COMPANIES

Canon Earnings Outlook Falters, President Steps Down

Canon digital cameras are displayed at the company's showroom in Tokyo
Canon's 76-year-old chairman and CEO will take on the additional role of president after the $60 billion Japanese camera and printer maker forecast weak earnings growth and said its current president was stepping down.
Convicted Criminals Use Facebook to Taunt Victims' Families

Facebook to File for $10-Bln IPO: Is $100-Bln Valuation for the Company Appropriate?

Facebook Inc., the world's largest social networking site, is getting closer to its initial public offering this week as the company is reportedly planning to file papers with the U.S. financial watchdog on Wednesday. Speculation is rife that the social media giant is aiming to raise about $10 billion, which would value the company at between $75 billion and $100 billion.
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Water Leak at Fukushima Suspends Cooling Operation

Japan's stricken Fukushima nuclear power plant has leaked more than 600 liters of water, forcing it to briefly suspend cooling operations at a spent-fuel pond over the weekend, but none is thought to have escaped into the ocean.
The logo of Swiss bank UBS can be seen outside its New York office

Regulators Weigh Action on Huge UBS Trading Loss: Report

Regulators in Britain and Switzerland may take steps against bank UBS for shortfalls in oversight that allowed an alleged rogue trader to run up a huge loss, the Wall Street Journal reported on Sunday, citing sources familiar with the matter.
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ABB Reported Near $4B Deal for Thomas & Betts

Swiss engineering company ABB (ABBN.VX) was near an agreement Sunday to acquire U.S. manufacturer Thomas & Betts Corp (TNB.N) for about $ 4 billion, the Wall Street Journal reported, citing people familiar with the matter.
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U.S. Government Invalidates Potent Rambus Patent

The last of three patents that tech licensing company Rambus (RMBS.O) used to win infringement lawsuits against Nvidia Corp (NVDA.O), Hewlett-Packard (HPQ.N) and others has been declared invalid, according to legal documents.
Research in Motion CEO Thorsten Heins is pictured during an interview with Thomson Reuters in New York, January 27, 2012.

RIM CEO Eyes 'Ssignificant' Plans for BlackBerry

Research in Motion's Thorsten Heins plans to waste no time in his new job. The BlackBerry maker's chief executive said he will present the board with his plan for company's future in just a matter of weeks.
Convicted Criminals Use Facebook to Taunt Victims' Families

Facebook to File IPO Documents Soon: Report

Facebook plans to file documents as early as Wednesday for a highly anticipated IPO that will value the world's largest social network at between $75 billion and $100 billion, the Wall Street Journal cited unidentified sources as saying on Friday.
A realtor and bank-owned sign is displayed near a house for sale in Phoenix, Arizona, January 4, 2011.

Obama Administration Acts to Bolster Homeowner Lifeline

The U.S. administration on Friday expanded its main foreclosure-prevention program and pushed to open it to those with loans backed by mortgage giants Fannie Mae and Freddie Mac, a move that could meet resistance from their regulator, the Federal Housing Finance Agency.
Research in Motion CEO Thorsten Heins is pictured during an interview with Thomson Reuters in New York, January 27, 2012.

RIM's New CEO Preps 'Significant' Plans for BlackBerry Maker

Research In Motion Ltd.'s Thorsten Heins plans to waste no time in his new job. The BlackBerry maker's CEO said he will present the board with his plans for company's future in just a matter of weeks. The German-born executive, who took over last weekend, said his plans for RIM would be significant.
Former McKinsey chief and ex-Goldman Sachs director Rajat Gupta (C) exits the Manhattan Federal Court with his lawyers after attending a pre-trial hearing on insider-trading charges in New York January 5, 2012.

Berkshire, Goldman Names Surface in Rajat Gupta Case

The names of a top executive at Berkshire Hathaway Inc. and a board member at Goldman Sachs Group Inc. surfaced on Friday as potential witnesses in the insider-trading trial of Rajat Gupta, a former director of Goldman, the Procter & Gamble Co., and other companies.

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