BRIEF-Takata files for bankruptcy protection in Japan - Kyodo
* Takata files for bankruptcy protection in Japan - Kyodo Source text for Eikon: Further company coverage:
May 11 Department store operator Macy's Inc reported a 39 percent drop in quarterly profit, hurt by a decline in sales and as higher inventory weighed on margins.
The company's shares dropped 7 percent in premarket trading on Thursday.
Net income attributable to Macy's shareholders fell to $71 million, or 23 cents per share, in the first quarter ended April 29, from $116 million, or 37 cents per share, a year earlier.
Sales at stores open at least a year, including sales in departments licensed to third parties, fell 4.6 percent, steeper than the 3.5 percent drop expected by analysts polled by research firm Consensus Metrix. (Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Savio D'Souza)
WILMINGTON, Del., June 25 Takata Americas, the U.S. unit of Japan's Takata Corp, filed for Chapter 11 bankruptcy protection in the United States on Sunday, facing billions of dollars in liabilities stemming from its defective air bag inflators.
* Takata board held meeting this morning in Tokyo - Japan media