INVESTMENT

Japan Aims to Bolster M&A Disclosure After Olympus

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Japan has signaled plans to strengthen disclosure rules on mergers and acquisitions after a $1.7 billion accounting fraud at Olympus Corp, one of the nation's worst corporate scandals, which involved a series of shady deals.
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Wells Fargo Fined $2 Million For Abetting Unscrupulous Investment Adviser

Wells Fargo & Co. (NYSE:WFC) was fined $2 million Thursday by the Financial Industry Regulatory Authority, a regulatory group that oversees investment advisers and other finance professionals, for neglecting to discipline an investment manager who became the firm’s top salesman of a certain kind of exotic investment instrument by forcing it on unwilling, elderly clients.
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Michael Kors

Michael Kors makes a glitzy market debut

Michael Kors Holdings Ltd stood out in its market debut, keeping pace with star technology sector IPOs and showcasing the resilience of the luxury market even in a gloomy economy.
Olympus CEO Michael Woodford

Olympus Ex-CEO Attacks Japanese Shareholders

The whistleblower in Japan's Olympus Corp scandal, ex-CEO Michael Woodford, blasted Japanese shareholders Thursday for failing to stand up for him, amid signs that domestic and foreign investors are split over his campaign to be reinstated.
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Foreign investment in China down first time in 28 months

China's economic growth could be slowing further as data on Thursday showed the first year-on-year drop in foreign direct investment in 28 months and a fresh fall in new orders signaled a further contraction in factory activity.
Olympus Corp President Takayama speaks at a news conference in Tokyo

Olympus Open to Rehiring Woodford, but Skepticism Reigns

Japan's disgraced Olympus Corp said Thursday it would consider reinstating its sacked CEO, Michael Woodford, but the gesture failed to erase doubts that it would ever rehire the foreigner who blew the whistle on its crooked accounts.
A Greek flag is reflected on a glass building damaged by recent civil unrest in central Athens

IMF Says Greece Must Move Faster on Reforms

The International Monetary Fund stepped up pressure on Greece on Wednesday, saying promised reforms were behind schedule in most areas and the delays were stalling recovery from years of recession.
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Pros Move Against Mom-and-Pop Investors in December: Report

Two reports released today show two groups, retail investors and professional asset managers, have been moving in markedly different directions in the past two weeks. The armchair stock pickers are getting out of U.S. equities while the pros are claiming they are dumping more cash into the American stock market.
Bottles of Coca-Cola, which will be delivered to stores, are seen in a warehouse at the Swire Coca-Cola facility in Draper, Utah

Coca-Cola buying stake in Saudi drink company

Coca-Cola Co (KO.N) is buying a stake in Saudi Arabia-based beverage company Aujan Industries for $980 million in what is seen as a bid to catch up with rival PepsiCo Inc (PEP.N) in the Middle East.

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