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 by its former chief executive that it had paid improper M&A fees. The stock has lost about 45 percent since the shock dismissal of former CEO Michael Woodford on Friday. Woodford has told media he was sacked for questioning $680 million in payments to financial advisers in the purchase of Britain's medical equipment firm Gyrus in 2008, or one-third of the transaction price. The stock was down 3.2 percent at 1,372 yen, falling as much as 6.4 percent at one point and underperforming a 0.2 percent rise in Tokyo's electric machinery subindex . Click here for full story