Olympus Corp

World Street | Crude oil slumps; Yen drops amid political turmoil; Olympus Corp plunges after CEO drug scandal; and more

From falling oil prices after Israel's retaliatory strike on Iran to Eli Lilly’s weight-loss drug launch in Hong Kong, here’s a look at recent business developments across the world.

Sony set for $642m investment in Olympus: Sources

Sony Corp will likely approve a plan this week to invest 50 billion yen in cash-strapped Olympus Corp, becoming its biggest shareholder with around a 10 percent stake, three sources familiar with the deal told Reuters.

Nikkei steadies; data boosts, eyes on Europe

Japan's Nikkei average rose on Wednesday, recovering further from Monday's six-month closing low as investors looked to policy makers to counter the euro zone crisis, and Australian and US data offered some positive news.

Panasonic to offer Olympus up to 50bn yen in capital: Kyodo

Panasonic Corp is making final arrangements to provide up to 50 billion yen in capital to scandal-hit Olympus Corp, Kyodo news agency reported on Wednesday, a move that will make Panasonic the company's top shareholder.

Olympus eyes fresh start, ex-CEO mulls legal threat

Shareholders of Olympus Corp approved a new board on Friday, hoping for a fresh start at the camera and medical device maker that hid USD 1.7 billion of investment losses in Japan's biggest corporate scandal in decades.

Too early say if it will invest in Olympus: Fujifilm

Japan's Fujifilm Holdings is watching developments at Olympus Corp, but it is too early to say if it will invest in the rival endoscope maker, a senior executive told Reuters in an interview on Monday.

Japan, slowly, waking up to the mess at Olympus

Japanese media interest has been muted, regulators are mostly mum and many politicians seem unaware anything is amiss.

Olympus share plunge extends into fourth day

Shares in scandal-hit Olympus Corp tumbled for a fourth straight day on Wednesday, adding to pressure on management to address allegations ...