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Olympus shares surge as moment of truth approaches

Shares in Japan's disgraced Olympus Corp surged on Tuesday as investors bet that a probe into its scandal-ridden accounts would not turn up any nasty new surprises which could lead to the stock being delisted.
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Japan's Olympus faces moment of truth in accounting

The fate of Japan's disgraced Olympus Corp may become clearer on Tuesday, when it is expected to release the findings of an investigation into an accounting scandal that has threatened to bring the 92-year-old firm to its knees.
Dominique Miniere, head of EDF's nuclear operations in France, speaks during a news conference in Paris

Greenpeace Activists Break Into French Nuclear Plant

Breaking into a French nuclear power plant before dawn Monday, Greenpeace activists say they have exposed the vulnerability of the site as they unfurled a banner on one of its domes reading: Safe Nuclear Power Doesn't Exist.
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Nov service sector cools, factory orders fall

Growth in the U.S. service sector eased last month, and new orders for factory goods fell in October, tempering recent optimism that the U.S. economy may be poised for a more vigorous rebound.
Ferrari crash

Ferrari Crash in Japan 'A Gathering of Narcissists' [VIDEO]

In what is fast being called the world's most expensive car crash, no less than eight Ferraris, a Lamborghini and three Mercedes ended up in a massive 14-car pileup in Japan yesterday. Watch video of the pileup here, which began when one of the Ferarri drivers, almost all of whom were traveling above the speed limit, swerved into the right lane on the crowded freeway.
Facebook

Facebook 2011: Most Shared Articles of the Year

For instance, many among Facebook's 800 million users were interested in a dog mourning the death of a Navy SEAL killed in Afghanistan than they were in stories about troops being pulled out of Afghanistan. Anyway, here is the list from Facebook of its 40 most shared articles of 2011.

Top Stories of 2011: 10 Stories To Remember (Or Forget)

The mastermind of the 9/11 attacks on the U.S., bin Laden managed to hide out for almost a decade despite the world's most aggressive global manhunt and a $25 million reward for information leading to his capture or killing. On May 1, U.S. President Barack Obama decided to send a small U.S. force into a compound where Obama was believed to be hiding in Pakistan. Osama bin Laden was killed in the raid, and after DNA confirmation was buried at sea. Obama announced bin Laden's killing i...
U.S. Stock Market

U.S. Stock Market - Is Dow 12,000 the End or Beginning of a Rally?

You can't blame investors for feeling a bit hesitant regarding deploying new money in the U.S. stock market these days. Lingering concern about Italy's finances, along with below-trend U.S. GDP growth has created an uncertain U.S./Europe economic outlook. Where's the Dow likely to head in the next six months?
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Toyota to announce earnings forecast on Friday

Toyota Motor Corp <7203.T> will announce an earnings forecast on Friday for the financial year to March 2012, as it steadily restores production disrupted by Thai flooding that forced it to withdraw its outlook a month earlier.
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Japan's Olympus hid up to $1.7 billion

An investigative panel has found Japan's disgraced Olympus Corp hid up to $1.67 billion in losses from its investors, but is likely to say there is no evidence of involvement by organized crime in the cover-up, a source said Monday.
Asia Stock Markets

Nikkei, Asia Markets Close Mostly Higher Monday Before EU Summit

Most Asian stock markets ended steady to slightly firmer on Monday, though gains were capped by profit-taking in banking and commodities-related shares as investors waited to see if European leaders can deliver a solution to the region's debt crisis at a summit later in the week.
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Zynga rival Nexon's Tokyo IPO set at $1.2 billion

Online gaming firm Nexon Co fixed the price for its $1.2 billion initial public offering on Monday at the mid-point of a pre-set range, following U.S.-based rival Zynga in settling for a more conservative valuation amid tough stock market conditions.
Man Surgically Alters Appearance to Look Like Superman

Man Surgically Alters Appearance to Look Like Superman [PHOTOS & VIDEO]

Unfortunately, we humans have neither the extraterrestrial parentage of Superman nor are we entitled to such powers by any other means. However, 35-year-old Herbert Chavez of the Philippines didn't lose hope and made sure he was as the last son of Krypton, if not by birth then at least by appearance.
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World stocks up as crucial euro zone week kicks off

World stocks rose and demand for German government bonds slipped on Monday as confidence grew European leaders would make big strides in solving the euro zone's debt crisis at a crucial summit this week.
A man walks in front of the WIG20 index screen at the Warsaw Stock Exchange

Asian Stocks Firm on Eurozone Rescue Hopes

Asian shares and the euro steadied on Monday on hopes European leaders would agree on a definitive plan to solve the euro zone's debt crisis at a crucial summit this week, with sentiment also getting a lift from Italy unveiling austerity steps.
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Michael Kors Holdings Files for IPO

Michael Kors Holdings Ltd., the luxury fashion and accessories brand, has announced its decision to prepare an Initial Public Offering (IPO), in New York, hoping to raise about $900 million.
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Nikkei Rises but Gains are Capped by Caution on Europe

Japan's Nikkei stock average edged higher Monday to build on last week's hefty gains on improved sentiment about the European debt situation, but uncertainty about how markets will assess Italy's new austerity plan capped the upside.

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