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Oct 18, 2011

Olympus under pressure to reveal details of deals

TOKYO, Oct 18 (Reuters) – Japan’s Olympus came
under more pressure to disclose details of payments made in a
series of acquisitions as its shares plunged for the third
straight day following the unexpected dismissal of its chief
executive last week.

British former CEO Michael Woodford has told media he
believes he was ousted for probing what he said were excessive
payments made in relation to the buyouts of British medical
equipment maker Gyrus and three small domestic firms.

Oct 18, 2011

Olympus under pressure to disclose details on deals

TOKYO (Reuters) – Japan’s Olympus (7733.T: Quote, Profile, Research, Stock Buzz) came under more pressure to disclose details of payments made in a series of acquisitions as its shares tumbled 6 percent on Tuesday in the third consecutive daily fall following the unexpected dismissal of its chief executive last week.

British former CEO Michael Woodford has told media he believes he was ousted for probing what he said were excessive payments made in relation to the buyouts of Britain’s Gyrus and three small domestic firms.

Oct 17, 2011

Olympus dives 24 percent, hit by payments reports

TOKYO (Reuters) – Shares in Olympus Corp plunged by a quarter on Monday after media reports quoted its ousted chief executive as accusing the board of firing him for probing allegations of improper payments related to acquisitions.

Michael Woodford, 51, was sacked just two weeks after the company had promoted the Briton from president with glowing reports on his performance.

Oct 17, 2011

Olympus shares dive 22 percent on corporate governance

TOKYO (Reuters) – Shares in Olympus Corp plunged 22 percent on Monday after media reports quoted its ousted chief executive as accusing the board of firing him for probing allegations of improper payments related to acquisitions.

The drop in the share price follows an 18 percent fall on Friday after the precision instrument and camera maker fired Michael Woodford, prompting a slew of brokerage downgrades.

Oct 14, 2011

Olympus fires British CEO, a self-confessed loud-mouth

TOKYO (Reuters) – Japan’s Olympus Corp fired its CEO and president over the Briton’s management of the camera and endoscope maker, sparking a 17 percent plunge in the firm’s share price on Friday.

Michael Woodford, 51, took over as president in April after 30 years at the company, becoming one of only a handful of non-Japanese to run a large Japanese corporation.

Oct 14, 2011

New iPhone goes on sale, fans say tribute to Jobs

SYDNEY/TOKYO (Reuters) – Apple Inc’s latest iPhone went on sale in stores across the globe on Friday, with fans snapping up the final gadget unveiled during Steve Jobs’ lifetime, many buying the phone as a tribute to the former Apple boss.

Hundreds of fans queued around city blocks in Sydney and Tokyo to be the first to get their hands on the iPhone 4S, which looks similar to the previous iPhone 4 but has a better camera, faster processor and well-received voice activated software.

Oct 13, 2011

Apple’s iPhone 4S goes on sale, fans say tribute to Jobs

SYDNEY/TOKYO, Oct 14 (Reuters) – Apple Inc’s iPhone
4S finally went on sale in stores around the globe on Friday,
with fans snapping up the final gadget unveiled during Steve
Jobs’ lifetime, many buying the phone as a tribute to the former
Apple boss.

“I think a lot of people are going to buy the iPhone 4S
because it was the last iPhone Steve worked on,” said Wil
Batterham, 15, who with his school friend Tom Mosca were the
first to buy the new phone in Sydney’s Apple store.

Oct 12, 2011

Canon seeing no sales downturn, eyes year-end

TOKYO, Oct 11 (Reuters) – Canon (7751.T: Quote, Profile, Research) has so far seen no
downturn in sales sparked by the European financial crisis, but
cannot predict its effect on the year-end shopping season, the
company’s chief financial officer told Reuters on Wednesday.

“We had a global meeting last week, involving the sales
heads from America, Europe and Asia,” Toshizo Tanaka said in an
interview at the company’s Tokyo head office. “At that point,
there were no pessimistic comments.”

Oct 12, 2011

Canon seeing no Europe-sparked sales downturn – CFO

TOKYO (Reuters) – Canon has seen no evidence so far of a downturn in sales sparked by the European financial crisis, but cannot predict its effect on the year-end shopping season, the company’s chief financial officer told Reuters on Wednesday.

“We had a global meeting last week, involving the sales heads from America, Europe and Asia,” Toshizo Tanaka said in an interview at the company’s Tokyo head office. “At that point, there were no pessimistic comments,” he said.

Oct 11, 2011

Sony sees “murky” holiday sales outlook

Tokyo (Reuters) – Sony Corp sees little cheer in the normally robust year-end shopping season amid global consumer gloom and has few options to cope with the euro’s tumble against the yen, a senior official said.

“Looking at Europe and North America overall, the outlook is murky,” Chief Financial Officer Masaru Kato told Reuters in an interview on Tuesday when asked about year-end sales. “We don’t see any reasons for optimism,” he said.