Japan's disgraced Olympus Corp is preparing to take legal action, including possible criminal complaints, against any executives found responsible for the accounting scandal engulfing the firm, according to an internal staff email.
Foreign direct investment into China climbed nearly 16 percent in the first 10 months of 2011 from a year earlier as foreign investors continued to flock to the world's fastest-growing major economy despite the global economic malaise.
Foreign direct investment into China climbed nearly 16 percent in the first 10 months of 2011 from a year earlier as foreign investors continued to flock to the world's fastest-growing major economy despite the global economic malaise.
Shares in Japan's disgraced Olympus Corp jumped on Wednesday on speculation that it can escape delisting over an accounting scandal and that the brunt of any punishment will be borne by a few executives rather than the firm itself.
In a recent tour of Capitol Hill and New York City, Alberta Premier Alison Redford stated Tuesday she hopes the Keystone Pipeline will play part of a larger integrated North American energy strategy.
The U.S. involvement in the Middle East has spiked since the 9/11 attacks. However, there are two big arguments for scaling it back.
Upscale apparel and accessories retailers have been consistently outperforming the rest of the retail market, as they've been able to simultaneously roll back discounts and increase sales. A spike in sales for the most expensive of offerings, and at branded outlets, belies a more sinister reason for the surge: growing income inequality.
Reports Tuesday suggest that rather than auction itself to the likes of Microsoft or Walt Disney or to a private equity investor such as Silver Lake Partners or Providence Equity Partners, Yahoo may try a PIPE.
PETA has accused Nintendo's most famous mascot of being pro fur for wearing a raccoon suit in his new game, Super Mario 3D Land, released on Nov. 13.
Rising Chinese purchases of platinum jewelry will boost global demand for the metal to a two-year high in 2011, a British consultancy said Tuesday.
An investment banker raised concerns about dubious accounting at Japan's disgraced Olympus Corp as long ago as the 1990s, after he discovered it was using Bermuda-based funds to invent assets and patch up its balance sheet, he told Reuters.
An Australian court has agreed to hear in March a case brought by Samsung Electronics to ban sales of Apple Inc's latest iPhone, with sales allowed to continue as normal ahead of the full hearing on alleged patent infringements.
Olympus Corp's creditors are not expected to demand changes in loan terms or take other abrupt steps and risk hurting their own interests when they meet company executives on Wednesday to grill them about the firm's huge accounting scandal, sources and analysts said.
An Australian court has agreed to hear in March a case brought by Samsung Electronics to ban sales of Apple Inc's latest iPhone, with sales allowed to continue as normal ahead of the full hearing on alleged patent infringements.
Recent findings have shown high levels of radioactive contamination in Japan, particularly in the eastern and north-eastern areas whereas the western parts have been sheltered by mountain ranges.
Asian shares fell on Tuesday, as a rise in euro zone bond yields reflected lingering doubts about the ability of politicians in Italy and Greece to push through painful reforms to resolve their debt crises and win market confidence.
Asian shares fell on Tuesday, as a rise in euro zone bond yields reflected lingering doubts about the ability of politicians in Italy and Greece to push through painful reforms to resolve their debt crises and win market confidence.
An investment banker raised concerns about dubious accounting at Japan's disgraced Olympus Corp as long ago as the 1990s, after he discovered it was using Bermuda-based funds to invent assets and patch up its balance sheet, he told Reuters.
The European debt crisis is raising the odds of a U.S. recession, with economic contraction more likely than not by early 2012, according to research from the San Francisco Federal Reserve Bank.
The reverberations of the Eurozone Crisis may hit the United States' shores, according to researchers at the Federal Reserve Bank of San Francisco. The group pegged the chance of a 2012 recession at over 50 percent.
The European debt crisis is raising the odds of a U.S. recession, with economic contraction more likely than not by early 2012, according to research from the San Francisco Federal Reserve Bank.
LEIPZIG, Germany, Nov 14 - Warning that Europe faced its toughest hour since World War Two, German Chancellor Angela Merkel urged her party to set aside its misgivings about the euro and accept closer political integration as a solution to the bloc's deepening debt crisis.