Topic: Cameras

Olympus open to rehiring ex-CEO Woodford but skepticism reigns

TOKYO (Reuters) - Japan's disgraced Olympus Corp said Thursday it would consider reinstating its sacked CEO, Michael Woodford, but the gesture failed to erase doubts that it would ever rehire the foreigner who blew the whistle on its crooked accounts.The maker of ...

Shares in Japan's disgraced Olympus dive on balance

TOKYO (Reuters) - Shares in Japan's scandal-ridden Olympus Corp slumped almost 20 percent on Thursday after it corrected its accounts to reveal a dramatically weakened balance sheet, stoking talk that it might need to merge, sell assets or raise fresh capital.The maker ...

Olympus reveals $1 billion balance sheet hit

TOKYO (Reuters) - Japan's disgraced Olympus Corp ironed out its crooked accounts on Wednesday after a 13-year fraud, with a $1.1 billion dent in its balance sheet triggering speculation it will need to merge, sell assets or raise capital to repair its ...

Olympus reveals $1 billion balance sheet hit, stirs merger

TOKYO (Reuters) - Japan's disgraced Olympus Corp ironed out its crooked accounts on Wednesday after a 13-year fraud, with a $1.1 billion dent in its balance sheet triggering speculation it will need to merge, sell assets or raise capital to repair its ...

Woodford says would recapitalize Olympus within few months

TOKYO (Reuters) - Olympus Corp's ousted CEO Michael Woodford said on Wednesday he would recapitalize the camera and medical equipment maker within a few months if he returned and would favor investment by private equity or a rights issue to raise cash.He ...

Olympus reveals $1 billion balance sheet hit, stirs merger talk

TOKYO (Reuters) - Japan's disgraced Olympus Corp ironed out its crooked accounts on Wednesday after a 13-year fraud, with a $1.1 billion dent in its balance sheet triggering speculation it will need to merge, sell assets or raise capital to repair its ...

Olympus fixes crooked accounts; takeover talk resurfaces

TOKYO (Reuters) - Japan's disgraced Olympus Corp ironed out its crooked accounts on Wednesday, unwinding a 13-year fraud to reveal a $655 million dent in its balance sheet and igniting speculation it would need to merge or sell assets to repair its ...

Olympus fixes crooked accounts; takeover talk

TOKYO (Reuters) - Japan's disgraced Olympus Corp ironed out its crooked accounts on Wednesday, unwinding a 13-year fraud to reveal a $655 million dent in its balance sheet and igniting speculation it would need to merge or sell assets to repair its ...
Scandal-hit Olympus was expected to release its overdue earnings statement on Wednesday, as the camera and medical equipment maker raced to meet a deadline or risk being axed from Tokyo's stock exchange.The company, which has been embroiled in a loss cover-up scandal, ...

Former Olympus CEO returning to Japan: report

Former Olympus chief Michael Woodford will return to Japan on Tuesday, according to a report, on the eve of the deadline for the scandal-hit firm to file its accounts or risk a delisting from Tokyo's bourse.Woodford -- first ever non-Japanese president and ...