JAPAN

Japan probes Olympus organized crime link: media

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Japanese prosecutors are to question a former president of disgraced Olympus Corp over an accounting scandal at the camera and medical device maker, as investigators probe for possible involvement of organized crime, media reports said on Friday.

Shares fall, dollar firms on Europe funding

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Asian shares fell for a fourth day in a row and the dollar firmed on Friday as Europe's funding difficulties intensified, with Spanish borrowing costs hitting an unsustainable level and premiums for dollar funds rising further.
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Salesforce.com shares drop on tepid outlook

Web-based software maker Salesforce.com Inc forecast current-quarter earnings broadly in line with Wall Street estimates and posted a quarterly net loss as its marketing and sales costs increased sharply.
Rice crop - Japan

Japan: Radioactive Rice Found on Fukushima Farm

Rice shipments have been stopped from leaving Japan after traces of radioactive Cesium above the safety level were found on the crop for the first time since the Fukushima nuclear plant meltdown.
Coach Store

Chinese Tourists on Global Luxury Spending Spree Driving Revenue at U.S. Retailers

In what appears to be a rapidly developing trend, Chinese visitors to the United States are being noticed more for the flash of their newly-bought designer bags than that of their Nikons. Tiffany & Co. (NYSE:TIF), Coach, Inc. (NYSE:COH) and Ralph Lauren (NYSE:RL) are just a few of the companies in the luxury retail sector that have recently noted how higher revenue at their North American operations has largely been boosted by Chinese shoppers on vacation.
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Auto sales rate may be 14 million by mid-2012: study

U.S. auto sales may have their strongest month of 2011 in November, spurred by consumers' growing need to replace aging cars and trucks and a wider selection on dealer lots, according to a study released on Thursday.
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Olympus ex-CEO to return to Japan, top shareholder cuts stake

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.
Barack Obama Australia vist

U.S. 'Here to Stay' in Asia, Obama Says in Australia

President Barack Obama said Thursday the U.S. military will expand its role in the Asia-Pacific region despite budget cuts, declaring America was here to stay as a Pacific power which would help shape the region's future.
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Asian Shares Flat amid Europe Fears

Asian shares wobbled Thursday as doubts deepened about Europe's ability to stop its sovereign debt crisis from spinning out of control, with Germany and France split over the European Central Bank's bond buying role.
Visitors walk past Samsung Electronics' Galaxy Tab 10.1 tablets on display in Seoul

Samsung will Alter Tablet Design to Skirt German Sales Ban

Samsung Electronics said on Thursday that it would launch a redesigned version of its 10.1-inch Galaxy Tab model in Germany as early as this week to avoid a sales ban on the tablet, which a German court said violated Apple's patents.
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Wall Street falls, eyes banking contagion

Stocks fell on Wednesday, with selling accelerating late in the session on more warnings about the potential impact of the euro zone's debt crisis on the global economy and the banking system.
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Olympus plans $3.4 billion debt reduction: report

Japan's disgraced Olympus Corp may sell assets to help pay down $3.4 billion in debt under a plan aimed at keeping the support of lenders in its battle to survive an accounting scandal, the Nikkei business daily said on Thursday.
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Wall St. falls as Europe offsets U.S. gains

Stocks fell on Wednesday as warnings about the impact of Europe's debt crisis on the global economy kept investors cautious, but optimism about the U.S. economy limited losses.
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Wall Street lower after new warnings on Europe

Stocks fell early Wednesday as policymakers warned Europe's debt crisis posed dangers to the global economy and on signs the contagion was starting to spread to larger European nations.

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