Reed Stevenson

Alain Bouchard, founder and chairman of Canada’s Alimentation Couche-Tard Inc., says he isn’t considering a hostile takeover bid for Seven & i Holdings Co. while keeping his proposal for a ¥7.3 trillion ($47.3 billion) buyout on the table, according to a Nikkei report.

(Bloomberg) -- Alain Bouchard, founder and chairman of Canada's Alimentation Couche-Tard Inc., says he isn't considering a hostile takeover bid for Seven & i Holdings Co. while keeping his proposal for a ¥7.3 trillion ($47.3 billion) buyout on the table, according to a Nikkei report.

Alain Bouchard, founder and chairman of Canada’s Alimentation Couche-Tard Inc., says he isn’t considering a hostile takeover bid for Seven & i Holdings Co. while keeping his proposal for a ¥7.3 trillion ($47.3 billion) buyout on the table, according to a Nikkei report.

Nissan Motor Co. Chief Financial Officer Stephen Ma is set to step down from his position, people with knowledge of the matter said, marking yet another executive change at a challenging time for the Japanese carmaker.

Nissan Motor Co. shares rose following news that Chief Financial Officer Stephen Ma is set to step down from his position, the latest executive to exit the carmaker during a challenging time.

The stock gained as much as 1% in early morning trading, though the shares are still down almost 35% this year.

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Hon Hai Precision Industry Co., the Taiwan-based manufacturer of iPhones and other electric products known as Foxconn, has approached Nissan Motor Co. to take a controlling stake, a person with knowledge of the matter said.

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Panasonic Holdings Corp. will embrace artificial intelligence technology across its hardware and software businesses and team up with Anthropic, one of the leaders in the industry, with the goal of boosting AI-related revenue to 30% in a decade, Chief Executive Officer Yuki Kusumi said.