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Schools Close as Spike in Swine Flu Cases Hits Japan

In a sudden surge that took Asian health officials by surprise, the Japanese health ministry confirmed on Monday at least 125 new cases of the A virus — or swine flu — in the country’s western prefectures of Osaka and Hyogo. Officials have shut down around 1,000 schools since many of the infected were high-school students. Japan, along with the United Kingdom and Spain, is now one of the few countries outside of North America where the World Health Organization fears sustained human-to-human transmission of the virus could lead to the onset of a full-blown pandemic

In Japan, Fast Fashion Rules in Slow Times

Tokyo’s Harajuku district is where to find Japan’s fashion-forward youth.

Obama to visit Ghana in July

President Obama will rack up plenty of frequent flyer miles this summer with planned trips in Africa, Russia and Italy. Obama, along with his wife, Michelle, will visit Accra, Ghana, on July 10 and July 11, the White House said Saturday. It will follow Obama’s trip to the G8 summit in L’Aquila, Italy, from July 8 to July 10.

An ‘Up’ note to Cannes opening: Pixar goes 10 for 10

The Cannes Film Festival entrusted its opening to a Pixar film, and the animation studio did not disappoint. Pixar, which has produced such gems as “Toy Story,” “The Incredibles” and “WALL-E,” introduced its latest feature, “Up,” on Wednesday night at the French movie celebration.

Sony ends year with first loss in 14 years

The Sony Corp.

Explainer: Why was Intel fined?

The European Commission handed down its ruling in a landmark anti-trust case against Intel Wednesday, fining the computer chip giant a record $1.45 billion for abusing its dominant position in the computer processing unit (CPU) market. The ruling, which Intel plans to appeal, may have future implications for American companies accused of “jurisdiction shopping” to avoid anti-trust verdicts against them, says CNN’s Jim Boulden, who explains the basics of the Intel case

Hitachi posts historic loss for Japanese manufacturers

In the Land of the Rising Sun, the fiscal year is setting in a sea of red. Electronics makers Hitachi and NEC Corp., and carmaker Nissan all ended the year with a loss

Land mine hits Indian security patrol, four feared dead

At least four security officers were feared dead after a land mine blew up their cars in central India Monday, police said.

Toyota reports first annual loss

Toyota reported a first-ever annual net loss of $4.4 billion on Friday, the latest automobile maker to be battered by the credit crisis. Net revenue for the fiscal year ending March 31 was down nearly 22 percent, with total sales of 7.6 million vehicles — 1.3 million fewer than the previous year. The company dividend will be reduced to 100 yen per share, down from 140 yen per share last year The appreciation of the yen against major currencies, rise in raw material costs and the collapse of the auto market in Europe and North America led to the company’s annual loss, said Katsuaki Watanabe, Toyota president, at a press conference.

Search wanes for professor missing on volcanic island

Three police officers continued to search Thursday for an American professor who disappeared on a small volcanic island in Japan. Japanese authorities had scaled back the search for Craig Arnold, an award-winning poet who has been missing for 11 days. At one point, teams of rescuers scoured the island on foot, while others searched from helicopters.