Topic: Olympus Corporation

Prosecutors raid Olympus over accounting scandal

TOKYO (Reuters) - Japanese prosecutors raided Olympus Corp and the homes of former executives on Wednesday over a $1.7 billion accounting scandal that has threatened the survival of the once-proud camera and medical equipment maker.Tokyo prosecutors, police and financial regulators have joined ...

Olympus units raided over accounting scandal: media

TOKYO (Reuters) - Japanese prosecutors raided Olympus Corp units on Wednesday in connection with a huge accounting scandal that has threatened the existence of the 92-year-old maker of cameras and medical equipment, Japanese media reported.A spokeswoman for the Tokyo district prosecutors office ...

Analysis: Olympus ex-CEO looks to be losing boardroom bid

TOKYO (Reuters) - Michael Woodford, the ousted boss of Japan's Olympus Corp, has won the battle to force his former employer to admit to more than a decade of accounting fraud. His bid to return as chief executive officer, however, appears doomed.Woodford ...

Ex-Olympus boss says close to picking alternative board

LONDON (Reuters) - Former Olympus Corp head Michael Woodford is close to releasing names of an alternative slate of directors for the board of the company, he told Reuters in an interview, as he fights to return at the helm of the ...

Olympus aims to tap Sony, others for $1.3 billion in new capital

(Reuters) - Olympus Corp is preparing to issue about $1.28 billion (100 billion yen) in new shares with Japanese high-tech stalwarts Sony and Fujifilm seen as likely buyers as it tries to bolster its depleted finances, the Nikkei business daily reported.The report ...

Japan aims to bolster M&A disclosure after Olympus scandal

TOKYO (Reuters) - Japan signaled plans to strengthen disclosure rules on mergers and acquisitions after a $1.7 billion accounting fraud at Olympus Corp, one of the nation's worst corporate scandals, which involved a series of shady deals.Financial Services Minister Shozaburo Jimi told ...

Japan aims to bolster M&A disclosure after Olympus

TOKYO (Reuters) - Japan signaled plans to strengthen disclosure rules on mergers and acquisitions after a $1.7 billion accounting fraud at Olympus Corp, one of the nation's worst corporate scandals, which involved a series of shady deals.Financial Services Minister Shozaburo Jimi told ...

Olympus ex-CEO attacks Japan investors as comeback bid struggles

TOKYO (Reuters) - The whistleblower in Japan's Olympus Corp scandal, ex-CEO Michael Woodford, blasted Japanese shareholders on Thursday for failing to stand up for him, amid signs that domestic and foreign investors are split over his campaign to be reinstated.Woodford, an Englishman ...

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 ...
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