Olympus

A senior executive of scandal-wracked Japanese firm Olympus has been found dead in a children's park outside his flat near New Delhi in an apparent suicide, according to Indian media reports.

Feb 18 - Former Olympus Corp <7733.T> president Tsuyoshi Kikukawa aided the firm in securing 70 billion yen, a part of which was allegedly used to conceal massive investment losses, the Nikkei business daily reported, citing unnamed sources.

LONDON/TOKYO (Reuters) - Western investors in Japan's disgraced Olympus have accused its banks of trying to take control of the boardroom by stealth, amid media reports that the firm's major creditors are set to install their own appointees in the top jobs.

LONDON/TOKYO (Reuters) - Western investors in Japan's disgraced Olympus have accused its banks of trying to take control of the boardroom by stealth, amid media reports that the firm's major creditors are set to install their own appointees in the top jobs.

LONDON/TOKYO (Reuters) - Western investors in Japan's disgraced Olympus have accused its banks of trying to take control of the boardroom by stealth, amid growing signs that the firm's major creditors are considering installing their own appointees in the top jobs.

The former president of under-fire Olympus has been arrested in Tokyo, prosecutors said Thursday, the latest twist in one of the biggest ever financial scandals to rock corporate Japan.

The former president of under-fire Olympus has been arrested in Tokyo, prosecutors said Thursday, in one of the biggest ever financial scandals to rock corporate Japan.

The former president of scandal-wracked Olympus has been arrested in Tokyo over a massive financial cover-up at the firm, Japanese media reported Thursday.

The president of Olympus on Monday promised changes at the company as it seeks to start afresh after a year in which it was hit by an accounting scandal that tarnished the image of corporate Japan.

Scandal-hit Olympus on Monday reported a net loss of 33.08 billion yen ($426 million) for the nine months to December amid a massive accounting cover-up that has tarnished the image of corporate Japan.

TOKYO (Reuters) - Scandal-hit Olympus Corp on Monday forecast a $410 million full-year loss due largely to its ailing camera operations, but strength in its endoscope business suggested its core division would emerge from the debacle unscathed and its president said it might try to go it alone without seeking outside capital.

Japanese tech giant Sony more than doubled its full-year net loss forecast to $2.9 billion on Thursday, as outgoing president and CEO Howard Stringer admitted making errors but sought to defend his legacy.

Japanese film and camera maker Fujifilm has offered scandal-hit Olympus a capital and business tie-up, it said Monday as it announced a slump in third-quarter profits.

(Reuters) - When Anders Aslund, a Swedish economist who has studied and advised most of the leaders in the former Soviet Union, visited Kiev in late 2004, at the height of the Orange Revolution, he returned to his office in Washington, D.C., with a surprising observation. Most reports depicted the Orange Revolutionaries, with their determined, subzero encampment of the capital city's central square, either as western Ukrainians rebelling against the government's pro-Russian stance, or as idealistic students who were unwilling to stomach political repression. Both characterizations were true, but Aslund saw a third dynamic at play. The Orange Revolution, he told me, was the rebellion of the millionaires against the billionaires. Ukraine's crony capitalism worked extremely well for the small, well-connected group of oligarchs at the very top, but it was stifling the emerging business class. This ambitious haute bourgeoisie was finally fed up and it was fighting for more equitable rules o

When Anders Aslund, a Swedish economist who has studied and advised most of the leaders in the former Soviet Union, visited Kiev in late 2004, at the height of the Orange Revolution, he returned to his office in Washington, D.C., with a surprising observation. Most reports depicted the Orange Revolutionaries, with their determined, subzero encampment of the capital city's central square, either as western Ukrainians rebelling against the government's pro-Russian stance, or as idealistic students who were unwilling to stomach political repression. Both characterizations were true, but Aslund saw a third dynamic at play. The Orange Revolution, he told me, was the rebellion of the millionaires against the billionaires. Ukraine's crony capitalism worked extremely well for the small, well-connected group of oligarchs at the very top, but it was stifling the emerging business class. This ambitious haute bourgeoisie was finally fed up and it was fighting for more equitable rules of the game.

A group of Japanese shareholders have filed a lawsuit against disgraced Olympus, demanding $2.9 million for investment losses after a huge accounting scandal depressed the firm's shares.

Japanese electronics giant Sony is in talks to take a stake of up to 30 percent in Olympus as the camera firm looks to shore up its finances after a $1.7 billion cover-up scandal, a report said Tuesday.

After British whistleblower Michael Woodford was sacked as CEO of Olympus and revealed the Japanese firm had covered up losses of $1.7 billion, he mounted a campaign to get his job back.

The Tokyo bourse will keep the shares of Olympus listed despite a scandal that has tainted global confidence in Japanese corporate governance, the stock exchange said on Friday.

TOKYO (Reuters) - The operators of Japan's quake-crippled nuclear power plant looked inside one of the ruined reactors for the first time Thursday using an endoscope.