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Tokyo prosecutors quiz ex-Olympus president, others to follow

 From reuters.com
TOKYO (Reuters) - Three former executives of Japan's disgraced Olympus Corp face possible arrest this week over their role in a $1.7 billion accounting fraud at the maker of medical equipment and cameras, Japanese media said on Thursday. Japanese prosecutors began questioning one of the trio, ex-president Tsuyoshi Kikukawa , Jiji news agency said. Two others were also expected to be summoned, with arrests to follow if allegations against them are firmed up, the Yomiuri and Nikkei newspapers...Read Full Story

Olympus ex-president, others arrested: report

 From reuters.com
TOKYO (Reuters) - Three former executives of Japan's disgraced Olympus Corp were arrested on Thursday over their role in a $1.7 billion accounting fraud at the maker of medical equipment and cameras, Japanese media reported. Tokyo prosecutors arrested ex-President Tsuyoshi Kikukawa , former Executive Vice President Hisashi Mori and former auditor Hideo Yamada , Tokyo Broadcasting System Television and other media said. Prosecutors also arrested three former employees of a major brokerage who...Read Full Story

Nvidia's 1st-quarter outlook misses Street view

 From reuters.com
SAN FRANCISCO ( Reuters ) - Nvidia Corp's forecast for first-quarter revenue fell short of Wall Street expectations as the chipmaker wrestles with a tepid personal computer market and more competition in smartphones and tablets, sending its shares down sharply after hours. Anxious to move beyond its traditional business of designing graphics chips for PCs, Nvidia has jumped into mobile devices and late last year unveiled its new Tegra 3 processor. Nvidia has said it expects Tegra revenues to...Read Full Story

Tokyo authorities set to summon ex-Olympus executives: report

 From reuters.com
TOKYO ( Reuters ) - Japanese authorities are set to summon former Olympus Corp executives for questioning as early as today as part of an investigation into a cover-up of investment losses at the firm, the Yomiuri daily newspaper reported on Thursday. The authorities could arrest them if allegations of their involvement in the scandal are firmed up in questioning, the paper said. Ex-President Tsuyoshi Kikukawa, former Executive Vice President Hisashi Mori and former auditor Hideo Yamada will...Read Full Story

Yahoo-Alibaba talks called off after snags: source

 From reuters.com
(Reuters) - Yahoo Inc and its Asian partners, China's Alibaba and Japan's Softbank Corp, have called off talks over a tax-free sale of the U.S. company's prized Asian assets, a source familiar with the situation told Reuters. Collapse of the proposed deal -- referred to as a cash-rich split-off -- would mark the latest setback for an erstwhile Internet media giant now struggling to turn its business around and appease unhappy shareholders. The source, confirming a report by the influential...Read Full Story
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