INVESTMENT

People walk past a signboard of Olympus Corp outside its showroom in Tokyo

Olympus Panel Clears Accounting Firms of Blame in Scandal

Accounting groups KPMG and Ernst & Young have been cleared of any responsibility for a $1.7 billion accounting fraud at Japan's Olympus Corp, one of the nation's worst corporate scandals, in a report issued on Tuesday by a panel of lawyers appointed by the company.
Tata Motors sales up 31 pct in December

Power Firms Top Executives to Meet PM Over Power Issues

Top executives from India's major power companies will meet Prime Minister Manmohan Singh on Wednesday to push for swifter action to improve access to coal and make it easier to get funding, acquire land and get environmental clearances.
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Hulu Challenges Cable with First Original Drama

Hulu, the popular online video service, has taken another step to becoming a full-fledged alternative to cable television by commissioning its first scripted original TV show to go live next month.
Republican presidential candidate and former Massachusetts Gov. Mitt Romney greets supporters after a campaign event at the University of South Carolina in Aiken, South Carolina January 13, 2012.

Attacks over Bain Capital Seen Making Mitt Romney's Campaign Stronger

Mitt Romney is being maligned as a vulture capitalist who enjoyed firing workers -- while amassing his own huge fortune -- but rivals' attacks on the former private-equity player's business record may be one of the best things that ever happened to his presidential campaign.
Romney Gingrich

Romney-Gingrich Spar: The 'King of Bain' Video Goes Viral on Internet

Newt Gingrich might have denounced the errors in a Super PAC (political action committee) advertisement on Mitt Romney and asked them to withdraw it, but the trailer and the documentary titled King of Bain - When Mitt Romney Came to Town is still going viral on the Internet. The ad in the form of a 28-minute documentary was released by Winning our Future, a Super PAC that supports Gingrich.
Seniors

Withdrawal Symptoms: What Happens When Baby Boomers Retire?

A whopping 44 percent of all mutual-fund shareholders are baby boomers, according to an Investment Company Institute report. As they take withdrawals from their retirement kitties over the next couple of decades, you're looking at a major, potentially market-altering event.
Wall Street sign

Wall Street drops on euro-zone downgrade chatter

U.S. stocks were on track to end the week with modest gains as major indexes pulled back from session lows after falling more than 1 percent on Friday on talk that Standard & Poor's was ready to downgrade ratings on several euro-zone countries.
London

Rich seek super-sized luxury London pads

London developers are shifting their focus toward super-sized luxury flats to keep pace with the growing wealth of overseas buyers seeking a safe haven for their cash, charging them up to 70 percent more for the privilege.
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JPMorgan Chase CEO Dimon Shuffles Executives

JPMorgan Chase & Co Chief Executive Jamie Dimon announced on Thursday that long-time colleague Jay Mandelbaum is leaving the company and that he is shifting the responsibilities of several operating executives.

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