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Sony's PlayStation 3

Sony Stands by PS3 Sales Target for 2011/12

Sony Corp said it was keeping to its target to sell 15 million PlayStation 3 game machines in the year to end-March, even as a long-running debt crisis grips Europe, one of the Japanese electronics group's most important markets.

Olympus Open to Rehiring Woodford, but Skepticism Reigns

Olympus Corp President Takayama speaks at a news conference in Tokyo
Japan's disgraced Olympus Corp said Thursday it would consider reinstating its sacked CEO, Michael Woodford, but the gesture failed to erase doubts that it would ever rehire the foreigner who blew the whistle on its crooked accounts.

Top 10 Economic Predictions for 2012 from IHS

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Economic growth across the world will slow in 2012 due to the problematic combination of private-sector deleveraging, public-sector austerity and the lack of confidence in political leaders' ability to navigate these situations according to IHS, a leading macro-economic consultancy.
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European Debt Woes Prompt Year-End Flight from Risk in Asia

Asian shares fell into bear market territory for the year and commodities and the euro nursed stinging losses Thursday, after fears that Europe's debt crisis is still worsening prompted investors to dump riskier assets and huddle in the safety of the dollar and Treasuries.
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Olympus Corp's former CEO Woodford speaks to a reporter upon his arrival at Haneda airport in Tokyo

Olympus Reveals $1 Billion Hit to Balance Sheet

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.
Olympus Corp's former CEO Woodford speaks to a reporter upon his arrival at Haneda airport in Tokyo

Olympus Fixes Crooked Accounts amid Takeover Talk

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.
A man looks at a stock quotation board outside a brokerage in Tokyo

Stocks and Euro Fall After Fed Rejects New Stimulus

Asian shares drifted lower and the euro idled near an 11-month low on Wednesday after the Federal Reserve failed to take any new steps to stimulate growth and offset the chilling effects of Europe's still-unresolved sovereign debt crisis.
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China considers Seychelles port offer, denies base plan

China will consider turning to the Seychelles as a resupply port for navy ships taking part in anti-piracy operations off Africa, official media said, rejecting suggestions this would amount to a military base that could unsettle the region.
Former Olympus Corp CEO Michael Woodford speaks to reporters upon his arrival at Haneda airport in Tokyo

Deadline Time as Japan's Olympus struggles to Survive

Japan's scandal-ridden Olympus Corp faces one of its biggest challenges to survive as an independent company on Wednesday, when it must meet a deadline to file its second-quarter results or be delisted from the Tokyo stock exchange.
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Samsung Galaxy Nexus: Top 4 Contenders

The highly anticipated Samsung Galaxy Nexus has been released in the UK, Japan and Canada, while customers in the United States have been eagerly awaiting its release. The latest Google Android phone will runs only on the Verizon network and is rumored to be hitting stores in U.S. on Dec. 15.
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Price fixing or good manners? Jury might decide

As the Department of Justice gears up for a rare criminal trial against a publicly traded company, the Taiwanese defendant wants to argue that prosecutors just don't get Asian business culture.
Passersby walk in front of an electric board displaying movements of the Japanese yen's exchange rate against the U.S. dollar outside a brokerage in Tokyo

Stocks, Euro Hit as Possible Europe Downgrades Loom

Asian stocks sank on Tuesday and the euro languished near a two-month low as investors took fright at the prospect of mass euro zone sovereign ratings downgrades after the outcome of a last chance European Union summit failed to convince markets.
Greenpeace activists hold a mock party opposite the venue where the United Nations Climate Change Conference (COP17) is being held, in Durban December 10, 2011.

Durban deal may do little to cool heating planet

The world is forecast to grow hotter, sea levels to rise, intense weather to wreak even more destruction and the new deal struck by governments in Durban to cut greenhouse gas emissions will do little to lessen that damage.
Hyundai Elantra

U.S. Auto Sales Jumped 7 Percent in November: Report

Chrysler and Hyundai led the way for strong automotive sales in the United States in October, as sales continue to rebound from recession slumps, according to analysis from the Great American Group released Monday.

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