently the biggest players in the field of thermal power. that is going to do it for biz tonight. i'll leave you with the markets. >>> every morning, investors turn their attention to asia. the tokyo market leads the way. and markets around the world follow. >> from the decisions that could change the course of an economy. >> to the latest business trends. >> up-to-the minute market reports. >> and analysis by specialists from around the world. >> get all the latest business news and insight every day, here on "newsline." >>> 17-year-old japanese ski jumper sara takanashi is in top f

mitsubishi motors says its sales rose 18% to about $15 billion in the april to december period last year compared to the previous year. mitsubishi executives say operating profits stood at around $950 million, and the profit more than doubled, setting a record, in fact, for the nine-month span. the yen's decline helped sharply improve the company's overseas business. brisk domestic sales of many vehicles also pushed up earnings. but the officials revised downward their projected annual sales largely due to political turmoil in thailand that is a key market for mitsubishi. another automaker, mazda, expects to post a record profit for this full business year ending in march. the executives say group sales for the april to december period rose 26% to around $19 billion compared to a year ago. its operating profit hit the highest for the period, topping $1.2 billion. the executives say the annual operating profit is likely to raise from an earlier estimate. that's due to brisk new car sales in japan, as well as europe, and an improvement in export profits. if the projection is realized, mazd

and involvement is the mitsubishi regional jet or m r j with government backing mitsubishi heavy industries has been working on a prototype of the aircraft the firm is now preparing it for mass production assembly of the wings and fuselage will be done at plants in the nietzsche prefecture the company plans to build new production lines and a plan to me dupree picture in a shipyard in kovan for the wings and tails system will also construct a new plant next to the clinic airport for the aircraft's final assembly. the company is book three hundred to twenty five orders for the jets to first m r j will be ready from people two thousand and seventeen the mayor of hardcore that this city in hokkaido says he will file a lawsuit to stop the planned construction of the form of plants on the northern tip of the issue look how good that there will be the first to local governments to become a plaintiff seeking an injunction against a nuclear plant. he could go says after obtaining the city assembly's approval he will file a suit with a token district court next month he said the city will demand the

officials from both mitsubishi materials and nippon coke and engineering have declined to comment. they say they don't have enough information. japan's chief cabinet secretary yoshihide suga says he will not comment on the latest lawsuit but he reiterated government's stance regarding wartime compensation. >> translator: i believe personal claims relating to that period have already been dealt with in the joint statement issued by japan and china in 1972. >> similar lawsuits have been filed with other courts. but none of the complaints have been accepted. it's not yet known whether the present lawsuit will proceed. courts in china are said to be influenced by the ruling communist party. >>> the chinese government is planning to designate a national day of remembering for those killed in nanjing by the japanese military in 1937, the so-called nanjing incident. china is apparently trying to put pressure on the japanese government by focusing on historical issues. china's state-run news agency xinhua reported that december 13th has been proposed as the commemoration day. it says the s

we believe in organizing and uaw's organized mitsubishi, ford and chrysler. a good way to get good wages and fair working conditions for everyday people. and i still haven't heard from rick about the minimum wage. how about it? >> i don't think it's government's business to be setting the minimum wage out there. the cbo said if you want to get rid of 500,000 jobs between now and 2016 raise the minimum wage. here's the issue, pat, you got to believe this, at a time when jobs are at a premium in this country, the last thing you want to be doing is putting policies into place that will kill jobs and not only -- >> we are purchasing power in the hand of consumers. they'll spend the money. >> and to tell people that has a job today, i'm sorry, but to help these folks over here, you're not going to have a job. that's the wrong message. >> every dollar you raise in the minimum wage creates $2,800 in purchasing power. 70% of our economy are consumers buying things. let's put more money in the pocket. >> we know that forcing small businessmen and women to raise the mi

with the normalization of bilateral diplomatic ties in nineteen seventy two officials from both mitsubishi materials and the old coke and engineering have declined to comment they say they don't have enough information. japan's chief cabinet secretary issued a severe says he'll not comment on the latest loss but he reiterated the government's stance regarding wartime compensation. you can see i believe the snow claims relating to the syrians have already been dealt with in the joint statement issued by japan and china. in nineteen seventy two. similar lawsuits have been filed with other ports but none of the complaints had been accepted. it's not yet known whether the present laws that will proceed ports in china said to be influenced by the communist party. chinese authorities say they formally arrested a prominent too weak or scholar last week and are questioning him on suspicion of promoting separatism feel i'm told he had already been detained at his home last month. the beijing based academic is reportedly being held at a police station in the northwest region of the country. sources

mitsubishi has a new product line. but for a governor to interfere with union election is just plain wrong. they don't think you were doing the right thing. >> the state is interesting. the other thing is volkswagon said to us what i costs to build a car and number two we want to attract a network closer. neither of those will be easier. suppliers everywhere said if it comes flat out we'll be a lot less interested. >> our state, i have ford and i have chrysler and i have mitsubishi and all of them and their suppliers want to have the workers organized. they like to work with people who get a fair wage and decent benefits. i think this is a value difference again, whether it's the minimum wage or the right to organize an union. these are fundamental american issues. >> so fundamental we let the workers vote and they voted -- >> if you interfere with the election. >> the president tried to interfere as well. >> woodruff: we know there's a lot of dispute in the country about the new healthcare law. when it comes to expand

mitsubishi motors reportedly is planning a new management structure that could include the departure of its long-time president...sources tell reuters--- the automaker will appoint a managing director to replace o-samu ma-suko. masuko has led the company for 9 years. the report says he could become chairman, focusing on building relationships with other car companies. a focus on new, more "affordable" luxury cars could have younger buyers heading to showrooms. a growing segment of the auto sector is high end cars, with a more affordable price tag. jack nerad of kelley blue book says typically... luxury cars attract buyers 50 and older, but that is changing. the age range is down. and for our group of luxury cars, luxury cars under 40,000 dollars, a lot of people who either buy these or lease these are much younger than that. automakers have looked for ways to lure in younger consumers, as fewer millenials buy cars. a biofuel stock is capturing attention on wall street. shares of solazyme raced up 32% friday on word the biofuel company has started operations at 2 plants in iowa and pr

labor unions at two other major banks, tokyo mitsubishi ufj and mizuho are considering making similar demands. senior bank managers have been cautious about pay raises until now, because many financial institutions receive government bailouts when they fell on hard times back in the 1990s. >>> many people in japan are worried about the possible impact of a sales tax hike in april. the chairman of the association of car dealers is one of them. he sees sales falling about 10% this year from 2013. >> translator: we expect auto sales as a whole to show a sharp drop this year. >> he said a drop seems inevitable despite various measures the government has taken. they include a cut in the automobile acquisition tax. he called on auto dealers to find out what consumers want, and try to increase sales. he noted that sales of various types of cars have been improving, not only fuel efficient models, but others like sport cars among them. >>> that's all for now in business. i'll leave you with the latest market figures. >>> a major german paper reported on sunday that the u.s. national security

. >>> rivals in japan and mitsubishi are also planning to beef up their capacities for the production material. >>> four major japanese beer companies have posted strong sales for 2013. their overseas earnings benefited from a weaker yen, especially in southeast asia. top managers of santori holdings said their firm sales exceeded 2 trillion yen for the first time last year. that's about $20 billion. asahi group holdings reported the biggest sales ever while two others showed gained from 2012. soft drink sales were brisk at all of the four companies due to the summer heat wave in japan last year. the domestic breweries have been expanding their business overseas in recent years. their home market has been shrinking, as a result of the country's low birth rate and aging population. >>> that's all for now in business. i'll leave you with the market figures. >>> regs cue workers in indonesia say they believe they have located four of seven missing japanese scuba divers alive. crews are now attempting to bring them back to safety. five tourists and two locally based instructors went missi

they're asking for about $560,000 from mitsubishi heavy industries. the former workers say they were forced to engage in harsh labor when their nation was under japanese colonial rule. the lawsuit is the seventh filed since may 2012 when south korea's supreme court recognized the rights of individuals to seek compensation. in jewel life of last year, plaintiff's claims were upheld by local courts in two of the cases. the two accused japanese firms appealed and are waiting a decision by the supreme court. analysts say the claims are very likely to be upheld. the seoul ghost has yet to state its positions on the rulings. it hasn't publicly come out that japan's agreement does not allow such compensation. a similar lawsuit against japanese companies was filed on wednesday in china. >>> some south koreans are having trouble finding where they're going. they're adapting to a new system of naming streets and numbering buildings and they're having a tough time getting from here to there. nhk world's anna jung has the story. >> reporter: this street has a new

the southern city of one jew they're asking for about five hundred and sixty thousand dollars for mitsubishi heavy industries the former workers say they were forced to engage in a large labor when their nation was under japanese colonial rule. the lawsuit is the seventh to be filed since may of two thousand and twelve. south korea's supreme court recognize the rights of individuals to demand compensation for forced more time later. in july of last year plaintiffs' claims were upheld by local courts into the cases. the two accused japanese firms appeals and are awaiting a decision by the supreme court. analysts say the claims are very likely to be upheld the seoul government has yet to state its position on the rulings. it has not publicly come out aggies japan's position that in nineteen sixty five agreement normalizing bilateral ties does not allow such compensation. a similar lawsuit against japanese companies was filed on wednesday in china. anti corruption investigators question time prime ministry election a once lawyer on thursday if they find ying was guilty. she faces impeachment by

and before, he had mitsubishi and deutsche bank to outperform and buy. we see what happens tomorrow. back to you. >> david, thank you. named its new ceo and is inviting bill gates back to campus. its firstll announce quarterly earnings later on today. hans nichols joins us now from berlin with more. will nadella make? the first question is easy to answer. it is $18 million in total compensation for the first year that is quite a bit of a boost when you compare it to steve balmer. here is what we know about mr. gates. he is going to be coming back to be -- founder and technology advisor here at he will be spending a third of his time on campus. before, they said he spent about 1/5 of his time at microsoft. what ishis role of microsoft's future? what is the news coming forward? adella has hinted he will focus. that could mean cloud computing and may be their search division, being. a lot of challenges there. he will have oversight. he will have some of that knows his way around the tech story with bill gates on campus. you isher tech focus for that numbers

mitsubishi & and itochu updated their earnings outlook for the full year, ending in march. itochu expected to increase 11% to $3 billion. and both companies announced plans to hike their dividends. in the meantime, the fourth largest semitomo posted a net profit, down 4% on the year. resource is like coal have put pressure on its bottom line. >> chinese markets continue to be shut for the lunar new year holiday. meanwhile, alternatings parade conditions in japan with mazda and takeda pharmaceuticals. on the economic front, we'll get fourth quarter gdp numbers out in indonesia. >>> and checking in on metal prices, they're not holding up, really. the metal is set to post the longest losing streak in 37 years. currently trading at 7,038. i'll giant bp has fallen given a weak performance in its shares and bonuses. it follows in the footsteps of exxon and mobile. both of which posted lackluster figure as the cost of extracting crude rises and oil prices, as we know, have been fairley stagnant. neal, thanks for that. we've spoken about this before, old empires struggling to find

the government and state officials and the community, we have saved thousands of jobs at the mi mitsubishi plant in illinois. >> corker is full of it. he's not anti-union. he's just anti-uaw. give me a break. they helped create the middle class. the corporations didn't simply turn around and give health benefits, doctor benefits, dental benefits, the 40-hour workweek. it didn't just happen. weekends off. the unions created the middle class and the uaw was leading the way. the uaw leads the way today in communities like lansing where we set the model for union and management working together. in germany, the manufacturers are all unionized. in japan, they're all unionized. you have labor and management working together for the benefit of the company. that's exactly what could have happened here. corker portrayed it as the opposite. the company is saying their next plant might be up north. we welcome volkswagen. don't tell me the uaw can't do great work. >> if the nlrb doesn't get involved here, what are they good for? >> you're right on. they need to draw a bright clear line on the sand and

mitsubishi in bloomington has a new product line.uto and auto supply is a key part of the american economy, better than it was five years ago. we're exporting more and want to continue to do that. that's a key part of our manufacturing economy and made in america are our favorite words. >> you've got the chinese, the japanese, the brazilians -- you have all these carmakers coming at the americans and trying to get their cars out there. governor beshear, you've seen a similar situation in terms of rebirth of auto. >> manufacturing is making a huge comeback in the u.s., and it is in kentucky. kentucky is the third-largest producer of cars and trucks in the country now. we are close to ohio. we will hopefully bypass them shortly. governor kasich and i will fight over that. manufacturing is so much where the jobs are at these days. it's not the idea of backbreaking work and putting aa peg in a hole. this is high-tech stuff. it requires education and training. we are very aggressive in our recruiting efforts, but ceo's everyday tell me th

. >> uaw represents workers at a mitsubishi plant in normal, im.f this vote in tennessee help the uaw to i guess reach other foreign car factories in the united states? is this a breakthrough if it happens? >> i definitely think it's a breakthrough. we know from long history that workers everywhere in the united states want union representation when companies give them a free decision on whether they want to join a union. so this will demonstrate workers vote to be represented by the uaw because the employer said it's your decision. we're going to be neutral in this. we believe that workers should have a right to representation. it will show that workers everywhere, given the opportunity to be in unions, a free democratic opportunity, will choose representation, and that will give us a great opportunity to take this works council motto and apply it in the u.s. that i think will -- look at germany. it's been the most successful industrialized country because of codetermination. >> all right. bob king, uaw, great to have you with us tonight. i apprec

it is neutral at mitsubishi. ,n upcoming deal is providing whether or not people will buy the same amountof lose because it is expensive. -- is up three percent. reform and this comes from yamaha motor and suzuki motor. they are down 11%. we're checking in on what is happening in southeast asia. -- is that one percent. jakarta is getting underway. and ares are there stronger. for more on what is happening, i will toss it over to our reporter. >> good morning. the may give you a brief of what is happening on the market. they continue to gain and they predict that they will reach the 5200 level by the end of the year. it will not create turmoil. starting investors buying local stocks and bonds and the deficit -- rank. performert the top tracked by bloomberg. here's of the finance minister had to say about the end of the g 20 meeting. asia, i would say that our deficit is around 2.2% through the end of the year of 2013. continues it will be small. i'm not in a position to comment believe thatand i the best way to do it is to let the market and this movement. you ensure that the fiscal policy

hewlett-packard, mitsubishi, getting involved in 3d printing.ewlett-packard said they're going to develop theirs organically. you can get people who develop software. there's ways to be exposed except for these quote/unquote, pure plays. i think stratus, probably the best of all the companies. but unfortunately, it's still overvalued. >> is that a short for you, as well the. >> no. i wouldn't be short stratasys. if anyone had to own a 3d system name, of those, i would pick stratasys. >> in your research report, you cited one comment that was uttered on our show. on "fast money" a while back. and you called this the single-most stupid comment ever uttered on live television. let's take a listen to that first. >> the idea is to take the consumer piece of the business and get people interested in it. get people using it. and eventually, they'll buy the bigger, industrial printers for real products. >> why is that so stupid? >> oh, i feel so bad for her. first of all, no one should be judged on their worst possible moment. and i'm sure she would tak

mitsubishi, we are also seeing half a percent. we are also seeing gains across the board.her companies we're watching for you in japan. toy are expecting profit double to 300 million dollars next fiscal year. the carrier is planning to increase the cost cutting drive and wants to add new routes to asia and europe. you have a tokyo open climbing 1.4%. suntoryointing for beverage. they blame the weakening appetite caused by higher taxes. also it cites the weaker yen. it lifted last year, shares of that unit looking like this. climbing positive territory. the online game maker is that it beatults in this expectations by 16%. that puts us on track. in november, they said it was looking at acquisitions outside this. 1.1% to the upside. let's head to china. here we go again. just a month or two after fears rose of the credit crunch in china, bank lending moved to its highest level in january. it indicates a shift in emphasis. it gives it a lunar new year aberration. let's bring in stephen engle who joins us in hong kong this week. usually in beijing. mean forhese numbers the bro

my belief is the japanese partner of choice is mitsubishi corporation and would not be surprised 50/50at to have you on the show. coming up, printer jam, 3d systems falling on an analyst downgrade and maybe a trade or selling. here's what josh brown had to say about the stock on friday. >> yeah, i took a lot of heat. lots of guys like to come on tv and bash me about it, but the stock's up 20% in the last week. so it is what it is. >> well, we have a trade update coming up next. and later we know how the harsh winter is hurt many companies this quarter, but what about one thing that's benefitting? "halftime" is hitting slopes with the president of killington resorts. more "half" up after this short break. nly know one direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start

the largest is the cameron project in louisiana led by mitsubishi and mitsui co and is expected to ship 8 million tons annually to japan. with all nuclear power plants shut down, japan's independence on power generation is increasing. lng import ves doubled in the two years since the fukushima nuclear power plant accident and accounts for nearly 50% of the record high trade deficits in 2013. shale gas is assumed to be 20% to 30% chaer cheaper than conventional gases. hopes are not only will it lower gas fees for firms and households but help shrink trade losses. japan hopes to import 22 million tons of shale gas annually and u.s. operations and another project in canada. it will be generating the same amount of electricity as more than 20 nuclear power plants. that's all from nikkei business report. back to you, ross. >> yukako, thanks. have a good evening in tokyo. >>> indonesia's central bank has holding firm. it's kept its key lending rate unchanged at 7.5% as expected. the central bank hiked rates 175 basis points the second half of last year to shore up its currency, the rupiah. ma

so you want to watch out for the orders, particularly mazda and mitsubishi and fantastic numbers, just like toyota, which was a stellar performer in terms of market reaction today. their numbers moving up five bold in terms of net profits, mazda like toyota hiking their full year forecast for net profits and also operating profit on the back of the weaker yen. the operating profit numbers have been tremendous, obviously, because of the weakness in the japanese yen and the october to december quarter. the dollar/yen was standing at about 100 to the u.s. dollar. as you well know, they have fallen a lot more since then, down to about 105 levels, ross. but we've come back from the 105 levels. so long as abe-nomics is going to work, japanese -- will want to see a weaker yen and those outlooks rather rosy. >> adam, thanks for that, joining us from tokyo. >>> british retailer top shop is betting even bigger on the u.s. the fashion chain has unveiled plans to unveil five new stores. you're a better person than helia to brush us up with that. >> yeah. actually, it's a massive expansion and it's

mitsubishi industries was one of them, forecasting profits up to $150 billion yen.pecting to post special profits with hitachi. suzuki motors says it will raise forecasts. and the weakening yen pushed up profits. that's all from the nikkei business report. back to you. >> thank you for that. for tomorrow, we've got growth in india being in the spotlight as its advanced gdp estimates for this fiscal year. we get third quarter results from taper power while in japan, their corporate earnings story continues. we've got the likes of olympus, isuzu, marubeni and inpex among those reporting. >>> still to come, i've been doing checking out london's shattering new exhibition. it's amazing. we have a renown glass blowing artist. he told me how to trying to break the glass ceiling of art, next. hmm, fifteen minutes could save you fifteen percent or more on car insurance. everybody knows that parker. well, did you know auctioneers make bad grocery store clerks? that'll be $23.50. now .75, 23.75, hold 'em. hey now do i hear 23.75? 24! hey 24 dollar, 24 and a quarter, quarter, n