JAPAN

Former Executives, Bankers Arrested over Olympus Fraud

Man looks at Olympus Corp digital cameras at an electronics store in Tokyo
Four months after one of Japan's biggest corporate scandals, police and prosecutors on Thursday arrested seven men, including the former president of Olympus Corp and ex-bankers, over their role in a $1.7 billion accounting fraud at the medical equipment and camera maker.
Apple's next iPad, presumably called "iPad 3," will double the display density of the iPad 2 and feature a better, longer-lasting battery.

iPad 3 Release Date: From Specs to Price Rumors (What we Know so Far)

Apple is a forerunner in the technology industry when it comes of design and innovation. Hence, it's not surprising to see the excitement among iPad fans reach a fever pitch especially as the latest wave of rumors suggests that the next generation Apple tablet, dubbed iPad 3, will be unveiled in the first week of March, possibly on March 7.Here's a rundown of the latest rumors about iPad 3 release date, specs and price - and what we think about them.
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Twisted Metal Movie: Top Five Other Films Based on Video Games [VIDEOS]

On the same day that the new Twisted Metal video game for the PS3 was released, Sony announced that its movie studio is planning to produce a Twisted Metal film. Brian Taylor, who directed Ghost Rider and Crank, is set to write and direct. The movie has no release date as of yet, but until then check out the trailers for the top five movies based on video games.
World Bank President Zoellick attends a session at the World Economic Forum in Davos

World Bank President? 5 Picks for Obama

President Barack Obama has the chance to change world economic development when he selects the next President of the World Bank, the outgrowth of World War II-era plans to use rich counties to spearhead economic growth.
A man walks past a logo of Alibaba (China) Technology Co. Ltd at its headquarters on the outskirts of Hangzhou

Yahoo-Alibaba Talks Reported at an Impasse

Talks between Yahoo Inc and China's Alibaba over the U.S. internet giant's Asian assets have hit an impasse, throwing their plans for a $17 billion tax-free asset swap into question, according to sources briefed on the situation.
A man walks past a logo of Alibaba (China) Technology Co. Ltd at its headquarters on the outskirts of Hangzhou

Yahoo-Alibaba Talks Called Off After Snags

Yahoo Inc and its Asian partners, China's Alibaba and Japan's Softbank Corp, have called off talks over a tax-free sale of the U.S. company's prized Asian assets, a source familiar with the situation told Reuters.
A man walks past a logo of Alibaba (China) Technology Co. Ltd at its headquarters on the outskirts of Hangzhou

Yahoo, Alibaba Tax-Free Deal Talks Crumble

Yahoo Inc and its Asian partners, China's Alibaba and Japan's Softbank Corp, have called off talks over a tax-free sale of the U.S. company's Asian assets, a source familiar with the situation told Reuters.
A picture illustration shows Japanese 10,000 yen notes featuring a portrait of Yukichi Fukuzawa, the founding father of modern Japan, taken in Tokyo

Yen Down against Dollar after Bank of Japan Easing

The yen fell on Tuesday as the Bank ofJapan eased monetary policy by expanding its asset-buying scheme, but the impact on the currency may prove short-lived while nagging worries over the euro zone crisis keep it supported as a safe haven.
Bank of Japan Governor Masaaki Shirakawa speaks during a news conference at its headquarters in Tokyo

BOJ Signals More Aggressive Policy, Sets Inflation Goal

The Bank of Japan boosted its asset buying program by $130 billion on Tuesday and in the face of political pressure set an inflation goal of one percent, signaling a more aggressive monetary policy to pull an ailing economy out of deflation.
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Nikkei Slips; Insurers Underperform

Japan's Nikkei share average slipped on Tuesday but still hovered near the 9,000 level, with non-life insurers underperforming after MS&AD Insurance Group Holdings (8725.T) cut guidance on heavy losses on the flooding in Thailand.
Olympus Corp President Shuichi Takayama bows after speaking at a news conference in Tokyo February 13, 2012. Japan's scandal-hit Olympus Corp on Monday forecast a $410 million full-year net loss due to its ailing camera business and tax asset writedo

Olympus Expects Net Loss, but Core Business Seen Unscathed

Scandal-hit Olympus Corp on Monday forecast a $410 million full-year loss due largely to its ailing camera operations, but strength in its endoscope business suggested its core division would emerge from the debacle unscathed and its president said it might try to go it alone without seeking outside capital.

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