JAPAN

Olympus ex-CEO campaigns to oust board

Olympus ex-CEO campaigns to oust board

Woodford, who blew the whistle on accounting tricks at Olympus after he was sacked in October, said he was putting together a team of candidates for a new board and talking to shareholders about replacing the current leadership, hopefully by February.
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California Creating More Jobs but Risks Remain: Economist

Wells Fargo Securities said California's labor market has shown some encouraging signs of improvement over the past three months, though jobs creation for much of the year has been a hit-or-miss venture.
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Key Takeaways from Salesforce.com's Cloudforce Event

Salesforce.com Inc. (NYSE: CRM) held its Cloudforce user event in New York City on Wednesday. The company formally launched its Social Marketing Cloud service and the AppExchange Mobile Site at the event.
European Central Bank President Draghi arrives at a Eurogroup meeting at the European Union council headquarters in Brussels

ECB Signals Readiness to Act to Save Euro

The new head of the European Central Bank signaled Thursday it was ready to take stronger action to fight Europe's debt crisis if political leaders agree next week on much tighter budget controls in the 17-nation euro zone.
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U.S. Stock Futures Signal Lower Open

Stock index futures pointed to a weaker open on Wall Street on Thursday, with futures for the S&P 500 down 0.5 percent, Dow Jones futures down 0.4 percent and Nasdaq 100 futures down 0.2 percent at 4:37 a.m. ET.
Former Olympus CEO Woodford speaks about an accounting scandal at the company during an event in Tokyo

Olympus Ex-CEO Campaigns to Oust Board, Reclaim Top Job

The former chief executive of disgraced Olympus Corp, Michael Woodford, launched a campaign on Thursday to oust the board of directors, reclaim his old job and bring in his own team to save the Japanese firm from a big accounting scandal.
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Olympus Ex-CEO Woodford Campaigns to Oust Board

The former chief executive of Japan's disgraced Olympus Corp, Michael Woodford, launched a campaign on Thursday to oust the board of directors, reclaim his old job and install his own team to save the firm from a big accounting scandal.
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Central banks act as euro zone crisis rages

The world's major central banks acted jointly on Wednesday to provide cheaper dollar funding to European banks facing a credit crunch as the euro zone's debt crisis drove EU ministers to urge more IMF help to avert financial disaster.
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Analysis: Central Banks Buy Wiggle Room, Not Solution

Central bank action on Wednesday to ease severe funding strains for the world's private sector banks may help cushion a brewing global credit crunch but it only buys some wiggle room for governments trying to resolve the euro debt crisis and keep banks lending.
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UNESCO 'Intangible Heritage' List: 19 Cultural Traditions in Danger of Extinction

The United Nations has announced that Mexican mariachi music, Chinese shadow puppetry and poetic dueling competitions in Cyprus are among several cultural traditions that are both crucial to a living culture and are at risk of dying out, prompting moves to protect and encourage their practice. UNESCO has placed 19 new items on the Intangible Heritage List.
Gold, silver and other precious metals soar

Precious Metals Prices, Mining Company Stocks Soaring

Precious metals prices jumped Wednesday, with palladium surging nearly five percent, after the world's top central banks announced a coordinated rescue of the Eurozone's rapidly deteriorating finances.
Oil sands opponents turn focus to Enbridge project

Oil sands opponents turn focus to Enbridge project

Enbridge Inc's proposed C$5.5 billion ($5.3 billion) pipeline to British Columbia poses a raft of environmental risks, according to a new report that signals the project will become the next battleground over the future of Canada's oil sands.
Eurozone

Is the Eurozone Set to Plunge Into Deep Recession?

The Eurozone seems all set to enter a period of deep recession, with the credibility of governments' ability to keep the region in balance under serious doubt. The Organisation for Economic Co-operation and Development (OECD) has already issued a warning that Eurozone and U.S. leaders must act urgently to stop their debt crises from spiralling out of control.

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