32 Burst results for "Carlos Goan"
Two Americans charged with helping ex-Nissan CEO flee Japan
"Chairman Carlos Goan. Tokyo prosecutors have been questioning Michael Taylor and his son, Peter. Since they were extradited from the US earlier this month. Now the Taylors had been formally charged with helping a criminal escape. The prosecutors say the elder Taylor, with the help of another man had hidden gone in a large black box, supposedly containing audio equipment. The box then passed through Japan Airport security Was loaded onto a private jet that flew to Turkey Gone, who'd lead in the sand for nearly two decades, was arrested in November, 2018 on later charged with under reporting his compensation on breach of trust. I'm Charles Dillon Asthma Nearly three months after one of the worst landslides in
U.S. judge allows extradition of two men accused of aiding Ghosn escape
"The way for a former Green Beret and his son to be extradited from Massachusetts to Japan. Michael Taylor and his son Peter, accused of using a box and a bullet train to help the former head of Nissan, Carlos Goan. Escape on fraud charges
Lebanese Reaction To Nissan's Ex- Chief Fleeing Japan For Lebanon
"It's a Cliche to say this next story. Sounds like a Hollywood movie and yet former Nissan Chairman Carlos Goan had his passport seized. He was under twenty four hour. Our surveillance in Tokyo he escaped from Japan and then turned up in Lebanon. This means he will likely avoid going to trial in Tokyo where he faces financial misconduct charges charges. And it seems that Lebanon's government has welcomed him. So how did he get their Khloe. Cornish with the Financial Times is reporting out this story. She's on skype from in Beirut. Hey chloe I know so. You've been talking to people who have been talking to Carlos Jones family. Are we any closer to solving the mystery of how this man got Out of Japan. What are they telling you? I'm not I really to be honest at this point. Able to say how he got out of Japan and what what we do know at this point that he had a French possible in his possession which he was able to use what we do also know now this morning learning is that Turkish authorities are looking into how he was able to transit through techie on his way from Asaka in Japan to Ebanon which is what he seemed to have done. Sexual therapies at concerned that his entry and exit to the country wasn't registered That's interesting you also found out that he hired private investigators instigators right. What was their role in this so I just just to be fair? I didn't find that out but the so it's not private. Investigators I am but it's believed that a private security company was used to help orchestrate this this escape flight from Japan which clearly like took a lot. Uh Planning right as you say. Twenty four seven so they events you also reported that Lebanese officials had been pushing for his release. And I think this is one of the really interesting things things about Carlos going. This is what you might call a worldly man Can you explain to people why Lebanon is so interested in him in particular he has family roots roots. There right. Yes so call US Lawson which is how you pronounce? His name and Arctic is a Lebanese citizen. His his family are from Lebanon. He spent quite a large chunk of his childhood in Lebanon. He was he was born in Brazil and he has business interests here as well just sort of small business interests on the side of being one of the world's various automotive moguls and he's part owner of a winery and He he holds a Lebanese passport and the Lebanese government which which I found out yesterday had actually requested his extradition from Japan back in November last year in the formal formal letters to the Japanese government. And this was a request that was reiterated. Actually just a week ago in kind of coincidental timing When the Japanese foreign minister made an official visit to Beirut on some of the twentieth so at a meeting with The Lebanese beneath President and the Japanese far far Minnesota this file was was raised again. This request of Mr Corson's extradition was an for him to face trial in Lebanon rather than Japan was was raised again. I see in very quickly. What do Lebanese people ordinary people think of him for a long time on call us? Washington has been seen as a sort of August of successes. Eleven expatriate Lebanon has a very strong business culture and also has a huge population relation. But it's fair to say his is dimming. There's another I would think. Maybe he's maybe he is guilty. They don't they don't know financial supporter. khloe corners. Thanks so much thank you.
Japanese shares dip; Nissan hits 8-yr low as top exec decides to quit
"Shares in Japanese carmaker Nissan Assan has suffered a sharp drop of more than three percent on the Tokyo Stock Exchange. The drop came after the automaker announced the president of the company is stepping down the BBC's he is Brenda Marshall reports. It's just weeks. Since Nissan asked June sookie to lead a recovery process after financial scandal surrounding the company's former boss Carlos Goan own Mr Seconds resignation after a thirty year career at his son has raised doubts by investors as to the stability of the company's leadership despite a Nissan statement statement saying the firm's restructuring plans are on track. The company made no comment on the reason for Mr Sexist resignation. But it's widely reported. There may be disagreements agreements among the new management team over how to deal with Nissan's biggest shareholder the French carmaker Renault which has previously pushed for merger the BBC's Brenda Marshall Social reporting this sand is also posted a string of lacklustre. Earning quarters in
Nissan, J. Lonsdale And Nick Kostov discussed on WSJ What's News
"So nick. This is a complicated story. But what do we know about the funds that carlos goan used used for his investments in silicon valley startups so this story really begins in twenty fifteen and that year the the goan set up open investment vehicle in delaware who'd shotgun investments and this vehicle is to invest in startups in silicon valley so do i this work does that going son antony who was working at the time for a silicon valley investor j. lonsdale he would find investments and find stops which he thought would do well and he woods either make the investment himself. If there were swollen investments they were larger investments he would oscar's dodds for permission and for funds to invest the money in today startup so for example he wanted to make an investment in grab and so he amount his dad saying the grab was interesting investment and his dad sent over two million dollars and anthony obviously made that investment excellent so anthony who's ready to hunt going really provided the funds and obviously these funds now no we're coming from a nissan san client who is based in no man and who deposits money in a funding in lebanon and which then mr going direct rex to shogun investments okay so so what do we know about this connection with the fund in lebanon so the money which ended up at the delaware funding which was been invested into various start ups. We know that it came from an executive at a nissan distributorship co-defender kumar he's an international and he transferred the money from his bank account in switzerland to lebanon-based vehicle and then the money was transferred over to shotgun investments in the u._s. Now would japanese prosecutors allege. What nissan investigators believe is that. This money was actually siphoned-off from incentive payments that nissan were paying to the distributor in. I'm so japanese. Prosecutors specifically say that of two five million dollar payments that nissan may to the distributor twenty seventeen in two thousand eighteen five million of that they charge was diverted through the international defender cuma lebanon and over to show gun investments in the u._s. Now how tall us gun has very strongly denied these allegations yeah obsolete colors golden denies the allegations completely and forcefully and says he will fight inco and if given a federal prevail he says that this was a private investment he was providing private investment advice and that there was absolutely no link between screened the money that nissan which paints distributor and the money to defend ukraine with providing in that ended up as shogun investments yeah we'll forgetting any notion of criminality analogy. We still know that he had a personal business dealing with a client of nissan. What can we learn from this story about the broader gun saga. I think the story can paint a fuller picture of college <unk> actions. I didn't know of time the since november people who've been talk talk about this case in black and white is gonna give t's not guilty if he's not guilty then he should be allowed to go free. We we don't have anything criminal here but at least it allows houses to save more weakened <unk> very say that he started a kind of parallel business with a with a nissan client where he helps to invest forty million euros of funds coming from this person whether it's criminal or not i think it by international business standards. Many people say that that that shows somewhat questionable schnabel judgments and also decided that he didn't he didn't tell the company maybe create some sort of conflict of interest so i think it allows houses to to paint a picture of his actions in the years the japanese prosecutors and listening to the wall street journal's nick kostov and that's what's news for monday afternoon. I'm charlie turner for the wall street journal.
Proposed Fiat Chrysler/Renault Merger Could Upend Auto Industry
"The business wars daily is brought to you by Staples work is changing, but Staples is changing right along with it. The new Staples delivers solutions to help your team be more connected productive, and inspired. Learn more at Staples dot com slash change. From wondering, I'm David Brown, and this is business wars daily. Happy monday. Everyone put together businesses on four countries in three continents. In what do you have a merger, so massive? It could up end entire industry automaker Chrysler maker of Jeep Dodge Ram and Alfa Romeo vehicles proposed just such a merger to Renault last week. The offer comes after Fiat Chrysler spent years courting other potential partners, including Ford, Volkswagen, and even General Motors. Should the deal go through, it would make the merged company, the third largest automaker in the world following Toyota and Volkswagen? Currently General Motors holes that third-place lot Fiat Chrysler, is seven, the story is a dramatic when almost fit for a movie it involves the son of Italy's richest man, the arrest of a CEO, the death of another and even the president of France now, bear with me here while I untangle it for you. Fiat UC used to be enormous at one time it produced up to seventy percent of all of Italy's cars, its, owner was Playboy's, Yanni Anneli, who was so wealthy in powerful. He was considered the uncrowned king of Italy. According to the Wall Street Journal in nineteen Ninety-seven and yell. He's twenty one year old grandson, John Elkin joined the family business, but FIU, had weakened considerably by two thousand three Fiat was in enormous debt, then Johnny Ellie died, leaving the young L. Con in charge of an ailing empire Elkin convinced his family to increase their investments and bailout Fiat. He also hired a new CEO Sergio Marchi ONA who turned the company around in twenty eleven Fiat was strong enough to acquire the bankrupt Chrysler although successful Marchiani had a reputation for being a brutal negotiator, a reputation that quashed potential mergers, he died last year leaving the diplomatic Elkin in charge. And that opened up the merger possibilities. Meanwhile, Renault has had its own share of drama Renault his long been in an alliance with Nissan, but that alliance has been shaky since the Japanese arrested alliance. EEO Carlos Goan last November on suspicion of financial crimes Goan has denied the charges. Fiat executives say the two companies would share infrastructure and technology, but would not close plants or fire workers, French in Italian unions would have protested layoffs. The Wall Street Journal reports France owns a fifteen percent stake in Renault. The proposed merger is so delicate that Renault ran the idea by French president Emmanuel Macron, mccrone gave his blessing. Renault has responded to yachts bid with interest. The deal comes at a time when every major car company is developing, or already selling electric vehicles, and many have autonomous cars in the lab or on the drawing board carmakers need billions of dollars to develop driverless vehicles one factor prompting off. Oh, exacts to combine their resources. But analysts say a global marriage this complicated could take a year to put together and some observers warn that what looks good on paper can be extremely hard to pull off after all merging technologies is one thing merging personalities and cultures. That's something else in tirelessly. From wondering this is business wars daily. Hey, if you like our show, take a second to give us a five star rating and review on apple podcast. Would you. It helps people find it. Thanks a lot. I'm David Brown and we'll see you tomorrow.
Carlos Ghosn Awaits Release From Jail After Posting Bail
"They saw former chairman Carlos Goan is awaiting release from the Tokyo detention house after he paid four and a half million dollars bail. Prosecutors fighting to keep going into tension and it's unclear when he might be set free. The prosecutors say they vehemently opposed releasing Goan contending he could tamper with evidence or influence witnesses Joan was arrested in November released on bail in March but rearrested and detained in April on fresh financial misconduct
Nissan's Carlos Ghosn indicted a fourth time in Japan
"For the fourth time in recent months prosecutors in Japan or filing charges against former Nissan chairman Carlos Goan, NPR's, Anthony Kyun. Says gone denies all accusations against him including financial misconduct and breach of trust Goan was detained on financial misconduct charges in November in his detention would have ended today if prosecutors hadn't brought fresh charges this time he's accused of skimming money from a Nissan subsidiary and using it to buy jets and a yacht before his fall going. Let him mighty automotive alliance including Nissan Mitsubishi and Francis Renaud gun remains in custody in
"carlos goan" Discussed on Bloomberg Radio New York
"Elsewhere the gin held onto gains which contributed to a mixed equity session in Japan as the Nikkei closed high by two tenths of one percent. But the broader topics fell slightly Johnny Stokes were mostly fomented. The CSI three hundred up by half of one percent on the close to a twelve month high and tech. Stocks led gains on Hong Kong's Hang Seng index in Singapore. I'm Juliet Solly, Bloomberg daybreak. Juliette? Thank you car. Sales in China continue to slump plunging for the ten th straight month. Retail auto sales dropped twelve percent. In March is a slowing economy and US trade tensions way on consumer sentiment. China says cars are currently the. Only shrinking consumer product group in the country. Former Nissan chairman Carlos Goan is speaking out about his arrest. This is about this is about conspiracy. This is about backstabbing. That's what we're talking about and video recorded before his latest arrest. Goan blames Nissan executives for orchestrating his detention at a Japanese jail instead of working to fix the automakers. Poor performance. There was fear that the next step of the lines. In terms of convergence, and it turns moving within a certain way, some people or eventually threaten the autonomy of colonels going repeated his claim of innocence and the eight minute video and originally named specific people responsible for his arrest. Those names, however, we're edited out due to the sensitive nature of guns current position. He's expected to remain in jail until at least Sunday on the Brexit front. Prime Minister Theresa may heads to Berlin. And Paris today seeking a short delay to the UK's exit from the EU Bloomberg's Maria today all reports from Brussels. One day before the summit should decided to go. See Angela Merkel and Monroe Macron, we know the French, and the Germans have been very different when it comes to the negotiation. Angela Merkel herself many times has said that she will fight to get the deal done until the very last minute Aminu Macron has flirted with the idea of veto and no deal Brexit, but we understand that. In fact, the Germans and the French behind the scenes actually are preparing a much more coordinated response. And whatever we get to more will be the result of a compromise between the two of them. And also at the same time, it's worth keeping in mind that here in Brussels. There's many other Member States who at this point do not want to be seen as forcing a no deal Brexit. So that's something that we need to keep him on when it comes to maybe a debate on veto Bloomberg's Maria today reports that summit tomorrow will play a large role in deciding the future of Brexit, e you officials want to make sure any delay won't allow prime minister may to disrupt the blocks business hell. Elsewhere in Europe. But we have word of major jump cuts at the investment banking unit of socio tation ari'el Bloomberg's posture and just live from London with the very latest. Good morning. Good morning..
"carlos goan" Discussed on KOA 850 AM
"Brings us Pat money news. We got fresh sign this morning. The economy could be cooling off a little bit. The ADP jobs report for February shows one hundred eighty three thousand private sector jobs added last month. Analysts say we are seeing a slowdown in the retail and travel sectors of the economy. The one hundred eighty three thousand jobs, it's still a fairly robust number. We'll see how this report corresponds to the Labor Department jobs report that comes out on Friday, and as yours both public and private sector. Hiring. Stock futures are down slightly across the board ahead of this morning's opening at seven thirty analysts say the flat numbers reflect. The absence of any fresh news on the US, China, trade talks. Former Nissan chairman Carlos Goan is leading a Tokyo prison after more than one hundred days on the inside a Tokyo court granted his release on bail of nearly nine million dollars. That is one of the highest bales ever set in Japan going was arrested in November on allegations of financial misdeeds at Nissan and its partner Renault. He says in a statement that he's innocent and totally committed to vigorously defending himself in a fair trial. If convicted he does face ten years in prison. I'll bet you've probably seen the greeting cards that are really insult cards. They were all the rage a while ago. But now, there's a company the takes the idea a giant step further. The problem is I can't really tell you the company's name without getting in trouble still it's a legitimate business at a real business story. Let's give it a try here. This company makes chocolate facsimiles of a male body part. And then delivers it to somebody at all like with the message that reads, you are a let's your the name Richard here. You can send the gift to your favorite Richard anonymously, or with a lovely handwritten note sign I can't safely give you the website address. Either. By the way, your next money update. An update on a beer story. We told you about recently which beer would that be? We'll tell you how that lucky charms bureau went over with customers at seven twenty five..
Carlos Ghosn Offers to Accept Camera Surveillance in Bid for Bail
"Prosecutors in Japan have appealed the decision granting bail to former Nissan chairman Carlos Goan. He's been jailed for nearly four months, and it's not clear if you'll be released Abigail Leonard reports from Tokyo Tokyo district court set goals bail at one billion yen or about nine million dollars. Bail is rarely granted without a confession in Japan. But going agreed to round the clock video surveillance and electronic tagging to ensure he doesn't flee or tamper with evidence gone continues to deny charges that he understated his pay. And also used a Nissan subsidiary to cover personal trading losses. Gone who has Brazilian Lebanese. And French was one of the few foreign leaders of a major Japanese company earlier this year he called his arrest. The result of plot and treason by Nissan executives who opposed his plan to finalize a merger with French car company.
"carlos goan" Discussed on Bloomberg Radio New York
"I'm Doug krizner at Bloomberg world headquarters in New York. Let's check this hour's top business stories and the markets activision blizzard announced plans to slash costs across the company that's after reporting sales below estimates. And delivering a disappointing forecast. Activision blizzard chairs picked up three percent in late US trading, Amazon and General Motors are said to be in talks to invest in the electric truckmaker riven Japanese machine tool orders slumped last month by eighteen point eight percent. That's a year over year reading and it follows an eighteen point three percent decline in December. This seems to gel with a deepening slump in South Korean exports along with a collapse in shipment orders in both Germany and Taiwan. When it comes to the theme of slower global growth the New Zealand dollar picked up as much as one point four percent against the greenback. After the RBM said said the official cash rate is expected to stay at this level through twenty nine hundred. Eighteen and twenty twenty Nissan is taking an eighty three million dollar charge against payments due to its former chairman Carlos Goan gone is under investigation and is in prison. Nissan is also cutting its operating forecast to the lowest level in six years and US secretary of state Mike Pompeo said the task for the US is to make sure it's information on wall way is widely known an individual countries can make their own decisions when it comes to using while we a quick moment for their five G networks. We check markets every fifteen minutes here on Bloomberg. We have a weaker yen and a stronger Nikkei with the Nikkei up one and a half percent. Hang sang is higher by three tenths of one percents. Shanghai composite up six tenths of one percent, the kospi better by three tenths of one percent. And the ASX two hundred down four tenths of one percent. The US ten year treasury with a yield of two point six nine percent. Global news twenty four hours a day on air and a tick tock on Twitter powered by more than twenty seven hundred journalists and. Analysts. This is Bloomberg. New Jersey Democrat Senator Bob Menendez and Representative Bill Pascrell released legislation that would fully restore the tax deduction for state and local taxes known as salt and June President Trump's 2017 tax law cap the tax break at ten thousand dollars which covers only a fraction of the salt bills from Eddie taxpayers in high tax states. Senator Menendez spoke with Bloomberg's Caroline Hyde. And scarlet FU about the plan. My question is why now when the Senate is fully controlled by Republicans. How far.
"carlos goan" Discussed on WNYC 93.9 FM
"You're listening to the BBC World Service with me Ed Butler today, just as the US and China are beginning talks to defuse a possible trade war Washington's launched indictments against one of Beijing's. Biggest firms wall way all the two events related. And what does it mean for markets? Desperate for trade peace in the world. Business daily coming up in a couple of minutes. BBC news with Marion Marshall, the former motor tycoon Carlos Goan said the charges pressed against him by Japanese prosecutors as a result of a plot by Nissan executives, which he described as treason, he was speaking to Japan's Nikkei newspaper in his first interview since his arrest in November on financial misconduct charges. Mr. goon said that some in Nissen opposed his plan to integrate Renault the French car company, he headed with its Japanese partners Nissan and Mitsubishi. Then Waylon President Nicolas Maduro has had he's open to holding internationally mediated talks on the crisis in his country week after the opposition leader Hongo IDO declared himself interim head of state this Madurai said his foreign minister was actively pursuing avenues for dialogue. But he again asserted that he retained the support of the military. European Union leaders have dismissed talk in Britain of renegotiating the deal on the country's departure from the EU on Tuesday. The Prime Minister Theresa may one parliamentary backing for seeking changes to the arrangements for avoiding a hard border with Ireland once Britain leaves grenade attack on a mosque in the southern Philippines has killed two people wounded four others, the attack in the city of San Beranger happened is religious leaders were resting inside. The mosque a protest March by hundreds of women demanding a ban on the sale of alcohol has reached the southern Indian city of Bangalore. The women from rural parts of Connecticut. State say alcohol abuse has increased violence against women and also draining income away from house homes. You'll start.
Ghosn says Nissan executives used 'plot and treason' to halt Renault integration
"Marshall, the former motor tycoon Carlos Goan said the charges pressed against him by Japanese prosecutors as a result of a plot by Nissan executives, which he described as treason, he was speaking to Japan's Nikkei newspaper in his first interview since his arrest in November on financial misconduct charges. Mr. goon said that some in Nissen opposed his plan to integrate Renault the French car company, he headed with its Japanese partners Nissan and
"carlos goan" Discussed on News Radio 920 AM
"Get me out jet off this too. Stay hydrated in this food. I don't know. Twenty seven hour flight. So that's true. Yeah. Pretty well stocked loaded on, you know, have some biz fro that must have been. Just absolutely terrible. Oh, no. Thanks. Speaking of seeming, complete and utter disaster Carlos Goan, he had a revise bail requests. So we just want to date everyone. He is still in jail. Yes, Johnson's November nineteenth is still there. And there is no indication that he's ever getting out. So that's our daily Carlos going update. I don't really have much else to add to the story. We seem to talk about it. He's always in the stack. What was the last time we had a day of the financial exchange? Carla going update it's been a while November eighteenth. I mean, but we have to update the people. I mean, this is a this is going to be a movie I feel. Yeah. Fascinating. What's going on? It is November nineteen forty nuts. I quickly he was arrested based on the fact that they brought a jap-. Japanese regulators brought up charges that he did not properly disclose income that he received from the company's going is fighting this tooth and nail saying it's completely illegitimate. And it seems quite frankly, pretty illegitimate in terms of the charges. So that's taking it from our perspective here. Let's talk about the government shutdown old, but more talked about it a little bit in the first hour. We could talk about I don't really want to talk about the merits of whether the government should be opened or not. I really want to talk about how it's starting to impact the economy here. So let's go through a few of the big things that are being delayed because of this government shutdown. Well, let's start with the fact that you know, the SEC is shut down. And so that's impacting impact all of us impacts company's abilities to enter the IPO market to start listing. And there's a few big ones this. I mean Uber and lift were both expected to IPO this year yet. I mean, those are the biggies wasn't Pinterest in that mix too. I'm not sure boss. I'll look it up. I mean long list of companies that wouldn't seem like this would delay for a full year. But if you don't have this stuff in by February March, it could really really put off your plans full year. Yeah. Pinterest back in December. There was a headline saying that Pinterest is getting ready for an early twenty nineteen IPO. So that's all being delayed. Airlines are actually seeing some some pretty significant cancellations across the board from contracts, right government contracts across the board. And you know, it's even affecting other companies like Marriott's on Marianne came out today and said all their hotels in the DC area. One hundred fifty hotels are significantly improve the shutdown. Yup. Not surprising. There the one that. I am most concerned about is that beer and alcohol companies cannot get new types of product out there. They have to be approved by department of treasury by. The FDA and they cannot get new brands out. So that's that's craft breweries. Okay. Well, I mean, I'll pharmaceutical companies as well, they can't get their new products approved either. They are apparently inspecting those high risk meats and cheeses and stuff quick break. When we come back skirting more of this exchange is live on Facebook. So make sure to like our page and watch the guys break down the.
"carlos goan" Discussed on Here & Now
"Another big alliance. Meanwhile, hangs in the balance this one involving Japan's Nissan Mitsubishi and Francis Renaud the men who helped forge that alliance. Carlos Goan, he's in jail awaiting trial on charges of financial misconduct. As NPR's Anthony Hyun reports from Tokyo Goan downfall is widely seen as a battle over the future of that alliance had a crucial time for the auto industry. Carlos guns. Rescue of Nissan is legendary here. So his downfall comes as a shocking turn of events going appeared in court on January eighth insisting his innocence. His lawyer moats and nutty owed sue told reporters that guns time in jail is taken its toll on him to hold any hide as those of you who were in court today. No, his face is very much thinner. I think he has lost quite a bit of weight Goan was detained. In November and a court rejected his most recent bail application last week. That means he's likely to remain behind bars for months until his trial. Goan was born in Brazil and holds French and Lebanese citizenship. He took over at Nissan nearly two decades ago the company was nearly bankrupt. Then and it was seen as emblematic of how many Japanese corporations had become hidebound and sluggish Tokyo-based auto industry analyst Takaoki nothing. She says that going turned Nissan around through ruthless cost-cutting in Japan celebrated him for it. He's actually really, you know, the men chains Japan and inference mini Japanese corporations Nakanishi says that going became a virtual dictator at Nissan, essentially, deciding his own salary of about nine million dollars a year without any oversight Nakanishi points out. That's nearly triple what Toyota president occupy Ota makes until iota is double Nissan size. But the unchecked power. Our that I helped Goan save Nissan. He says so the seeds of his downfall later. Prosecutors say that gone under reported his income by about forty four million dollars over five years Nakanishi says the too many Japanese that makes going look, greedy, definitely out of the I think the of angry about the Kodo schools cheating on this presenting his compensation Goan presided over the alliance of Nissan Mitsubishi and Renault and it was CEO of both Renault and Nissan, but it was a lopsided deal. Renault was basically Nissan's parent company and held all the voting rights last June. Go and suggested a merger which would have allowed. We're not swallow up Nissan sort of the straw that Boca cow camel's back. That's nNcholas benny's Representative director of the board director training institute of Japan and on profit devoted to improving corporate governance. He says goings rivals within Nissan opposed the merger and forced them out. Not through board. Maneuvering, but via a whistle blower in public prosecutors, and that's the sort of quasi palace coupon. Which really is. I think yes reality it is sort of a palace coup. Tuck enough on EC describes it as. Nissans redjep Nitish if he saw want to be back to Japan. Okay. So off the experience, globalization. They don't wanna be a hundred single the final irony. Benny says is that with new energy vehicles and self driving cars about to shake up the auto industry, a merger might actually have been good idea. Anthony, Kyun NPR news Tokyo..
"carlos goan" Discussed on AP News
"More legal trouble for X Nissan, chairman Carlos Goan, AP's various shaklee reports he's been charged with breach of trust. In the Tokyo district court charged with full defying financial reports in underreporting his income by about forty four million US dollars over five years through two thousand fifteen gone Greg Kelly, another Nissan executive and Nissan as a legal entity were charged with additional under reporting of income from two thousand fifteen through fiscal two thousand seventeen guns Lewis request be granted. Release on bail. Kellyanne Nissan were not charged with breach of trust. I'm serious shakily. Alost bag with ten thousand dollars in it and has been returned to its owner in New York City, and then Hatton woman has expressed her gratitude to Richard Verna, a retired financial consultant who found the purse on a subway platform on December twentieth and took it to police. The woman had filed the police report before heading to 'cause Don and had planned on using some of the money to buy Christmas presents when they met she presented to Verna with a statue, a hug and a donation in his name to a charity. Former New York mayor Michael Bloomberg says if he runs for president in twenty twenty he'll pay for it himself. He's also offering a bride defensive candidates who use personal riches to bankroll campaigns. Another top contender, Massachusetts Senator. Elizabeth Warren has decried the presidency becoming one more play thing that billionaires can by Bloomberg told reporters in terms of self funding. Let me tell you. I've made all my money. He says it shields him from having to answer to special interests missing. Teen is back home. I'm Tim Maguire within AP news minute thirteen year old Jamie cloth abducted last October from her Wisconsin home. After her parents were killed has been reunited with relatives in Barron. Wisconsin Barron county sheriff Chris FitzGerald says the twenty one year old Jake Paterson had no known contact with the close family before the attack. We don't believe there was a social media connection. And we're determining how he became aware of Jamie. The girl escaped yesterday from the cabin where she had been held in a rural area near the town of Gordon at some sixty miles from baron Patterson as a court appearance on Monday, partial government, shutdown likely to be the longest in US history. President Trump's softens is pushed to issue an emergency declaration to take the wall funding issue out of the hands of congress. The absolute right to do it. But I'm not gonna do it so fast because this is something congress should do some eight hundred thousand federal workers are affected by the shutdown. I'm Tim Maguire AP digital news back in a moment. Jimmy Fallon's tonight show broadcast from Puerto Rico will showcase artists with ties to the US territory. Besides previously announced guest Lin Manuel. Miranda felon says he'll be joined by musicians Jose Feliciano bad bunny. Does Oona chef and activists Jose Andres? Let a grassroots effort to feed island residents after twenty seventeen. Hurricane Maria will also be part of the January fifteenth. Show the show aims to highlight Puerto Rico's culture as well. As what it still faces after the disaster, including restoration estimated by the government at more than one hundred thirty billion. The government shutdown has stopped. A pelican from flying south for the winter a baby Brown pelican that landed near dachshund Rhode Island will likely remain stranded in Chile New England the bird may have been steered north by recent high winds he'd become a local sensation and dockworkers even gave him a nickname Burt. But as temperatures dropped bird the bird was taken from the area by the department of environmental management to a wildlife sanctuary. Now, he might be stuck the executive director of wildlife rehabilitators association of Rhode Island said they can't get the needed federal permits to move him across state lines to a more southern location pieces of Motown's original story. The haven't been seen by the public are now on display in Detroit. It's part of the label's sixtieth anniversary celebration..
"carlos goan" Discussed on AP News
"For X. Nissan, chairman Carlos Goan AP's shaklee reports he's been charged with breach of trust. In the Tokyo district court charged with full defying financial reports in under reporting his income by about forty four million US dollars over five years through two thousand and fifteen gone Greg Kelly, another Nissan executive and Nissan as illegal entity were charged with additional under reporting of income from two thousand fifteen through fiscal two thousand seventeen guns. Lewis requests, gone. Be granted release on bail. Kellyanne Nissan were not charged with breach of trust. I'm serious shaklee. High quality extracts of marijuana will be tested in Virginia. After Sanyo biotechnology got a federal license to carry out medical research. The company will soon embark on a series of critical studies into treatment of various diseases and disorders Sanyal CEO said the licenses the broadest ever issued to a US company, and it allows the firm to import high quality cannabis extracts that aren't available in the US. The company says it's looking to develop a clinical research facility, the future research headquarters may not be in Virginia. But the company said it still wants to conduct a two hundred person clinical trial in the states. Hampton roads region pieces of Motown's original story that hasn't been seen by the public are now on display in Detroit. It's part of the label sixtieth anniversary celebration. The Motown museum says it will display several items including documents that show label founder berry Gordy June. Repayment of the eight hundred dollars family loan that helped him launch the company with a recording in nineteen Fifty-nine officials say the museum plans more displays throughout the year. Missing teen is back home. I'm Tim Maguire AP news minute thirteen year old Jamie, close abducted last October from her Wisconsin home after her parents were killed has been reunited with relatives in Barron. Wisconsin Barron county sheriff Chris FitzGerald says the twenty one year old Jake Paterson had no known contact with the close family before the attack. We don't believe there was a social media connection. And we're determining how he became aware of Jamie the girl escaped yesterday from the cabin where she had been held in a rural area near the town of Gordon at some sixty miles from baron Patterson as a court appearance on Monday, partial government, shutdown likely to be the longest in US history. President Trump's softens is pushed to issue an emergency declaration to take the wall funding issue out of the hands or congress the absolute right to do it. But I'm not gonna do it so fast because this is something congress should do some eight hundred thousand federal workers are affected by the shutdown..
Jimmy Kimmel Heading to Puerto Rico With 'Hamilton' for Hurricane Relief Episode
"Aims to highlight Puerto Rico's culture as well. As what it still faces after the disaster, including restoration estimated by the government at more than one hundred thirty billion. More legal trouble for X. Nissan, chairman Carlos Goan, AP's various shaklee reports he's been charged with breach of trust. In the Tokyo district court charged with full defying financial reports in reporting his income by about forty four million US dollars over five years through two thousand fifteen gone Greg Kelly, another Nissan executive and Nissan as a legal entity were charged with additional under
"carlos goan" Discussed on Monocle 24: The Globalist
"Civil war turned out with a sad more or less in control of the Turks. The very least do not want to said running most of Syria, but not able to actually take control of the country to Syria. So the would end up with a code entity across in Syria, which they just regarded unacceptable. There is no easy way out on this. But calls just bolt it to ahead is this southern decision from Mr. Trump to his journal the American troops in all of this. You have ice is still there. Still underground is not an caliphate as it was. But there are many paramilitaries probably ten thousand plus Syria and Dirac a metaphor the complication so overall I'm afraid is one of these is no easy way out on the multiple conflicts on a number of different axes, which is what makes it really very difficult to say a way through Donald Trump's advisors raining him in. Well, they oh, but of course, the problem is phones that consent, and I think the wider American political community. This is just damaging the standing of the United States in the wild. I mean, there is a strong argument that the Americans of huge exceeded what they should even have been thinking about across the Middle East the war in Iraq, the Volmer to the wall. If you move further into west as you have kind of stone as well. So the views in the United States. The TIs time to withdraw for the problems having been there that having coal so many problems without great success right across the region. If you. Now, leave us leave a kind of security vacuum that I think this is the counter argument, but going back to a point is Mr. Trump under control on this. Well, I wouldn't have said his under control anything present the changes. So sudden to you know, you have his basic kid visors running around trying to pick up the pieces, and of course, his lost some of his most experienced people, including most recently the secretary of defense James Mattis. Okay, Paul Rogers. They will have to leave poll Raja's is professor of peace. Studies at Bradford university. Forty one minutes past the hour. It's time to talk business now I'm joined on the line by the financial analyst. Louise Cooper, welcome. Louise and the former boss of renaissance Carlos Goan is in even deeper trouble. Yes. He's facing two more charges. Now, first of all he was charged with understating its income from the years twenty ten to twenty fifteen clearly prosecutors in Japan have now looked into the accounts in more detail. They've actually said they there's no three years younger reported income for twenty fifteen to twenty eighteen an also a new charge aggravated breach of trust. And that was a cool about the allegation the charge that he's transferred personal says from his own account to Nison losses. He made during the financial crisis. What is interesting in? This is that his wife has been interviewed now, Costco, and is amount of sixty four admit today. Powerful figure, but he's the wife says he's says that no member of the family has been in contact with him as being allowed to contact him since the nineteenth of the day. He was arrested in Japan. And also that he's not being well, which is the first thing he hasn't been in contact the families extraordinary. And then a second thing, we still don't have trial date, and because he is pleading innocent, it's likely he'll remain in detention for many, many, many more months interesting as well yesterday Reynaud wherever you still lables how you can be the Boston still be in Japan is beyond me. But Renno said yesterday that there was no evidence over legal afford payments. So this really is a battle between Japan and fronts on a wide scale. But of course, Cosco and going to be facing time detention for many, many months until a trial until the trial begins. Whatever the truth of the situation. It does sound as if the Reynaud. Asana lines is on shaky ground in terms of being a cohesive at carmaker line to the future. Well, the Japanese clearly don't want it anymore, and they feel I think that it gives the French government fall too much control over what happens at Nissan anyway. So he remains the detention will do so number of months..
Trump says he has right to declare border emergency
"Of defense to pay for the wall. That is if it was declared illegal by a judge, and there would be bound to be legal challenges. It would succeed however in ending the shutdown albeit leaving the final outcome up to judges not the president or congress, but it's very much seen as a last resort. And there are reports here that the the president's closest advisers, including his son-in-law, Jared Kushner are advising him to hold off. Now, the shutdown on course now to be the longest ever, David. Is there any sign of anyone giving way and maybe some kind of resolution being found? Well, that's right. He's about to enter its twenty first day, Paul tying the record for the longest government shutdown in US history. Tomorrow was payday for hundreds of thousands of federal workers. It won't be now. Now, President Trump having walked out of talks, of course with congressional Democrats yesterday. And today, the president said it was easier to deal with China than it was to deal with the Democrats David Willis, they're our reporter in Washington to Japan next where former Nissan chairman Carlos Goan is expected to face charges relating to allegations of financial misconduct. Just as his period of detention in a Tokyo jail is set to expire. We can go live to the BBC's America oil for more on this America. How likely is it that he is going to face charges? I think it is why the expected even his lawyer when he had a press conference earlier in the week when Mr. goon also made his first public appearance in court. The lawyer also said that he is expected Mr. going to be charged with this afresh allegation fresh charges if aggravated breach of trust. So that's more serious than what he has already been charged with. Which is under reporting his income by some eighty million dollars. This new charge is about he's accused of shifting his personal private investment. Losses onto Nissan. A he's also accused of making quite a hefty payments to a Saudi businessman who allegedly helped and cover up the losses. Of course, Mr. goon denied all the allegations on Tuesday, but we are expecting him still to be charged in the next three or four hours before that detention expires and on Thursday night. Renos board has shown faith in him. Can you tell us about that? That's right. The board meeting took place yesterday during which they said that they found no wrongdoing by Mr. go or any other executives still in as you know, that infringe fringe media, especially there has been quite a lot of criticism about how Japan's judicial system is treating Mr. gone, but at the same time, there are a lot of experts in Japan, saying, you know, this is the system that we have you know, there's never been. This much international attention on Japan's judicial system. But it does the basic rule is that when you get arrested by the special unit of the prosecutor's office. You can get held for forty eight hours, which can be extended my ten days, and
"carlos goan" Discussed on AP News
"My. Thank you. Progressive casualty insurance company and affiliates. Discounts available in all states or situations. The former chairman of Nissan Carlos Goan is denying any wrongdoing. AP correspondent Syria shaklee reports on his court appearance in Tokyo, it was first public appearance since he was arrested on the nineteenth of November last year and charged with false financial reporting. Prosecutors have charged with falsifying financial reports in under reporting his income by about forty four million US dollars over five years three two thousand and fifteen. They also say he's suspected of having Nissan temporarily take on his investment losses from the financial crisis gone rebutted, the allegations against him points by point and told the court they had the option to leave Nissan but had decided to stay on. I'm Zaria shaklee. Iowa state's best ever running backs is heading for the pros junior. David Montgomery announced through Twitter Monday is giving up his final year of eligibility and is leaving for the NFL by. Goverry read for one thousand two hundred sixteen yards and thirteen touchdowns last season for the cyclones who finished eight by after losing to Washington state of the Alibaba late last month and five eleven took over the starting job midway through his freshman year and racked up two thousand five hundred twenty five rushing yards twenty six touchdowns on the ground. Despite the big numbers. He has struggled with injuries. The last two seasons. Olympic champion. Michael Phelps is picking up more hardware this time for what he's been doing outside of the pool. The ruderman family foundation is a leading voice in calling for more opportunities for the disabled and has named Phelps the recipient of its fifth annual Morton erode urban award in inclusion. The foundation says it chose Phelps to recognize his advocacy for those with disabilities and his own journey with mental health Phelps has gone public about his struggles with depression and thoughts of suicide since retiring from competition after the two thousand sixteen summer Olympics in Rio he's been working to help people overcome the dark chapters in their lives. Trump in the wall. I'm Tim Maguire the AP news minute in the speech from the Oval Office. President Trump defense has called for five point seven billion dollars to build a border wall barrier is absolutely critical to border security. It's also what our professionals at the border want and need. This is just common sense Trump ads. Congressional Democrats are blocking issues they supported in the past Democrats in congress have refused to acknowledge the crisis the fight with Democrats is led to partial government shutdown now in its eighteenth day in the Democrats response. House speaker Nancy Pelosi says money for border security..
"carlos goan" Discussed on AP News
"To the AP digital news network. The winter weather that's been blasting Europe has caused flight delays and cancellations and does AP correspondent Syria shaklee reports. More than a dozen people have been killed in weather related accidents over the last week. Most of them from avalanches in Norway attempts to find the bodies of four skiers were again, put on hold you to poor visibility and heavy snowfall. Swedish woman in three fins were presumed dead after nine hundred ninety foot wide avalanche hits valley near the northern city of Trumpster last week. Other people have also been killed by avalanches in Switzerland. Austria, and Germany an authority warned that continue snowfall is increasing the already high risk of more avalanches. I'm Zaria shaklee. The former chairman of Nissan Carlos Goan is denying any wrongdoing. AP correspondent Syria shaklee reports on his court appearance in Tokyo was gone first public appearance since he was arrested on the nineteenth of November last year and charged with false financial reporting. Prosecutors have charged with falsifying financial reports in under reporting his income by about forty four million US donors over five years through two thousand and fifteen. They also say he's suspected of having Nissan temporarily take on his investment losses from the financial crisis. Going rebutted the allegations against him points by point and told the court they had the option to leave Nissan but had decided to stay on. I'm Zaria shaklee. Researchers say there are disturbingly low number of western monarch butterflies that migrate along the California. Coast a recent count by the search see society recorded fewer than thirty thousand butterflies and said that's an eighty six percent. Klein since two thousand seventeen by comparison, the group in nineteen Eighty-one counted more than a million western monarchs wintering in California. The San Francisco Chronicle reported the Cirque see society, wasn't sure what caused the numbers to drop. It said there's no substantial evidence of a delayed migration and butterflies are not being reported in other parts of the country 2017 study by Washington state university. Researchers found the species likely will go extinct in the next few decades. If nothing is done to save it. Trump and the wall, I'm Tim Maguire with an AP news minute in the speech from the Oval Office. President Trump defense has called for five point seven billion dollars to build a border wall barrier is absolutely critical to border security. It's also what our professionals at the border want and need. This is just common sense Trump ads. Congressional Democrats are blocking issues they supported in the past Democrats in congress have refused to acknowledge the crisis the fight with Democrats is led to partial government shutdown now in its eighteenth day in the Democrats response. House speaker Nancy Pelosi says money for border security..
"carlos goan" Discussed on AP News
"Digital news network, South Korean computer, chip and smartphone giant Samsung says it expects its quarterly operating profit will be nearly twenty nine percent lower than last year. The announcement comes less than a week after apple jilted markets with its week expectations for revenue to end the year, citing weakening sales in China. Samsung says it anticipates a quarterly operating profit of about ten point eight trillion one or nine point six billion US dollars. Fourth quarter sales are expected to be approximately fifty nine trillion won down ten point six percent from the prior year period. Samsung says there's weak global demand for chips amid a worldwide economic slowdown, and it's smartphones are facing stronger competition. The former chairman of Nissan Carlos Goan is denying any wrongdoing. AP correspondent Syria shaklee reports on his court appearance in Tokyo, it was first public appearance since he was arrested on the nineteenth of November last year and charged with foale's financial reporting. Prosecutors have charged with falsifying financial reports in under reporting his income by about forty four million US donors over five years through two thousand and fifteen. They also say he's suspected of having Nissan temporarily take on his investment losses from the financial crisis gone rebutted, the allegations against him points by points and told the court they had the option to leave Nissan but had decided to stay on. I'm Zaria shaklee virtue citizens living in the Netherlands. We'll be able to stay in the country for fifteen months in the event of a no deal Brexit. The Dutch government will also offer them the opportunity to apply for residency permits. The transition period will apply to people who are living legally in the. Netherlands on March the twenty ninth. That's the day. The United Kingdom is scheduled to leave. The European Union migration Minister Mark harbor says Britain's are very welcome to live work and study in the Netherlands also off Brexit Burton's who've lived in the Netherlands for more than five years at the time, if Brexit will be entitled to apply for permanent residency those we've lived in the country for less than five years. We'll be able to apply for a short term residency permit. Border talk. I'm Ed Donahue with an AP news minute tonight at the White House. President Trump will talk about border security, worry, we're going to present the case to the American people. We know that the facts are on our side that is White House communications director, Mercedes schlep. This is day. Eighteen of a partial government shutdown New Jersey democratic Senator Bob Menendez says the president needs to know there can be civilized discussions about border security without punishing federal workers called negotiating in.
"carlos goan" Discussed on KCRW
"The Trump administration is now promising the Internal Revenue Service will still keep sending out tax refunds I- colleague, Scott Tong is following this reversal in policy. Previously processing refunds was not deemed an essential government activities, Scott, what's the logic now. Well, the official reasoning here is the White House wants to minimize the. The pain of the shutdown on regular Americans. Now, I'm Pat downs. The White House has banned the IRS from doing this. Now, the White House budget office has a new policy, and the argument is that tax refunds are similar to social security checks, which have continued in past shutdowns, those are considered essential to protect life and property now, the unofficial reasoning according to skeptics is the White House wants to juice the economy and get the credit and the average refund last February is more than three thousand bucks. So that adds up to hundreds of billions in economic stimulus with there's some debate here over whether this these refunds are allowed. I surely there is opponents are asking. Well, what's the reason for this change into them? The details so far have been sketchy. They argue that if congress has not okayed the money for the treasury department. It can't spend it on IRS workers who have to process these refunds and right now eight out of nine IRS workers are home during the shutdown, and they would have to come back to do this work without any pave. If why the filing season starts. On January twenty eighth Scott. Tom reports out of marketplace's Washington bureau Carlos Goan until recently, the chairman of Nissan Motors of Japan and current CEO of Renault of France got his first moment in court today. He said today he is innocent and has been quote, wrongly accused and unfairly detained based on meritless and unsubstantiated accusations go and has been in detention for fifty days so far amid allegations the understated his compensation. A judge today refused to grant bail checking the markets the.
"carlos goan" Discussed on Bloomberg Radio New York
"Five thirty on Wall Street. Good morning. I'm Nathan Hager. And I'm Karen Moskow. We are just about four hours away from the opening of US trading. Let's get you up to date on the news. You need to know at this hour, US futures. And European shares are rising as investors await developments on trade talks between the US and China. They get the latest from Bloomberg daybreak Asia anchor Bryan Curtis in Hong Kong. The Trump administration has expressed confidence it can reach a reasonable deal with China. But how do you define reasonable how much ground is China give on structural change to its economy? And what does the US given return at the moment? Markets are fairly. Tranquil as investors away details and for its side, China appears to be showing good faith. Traders say state-owned enterprises have been market spying US made goods. No, one expects a full resolution this week, but perhaps a few small steps of progress on call Bryan Curtis. Bloomberg daybreak. Thank you, Brian President Trump's most recent nominee to the Federal Reserve is withdrawing her nomination. Sources tell our say that Nellie Lang withdrew on her own and was not pushed out by the White House. Europe's largest economy is at risk of slipping into a technical recession at the end of the year. German industrial output expectedly fella, November the one point nine percent. Drop follows a decline in October euro area economic confidence slid for a twelve month in December marking the worst streak since the financial crisis. A gauge of sentiment dropped to one hundred seven point three the lowest level in nearly two years and the UK Prime Minister Theresa may chairs her first cabinet meeting of the year. Bloomberg news has learned she is weighing whether to accept a plan. Drafted by pro e u politicians that would make it harder to leave the Baloch without a divorce agreement in Tokyo. Former Nissan chairman Carlos Goan declared his innocence in his first public comments since he was arrested in November gun told the court. He's been wrongly accused and unfairly detained and Samsung Electronics missed profit estimates as demand for memory chips slumped amid the US China trade dispute bigness at apple also hurt Samsung fourth quarter, operating income was about twenty two percent below consensus. And futures this morning are on the rise with us and p futures of eleven and a half points. Dow futures up one hundred twelve NASDAQ futures up about twenty seven the Dax in Germany is up a tenth of a percent ten year treasury that'll change yield two point six.
"carlos goan" Discussed on Monocle 24: The Globalist
"He's going to be talking about security is seen that this will be a way of trying to convince the country that actually this is a very real imprisoned danger. And that's why he needs the money. Yes, I wouldn't count on it moving too many minds. I don't think anyone outside highly committed ideological camps thinks of Trump someone who is particularly effectively deployed rhetoric beyond his own existing committed core of supporters. So to the extent that he's trying to marshal the public again. Against the entrenched Democrats in congress, and even the intransigent Republicans in congress who aren't thrilled with this Wall Street down either. I don't suspect it's going to be particularly successful take. Thank keep that take a power kilos from Chesham house. His what else would keeping an eye on today? North Korean needed Kim Jong UN has arrived in Beijing. The unannounced visit came up to Mr Kim was invited to China by president. She's in pain report suggests that planning maybe underway for a second summit between the United States and North Korea. The former chair of Nissan Carlos Goan has made his first appearance in Japanese court after he was arrested last year his lawyers requested the hearing to address the reasons behind his extended detention in a prepared statement, Mr. goon said he'd been wrongly accused and unfairly detained and French prime minister Edward Phillipa has announced plans to ban participation in unauthorized demonstrations and sanctioned those who take part in riots, the tough new laws are aimed at clamping down on weeks of anti-government protests. The so called yellow this movement. Does not have a leader many fear that it's becoming increasingly radical and violent. This is the globalist. Stay tuned..
Ousted Nissan leader tells Tokyo court: 'I am innocent'
"Carlos goan. The former chairman of Nissan was in Tokyo courtroom to answer charges of financial improprieties, the BBC's Rupert Winfield haved. They said he came in in handcuffs in prison garb in plastic. Her slippers that he looks thinner and that his hair was grey. But he has made a very robust statement and denial of the allegations against him
"carlos goan" Discussed on Bloomberg Radio New York
"Of the program. If you're joining us from the age of region, good morning. I'm Doug krizner at Bloomberg. Interactive brokers studio in New York and Juliette Sally in Singapore. Will after the game yesterday the Asia Pacific index now fairly flat. Let's get all the latest details at Bryan Curtis in Hong Kong fine. Yes. We're seeing some selling in some of the markets this morning people taking advantage of this bounce that we've had over the past couple of days. This was the third day of gains in Asia before the selling came in. And I'll get to details on that. In just a moment moments ago, Carlos Goan appeared in court in Japan and said that he has been wrongly accused and detained he said, he got no compensation. Nissan. That was not disclosed. All right. Let's take a closer. Look, the the dollar has turned around a little bit putting on some strength now up about a tenth of one percent. And so what we see is a little bit of light selling across the markets. Thanksgiving index is down two tenths of a percent. Similar losses in Shenzhen and in Shanghai. And we've had losses for much of the morning in Taiwan. The it's trading down a third of one percent. We had report out of newspaper in Taiwan that apple has been cutting back on orders, particularly for the ten or the Xsara as sales have been weak, and that story in the electronic daily in in in Taiwan. And so those are the markets that are selling down a little bit some of the tech heavy markets. The Nikkei is still up six tenths of a percent. Asx two hundred four tenths of a percent. The dollar yen, by the way one. Oh, eight fifty eight yield on the ten year now down a basis points to sixty eight down to you. All right. Samsung Electronics shares right now in Seoul, weaker by three tenths of one percent, the company posting top and. Bottom line numbers below estimates in part because of a worsening trade spat between the US and China, which is created weak demand for memory chips. Samsung has memory supply and demand will will improve in the second half of the year. We spoke earlier with Anthea lie. She's an analyst with Bloomberg intelligence. She told a Samsung is also facing a slowdown in handset demand as well as longer term growth drivers like a and five G that's not going to help much from now this year with.
"carlos goan" Discussed on Here & Now
"Carlos Goan, though, one story chair of Nissan Motor company was indicted today in Tokyo for understating his pay by about forty three million dollars between twenty ten and fifteen. It's shocking news about the man who wants earned the names seven eleven and Mr. fix it for the tireless work ethic that rescued Nissan from the brink of bankruptcy two decades ago. He also forged a powerful alliance of Nissan, Renault and Mitsubishi. He even had a popular manga comic book series made about his life. Well, if these allegations are true, they may need to write a sequel Joe Slesinger business analyst with CBS news host of on money in the podcast better off joins us. Now, Jill first off tell us more about what Goan and Nissan are accused of. Well, the prosecutors in Tokyo or alleging that he conspired to report just about half of his compensation for the five years ended March of two thousand fifteen. And although this was not part of the formal charges. Right. This minute there also could be additional charges for the three years ending March of twenty eighteen and if you put those eight years together, it looks like under statements of about eighty million bucks. And I should also note it's not just gone. It is also his deputy who is sitting in jail right now, I should say, and they will be in jail for until this thing gets judicata. Did is that what they mean when they say Nissan was indicted as well because people had no that he was doing this. Yes. Absolutely. I mean, the two individuals are facing up to ten years in prison. Nissan faces a maximum fine of up to seven hundred million yen that translates into six point two five million dollars for each year of incorrect financial reports. So, you know, telling it up over eight years, it's fifty million bucks. I should also note that Japan has a very high conviction rate more than ninety. Seven percent of criminal cases in Japan result in a guilty verdict. Okay. Look, I would say given that you know, maybe ten years in jail. Why would he do this isn't enough to be a multimillionaire? But I think we might need a psychologist for that. But wh why is it so important to know what someone's actually making? Well, I mean, look this is enormously important because if you're under stating your compensation what else are you understating? And I think that this really does call into question. What else did Goan do? Remember, he was the chairman and CEO of Renault the chairman of Nisa on the chairman of Mitsubishi and the CEO of the Dutch entity that acts as the bridge between Nissan and Renault. He was seriously considered like the God of the global automotive world. Well, we mentioned this alliance between Nissan Mitsubishi and Renault after arrest on November nineteenth Nissan and Mitsubishi. Dump? Tim miss chair. Renault has kept them on for. Now would is this mean for the alliance and how are the markets reacting? I think that that each of the companies is down to three percent on the announcement of the indictment. But this really does call into question as well. What happens in corporate governance when one guy is so much part of a company's fabric. So I would imagine that there are going to be some names floated for these companies, but I almost could bet that from the Japanese side, they want a Japanese national in charge of their companies that are such big parts of their economy. Well, he watching juice lessons your business analysts with CBS news, host of Jilin money. Thank you. Thank you it. Why isn't fifteen million enough? Why why do you have to add?.
Nissan's Carlos Ghosn indicted for underreporting pay
"Japan's Prime Minister Shinzo Abe's says Japan French relations are unshakable despite concerns over the future of Nissan's alliance with Renault. The concern stems from the charging of the automakers former chairman Carlos Goan with under-reporting millions of dollars of income Tokyo. Prosecutors have charged Goan another Nissan executive Nissan itself with under reporting his income by forty four million dollars over five years as it was crucial for Nissan, Renault and allies partner Mitsubishi Motor to remain United and improve their
Mitsubishi Motors dismisses Ghosn as chairman
"About a week after Nissan gave the boot to chairman Carlos gone following his arrest on suspicion of financial irregularities. AP's Kalki Yama reports. He's now lost his gig in the same position with Mitsubishi Motors, which is the Japanese automaker allied with Renault and Nissan had a board meeting, and they voted unanimously to dismiss Carlos Goan acids, chairman was arrested just a week ago and three days after that Nissan's board met and ousted him acids, chairman to firings from the alliance of three however, Renault has decided to keep going on for now was the other element in the three way. Alliance. Renault has kept Goan as chief executive that was the title yet Renault. He was chairman that needs to be she and Nissan. So the French automaker has had a