Thursday, November 09, 2017 1:00 am
Nissan sees profits dip amid recall
Staff, news services
TOKYO – Japanese automaker Nissan Motor Co.'s fiscal second-quarter profit slipped 3 percent despite growing sales because of costs related to improper vehicle checks in Japan and a massive global air-bag recall in the U.S.
The news conference Wednesday announcing the results at the company's Yokohama, Japan, headquarters was overshadowed by the scandal over systematic faulty inspections, which surfaced last month. The scandal has resulted in more than a million vehicles being recalled to be checked again in Japan, and has caused some production at all six Nissan plants in Japan to be halted.
Nissan has acknowledged unqualified people had been carrying out vehicle checks. Adding to the embarrassment, the company acknowledged that, even after the scandal surfaced, the dubious checks had continued.
Nissan, allied with Renault SA of France, reported a July-September profit of 141.6 billion yen ($1.2 billion), down from 146.1 billion yen the same period last year.
Quarterly sales rose 8.5 percent to 2.89 trillion yen ($25.4 billion).
Micropulse growing, creating 25 jobs
Micropulse Inc. will invest $5.5 million in new equipment and create 25 jobs as it expands in Columbia City, according to Whitley County officials.
The medical devices developer and maker will increase its machining and inspection capacity. The new positions, which will pay $19.23 an hour on average, will be in production and quality control.
Micropulse, which now employs more than 300, will add the new machinery to its existing 160,000-square-foot facility.
The Whitley County Council approved a 10-year tax abatement for the project, according to a Tuesday news release from the Whitley County Economic Development Corp.
Online Trump Store selling more apparel
President Donald Trump's company is opening an online store to sell branded apparel, golf gear and gifts.
The online Trump Store features hats, bags, shirts and other items similar to ones at Trump's golf resorts and hotels, but it also includes new products.
Many appear manufactured abroad. The website's inventory includes items described as “Decorated in the USA,” including “Charlie the Beagle,” a stuffed dog with a blue ribbon with the Trump name on it.
The website says the dog was inspired by Eric and Lara Trump's very own beagle, Charlie. It costs $35.
The Trump Organization did not respond to questions about where the products are made. President Trump has criticized U.S. companies for shipping manufacturing jobs abroad.
Obstacles ahead for AT&T, Warner deal
AT&T says it's uncertain when its $85 billion deal for Time Warner will close, making investors worry that regulators may try to block it or require significant changes.
Reports from the New York Times, CNN and other outlets, citing unidentified people, said the Justice Department wants the companies to sell Turner Broadcasting, which houses CNN, TBS and TNT; or to sell satellite TV provider DirecTV, which AT&T bought in 2015.
AT&T CEO Randall Stephenson said in a statement, “I have never offered to sell CNN and have no intention of doing so.”