Japanese camera maker Olympus Corp beat the deadline for an automatic delisting after it reposted five years of earnings, which showed a $1.1 billion loss and ignited merger speculation.
Japan's disgraced Olympus Corp ironed out its crooked accounts on Wednesday, unwinding a 13-year fraud to reveal a $1.1 billion dent in its balance sheet and igniting speculation it would need to merge or sell assets to repair its finances.
Japan's disgraced Olympus Corp ironed out its crooked accounts Wednesday, unwinding a 13-year fraud to reveal a $655 million dent in its balance sheet and igniting speculation that it would need to merge or sell assets to repair its finances.
Chicago-based Boeing Co. has landed a large order for the fuel-efficient version of the 737 MAX jets. The order, valued atr $19 billion, is from Southwest Airlines and is believed to be the biggest in the company's history, both in terms of the number of planes and their list price value.
Jefferies Group Inc. (JEF), a mid-market pure play investment bank that has been battered for weeks by a steady feed of negative rumors, has more bad news to share. The firm is slashing 11 percent of its workforce, mainly in its equities division, as investors remain skeptical about the company’s ability to stay independent.
Acura said Monday it would unveil three brand new vehicles at next month's North American International Auto Show in Detroit, an aggressive push for a brand looking to climb in the luxury-vehicle market.
The city of Chicago said on Tuesday that it would vigorously defend a lawsuit filed by the Federal Housing Finance Agency (FHFA), which challenges an ordinance regulating the maintenance of vacant properties.
The contract that established Apple as a corporate entity in 1976 sold at auction on Tuesday for $1.59 million, 10 times its estimated price, two months after the death of high-profile co-founder Steve Jobs.
This December, Santa may well deliver more than just candy or coal to the entrepreneurs of Silicon Alley startups. If 2011 has been any indication, more money than ever before is being dumped into the coffers of New York-based high tech firms. For example, consider the following deals that have just happened:
Apple's purchase of Anobit, an Israeli maker of Flash chips, likely means the iPhone 5 will greatly improve its memory storage capabilities.
Chrysler released an interior preview Tuesday of its 2013 Dodge Dart, the car the company hopes will help reinvigorate its standing in the compact-car market.
Activist investor Daniel Loeb, who already owns 5.2 percent of Yahoo, sent another letter to the company. This time, he demanded to see a list of prospective bidders.
The U.S. Department of the Interior on Wednesday will open up the first sale of Gulf Coast leases. The offering has garnered a larger list of players than during the previous sale.
Republicans raised concerns on Tuesday over the Obama administration's nominee to head the Federal Housing Administration (FHA), as a possible bailout for the agency looms.
This is the first in a series of Studio Report Cards from TheWrap. First up, Warner Bros.
Three deer hunters have been detained, one of them having been arrested on suspicion of trespassing, for possibly shooting two male students participating in outdoor basketball tryouts at Harwell Middle School in south Texas on Monday, according to the Los Angeles Times. Hidalgo County Sheriff Lupe Trevino told The Associated Press that authorities have theorized that the two were hit by errant or stray bullets fired from hunting pastures near the school.
Archstone, the national multifamily giant in the midst of an ownership struggle, announced on Tuesday it had purchased a Manhattan apartment tower for $131 million.
Munich-based Siemens AG in 2008 pled guilty to violating the Foreign Corrupt Practices Act in bribing government officials in Argentina to secure a billion-dollar national identification card project contract.
Apple introduced its various music services to Brazil and Latin America on Tuesday, including the iTunes Store, iCloud and iTunes Match services.
A rumor that Verizon will buy Netflix is flying around, pushing up Netflix shares by 6.2 percent to $75.26 on Monday. The stock continues to rise Tuesday, with Netflix trading up $1.20 to $76.16 in early-afternoon trading.
AT&T Inc and Sprint Nextel Corp asked a U.S. court on Tuesday to delay hearings in their private litigation over whether the telecommunications giant can buy T-Mobile USA, and the judge promptly agreed.
Diamond Foods said Tuesday that it would miss its fiscal first-quarter filing deadline because of an ongoing investigation by its own audit committee into how the company accounted for payments to walnut growers.
Facebook launched a suicide prevention program with the Lifeline Tuesday, which will give troubled users an ability to chat with crisis experts 24 hours a day.
The Chinese government has allowed the iPhone 4S to be sold in mainland China and could be in stores by mid-December in time to bring in big bucks for the Christmas holiday.
ConocoPhillip's Bohai Bay oil spill may be over, but like its British counterpart in the Gulf of Mexico, the U.S. super major's Chinese subsidiary has not seen the end of litigation in the wake of its Chinese spill.
Morgan Stanley (MS) is taking a step back to reach a mutually beneficial settlement with bond insurance firm MBIA. The investment bank announced Tuesday that it's willing to take a pre-tax loss of $1.8 billion in the current quarter to resolve outstanding legacy exposures.
People who knew recent Virginia Tech gunman Ross Ashley have painted polarizing pictures of his personality and attitude, which makes his motive for his killing even that much more mysterious.
Canada on Monday became the first country to announce it would withdraw from the Kyoto protocol on climate change, dealing a symbolic blow to the already troubled global treaty.
The New York-based telecommunications company must pay up to $11 million a month in royalties to ActiveVideo for providing video-on-demand service found to violate patents, U.S. District Court Judge Raymond Jackson ruled last month in Norfolk, Va.
In what is one of the oil and gas industry's largest financing project, ExxonMobil and Qatar Petroleum officials announced they have amassed $10.4 billion for a gas project in that country.
