sources tell nhk nissan could spend over $1.8 billion to take a take in the ailing firm. e move would make nissan mitsubishi's biggest shareholder. nissan and mitsubishi are set to hold meetings to decide about the move. the two automakers jointly set up aom

sources tell nhk nissan could spend over $1.8 billion to take a take in the ailing firm. the move would make nissan mitsubishi's biggest shareholder. nissan and mitsubishi are set to hold meetings to decide about the move. the two automakers jointly set up a company to develop mini observers say nissan appears to be aiming to boost its sales in southeast asia, which is mitsubishi's key market. combined global sales of nissan, its partner firm, renault, and mitsubishi topped 9.5 million vehicles last year. the figure is comparable with those of the world's top selling automaker, toyota, and germany's volkswagen. officials admitted to fabricating assumption data. the executives are hoping a new arrangement with nissan could strengthen its research and development capabilities. sources say nissan is pinning its hopes on gaining some advantages in southeast asia. a key market for mitsubishi. the scandal could result in a more consolidated auto industry. the scandal at mitsubishi is not over yet. executives at mitsubishi motors admit the company manipulated fuel economy figures

that is according to nhk. nissan invests $1.8 million in the automaker.y are blaming overly ambitious your economy targets for the cheating on tests data. they admitted overstating fuel economy at some models over 10%. lawmakers looking to bring relief to flyers this summer. richard blumenthal and others are urging airlines to drop back fees during the busy travel season. they say he would reduce long airport security lines. but something was misguided. -- some say it was misguided. pizza hut is celebrating a new store in tanzania. employees and the general manager of pizza hut africa climbed to the guinness world record pizza delivery, 1003 to 48 feet. 9348 feet. and it was a slice of pepperoni. but as the bloomberg business update. ramy inocencio is standing by with the markets right now. ramy: running for today's options insight is scott bauer from trading advantage. he joins us from the cboe in chicago. let's talk about the market overview. we are seeing markets their session lows, the doubt tutored points -- the dow down 200 points. you think this is

now, as we have been covering all week on nhk "newsline," a lot of focus on nissan as well as mitsubishi motors. nissan rose 4%, not only because it took a 34% stake in mitsubishi motors but also it posted strong earnings and raised its dividend payout as a result. mitsubishi motors fell 1.7%, but only after it had been flooded with buy orders on thursday, so it wasn't too surprising that it came in for a bit of profit-taking. so looking at the week on the whole, the nikkei ended up 1.9%, thanks to strong gains earlier in the week. i am ramin mellegard from the tokyo stock exchange. >>> moving on to other markets in the asia-pacific region. let's look at shanghai. the shanghai composite down by .3%. 2,827. the index posted a fourth straight week of declines, the longest fall in two years, concerns about china's economy persist. malaysia's main index dropping by 1.3%, 1628 the closing number, lowest in three months. country's economy in the first quarter grew at the slowest pace since 2009, exports were weak. seoul's kospi down by .5%. bank of korea held its key interest rate steady. hang

nissan is in talks to take control of mitsubishi motors. this is from nhk. the sun is in talks to take control of mitsubishi motors -- nissan is in talks to take control of mitsubishi motors. looking at the share price, it is down 1% but there is no indication it is really moving given that volume is not really heavy. 14000 and 104 shares. is the share price of nissan pus american depository receipts. americansan's depository receipts. we will continue to monitor this as the news continues but we want to get more from ramy inocencio. ramy: taking a look at the major markets and how things are react in, not much here in terms of those headlights -- headlines. across the board, we are in the red, the dow is down the most by about two thirds of 1%. this is off the back of what happen yesterday when we saw the best game in the markets in the past two months. today, corporate earnings is one of the big ways. 90% of the s&p equities have reported and in terms of earnings growth, it is actually negative on that sense, down 8.7% year on year. ratel concerns are anoth

nissan's. >>> japanese government officials are conducting their own tests to measure fuel efficiency of vehicles made by mitsubishi motors. automakers' admission that it manipulated data on more than 620,000 cars. nhk world's kurando tago reports. >> reporter: transport ministry officials are taking matters in to their own hands. they say mitsubishi has betrayed the government trust. >> we had been thinking the measurement method was so simple that carmakers could never make a mistake. but we were too optimistic. >> reporter: tests set by the transport ministry measure running resistance of vehicles based on air resistance and road friction. the lower the value the better the fuel economy data. but workers at mitsubishi calculated values without taking any measures and then admitted them to regulators. the scandal was revealed last month. >> translator: customers bought our cars based on false fuel economy data. i'm sincerely sorry for this. >> reporter: mitsubishi officials said it had been manipulating data since 1991. u.s. authorities are taking a hard line. the environmental protection agency has ordered mitsubishi to conduct new tests of u.s. vehicles. the scandal is expected to have a serious