TOKYO (Reuters) - Michael Woodford, the ousted boss of Japan's Olympus Corp, has won the battle to force his former employer to admit to more than a decade of accounting fraud. His bid to return as chief executive officer, however, appears doomed.Woodford has said major lenders to the maker of cameras and medical equipment will decide its fate - and those banks are already lined up behind Olympus managers, seemingly intent on slamming the boardroom door shut on him for good.Olympus' lenders...Read Full Story
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
WASHINGTON (Reuters) - Microsoft Corp hired as one of its lobbyists a former Federal Trade Commission lawyer who had access to "thousands" of confidential Google Inc documents, according to a source close to the situation.The software maker took on Randall Long, who led the FTC's investigation into Google's acquisition of AdMob, to be a lobbyist in its Washington office, according to both Google and Microsoft.The hiring, first reported by the Wall Street Journal, is the latest salvo in...Read Full Story
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 hit...Read Full Story
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
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