- The Japanese insurer will retain existing management at the Birmingham, Ala.-based target
- The former CEO of Olympus Corp, whose revelations about irregular deals and payments exposed an accounting scandal at the camera and medical equipment maker, will return to Japan next week to meet police and authorities investigating the case.
- The former CEO of Olympus Corp, whose suspicions over dubious accounting triggered a scandal at the camera and medical equipment maker, will return to Japan next week to meet with police and authorities investigating the case.
- Dai-ichi Mutual Life Insurance said its IPO, Japan's biggest in 12 years, would raise as much as 1.1 trillion yen ($12 billion) at the top of a price range.
- Japan's biggest refiner, Nippon Oil Corp, plans to refine 4 percent less crude in June from a year ago, a company executive said on Friday, as domestic demand for oil products remains sluggish.
Global stocks close April on a high, Chrysler files for Bankruptcy. Financial centers in Europe and Asia closed for May day.Low liquidity saw sporadic and jittery price action in the markets this morning, even though most moves remained largely range bound.
- The WHO upped its Global alert from 4 to 5 – one short of a full blown pandemic yesterday, stating that this was a callout to all governments, pharmaceutical companies and families to take appropriate action to limit the extent of the pandemic.
- The dollar traded a mixed day yesterday as a flurry of economic data and a new program aimed at curbing the freefall of the housing market was announced by President Obama.