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Olympus Corp President Kikukawa speaks during a news conference in Tokyo

Olympus Shares Surge after Chief Quits

Olympus Corp's shares surged in brisk trade on Thursday after its chairman and president quit and his successor said he would explain past M&A deals at the heart of a scandal that wiped out half of the firm's market value.

European Leaders Agree to 50% Writedown on Greek Debt

Greece's Prime Minister George Papandreou arrives at a news conference at the end of a euro zone summit in Brussels
European leaders agreed Thursday morning that banks and other major investors in Greek bonds must take losses of up to 50 percent to prevent a Greek government default. The rescue fund is a response to global pressure to lower Greece's debt burden and attempt to contain the spreading debt contagion that threatens the euro zone.

Olympus Sticks to Defense of M&A Deals

Olympus Corp. newly-appointed President Takayama attends a news conference in Tokyo
Japan's Olympus Corp on Thursday stuck to its defense of deals that have come under fire since the 92-year-old firm axed its British CEO in a bitter boardroom battle, repeating that the acquisitions were strategic and involved no wrongdoing.
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Occupy Oakland Protestors Will 'Retake' Plaza: Mayor, Police Blamed for Violence

Occupy Oakland protestors will attempt to retake Ogawa Plaza again tonight, following the news that an Iraq war veteran was severely injured during a violent clash between police and protestors last night. As Mayor Quan is threatened with recall and mass arrests spread through occupied zones in the U.S., will the Oakland riots' violence spread?
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New York Creates Sex Offender Facebook App

Whether they are on the social network or not, New York's convicted sex offenders have de facto Facebook profiles, as the state has released a Facebook app that gives access to its sex offender registry.
Fred Perry Unveils Amy Winehouse’s Final Collection.

Amy Winehouse Killed by Alcohol: 'Rehab' Singer Joins '27 Club' [VIDEO]

Coroner Suzanne Greenaway's report shows Winehouse consumed five times the legal drink-drive limit of alcohol before she died. Winehouse's death at 27 puts her in the company of more than 30 musicians to die by drug overdose of acute alcohol poisoning at the age of 27. Look back with us at ten of the most famous members of the infamous 27 Club, and some of their most iconic performances.
Olympus Corp President Kikukawa speaks during a news conference in Tokyo

Olympus chairman quits; Japan watchdog probes firm

Olympus Corp head Tsuyoshi Kikukawa resigned on Wednesday after a scandal over hefty advisory fees wiped out half of the 92-year-old firm's market value while his successor stuck with the company's line that it had done nothing wrong.

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