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Berlusconi quit pledge lifts global stocks

Political changes at the top of two of the euro zone's most troublesome economies boosted world stocks on Wednesday as investors bet that new brooms may help ease the currency bloc's debt crisis.

Asian Markets and European Futures Rise on Berlusconi Departure

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European shares looked set to follow Asian equities higher Wednesday and the euro steadied after Italian Prime Minister Silvio Berlusconi said he would resign, raising hopes the debt-ridden country would proceed with reforms that may keep Europe's debt crisis from spreading.
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Adobe plans layoffs, overhaul to focus on digital

Adobe Systems Inc plans to lay off more than 7 percent of its workforce and take a charge of up to $94 million as part of a restructuring to focus on core businesses such as digital media and marketing.
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Olympus Corp's President Shuichi Takayama reacts at a news conference in Tokyo

Olympus Admits It Hid Losses for Decades

Japan's Olympus admitted on Tuesday it hid losses on securities investments dating back to the 1980s, bowing to weeks of pressure to explain a series of baffling transactions that have put the future of the firm in doubt.
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Toyota Q2 falls 32 percent, withdraws full-year forecast

Toyota Motor Corp <7203.T> posted a 32 percent drop in quarterly operating profit and withdrew its full-year profit forecasts as Thai floods pose a fresh threat to production while supply shortages from the March earthquake kept output low.
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Jitters Over Italy Depress Asian Markets

Asian shares wiped earlier gains and fell anew Tuesday, weighed by concerns that surging bond yields could stifle debt-ridden Italy's fund-raising ability and throw the euro zone deeper into financial turmoil, while Greece struggled to pick a new leader.
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Olympus: Acquisitions Used to Hide Investment Losses

Japan's Olympus admitted for the first time on Tuesday that controversial acquisitions had been used to cover up losses on securities investments dating back to the 1980s, succumbing to weeks of pressure that has battered the company's share price.
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Asian Shares up, but Italian Debt Worry Caps Gains

Asian shares rose Tuesday, but gains were capped by concerns that surging bond yields could stifle debt-ridden Italy's fund-raising ability and throw the euro zone deeper into financial turmoil, while Greece struggled to pick a new leader.
Passersby walk past the company logo of Olympus Corp. in Tokyo

Olympus Admits It Used Acquisitions to Hide Investment Losses

Japan's Olympus admitted for the first time on Tuesday that controversial acquisitions had been used to cover up losses on securities investments dating back to the 1980s, succumbing to weeks of pressure that has battered the company's share price.
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Olympus: Gyrus deal used to cover investment losses

Scandal-hit Olympus said on Tuesday it had found that funds related to its acquisition of British medical equipment maker Gyrus and of three domestic firms were used to cover losses on securities investments dating back to the 1990s.
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Olympus used M&A funds to cover investment losses

Scandal-hit Olympus said on Tuesday it has discovered that funds related to its acquisition of British medical equipment maker Gyrus in 2008 and of three domestic firms were used to cover losses on securities investments dating back to the 1990s.
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Boeing 787 Dreamliner hit by landing gear glitch

Boeing Co and All Nippon Airways <9202.T> are investigating a landing gear problem on the 787 Dreamliner, the first technical glitch reported since the new jetliner entered service less than two weeks ago, the airline said on Monday.

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