JAPAN

More deals in focus as Olympus scandal widens

People walk past a sign of Olympus Corp outside the company's showroom in Tokyo
As attention in the Olympus accounting scandal turns to whether funds used to cover up losses were funneled to criminal groups, scrutiny is set to increase on deals not yet in the spotlight, including an ill-fated $780 million investment in technology firm ITX.

Ex-VP of Olympus Questioned by Japanese Prosecutors: Media

A logo of Olympus Corp is seen behind a traffic signal outside of an electronic shop in Tokyo
Hisashi Mori, an ex-vice president of Japan's disgraced Olympus Corp., has been questioned by Japanese prosecutors on a voluntary basis as part of an investigation into an accounting scandal at the 92-year-old firm, media said Saturday.
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Mario Kills Tanooki

Mario Tanooki Update: PETA Just Joking

Apparently gamers just don't appreciate the People for the Ethical Treatment of Animal's wacky sense of humor. The animal rights activists recently attacked gaming icon, Mario, for wearing the Tanooki-suit, a mystical raccoon in Japanese culture. PETA's site proclaims that Mario Kills Tanooki, and alleged that figure sent the wrong message by wearing the suit.
Rice crop - Japan

Japan: Radioactive Rice Found on Fukushima Farm

Rice shipments have been stopped from leaving Japan after traces of radioactive Cesium above the safety level were found on the crop for the first time since the Fukushima nuclear plant meltdown.
Barack Obama Australia vist

U.S. 'Here to Stay' in Asia, Obama Says in Australia

President Barack Obama said Thursday the U.S. military will expand its role in the Asia-Pacific region despite budget cuts, declaring America was here to stay as a Pacific power which would help shape the region's future.
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Asian Shares Flat amid Europe Fears

Asian shares wobbled Thursday as doubts deepened about Europe's ability to stop its sovereign debt crisis from spinning out of control, with Germany and France split over the European Central Bank's bond buying role.
Visitors walk past Samsung Electronics' Galaxy Tab 10.1 tablets on display in Seoul

Samsung will Alter Tablet Design to Skirt German Sales Ban

Samsung Electronics said on Thursday that it would launch a redesigned version of its 10.1-inch Galaxy Tab model in Germany as early as this week to avoid a sales ban on the tablet, which a German court said violated Apple's patents.
Barack Obama Australia vist

Obama, in Australia, Announces Basing of Marines in Darwin

President Barack Obama and Australian Prime Minister Julia Gillard Wednesday unveiled plans for a deepening of the U.S. military presence in the Asia-Pacific, starting with thousands of U.S. Marines operating out of a de facto military base in the Australian port of Darwin.
Men walk past a sign of Olympus Corp outside the company's showroom in Tokyo

Olympus Preparing Legal Action Against Execs: Documents

Japan's disgraced Olympus Corp is preparing to take legal action, including possible criminal complaints, against any executives found responsible for the accounting scandal engulfing the firm, according to an internal staff email.
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China FDI Remains Strong, but Export Outlook Darkens

Foreign direct investment into China climbed nearly 16 percent in the first 10 months of 2011 from a year earlier as foreign investors continued to flock to the world's fastest-growing major economy despite the global economic malaise.
Saks Firth Avenue

What Recession? Luxury Brand Retailers Can Barely Keep Up With Consumer Demand

Upscale apparel and accessories retailers have been consistently outperforming the rest of the retail market, as they've been able to simultaneously roll back discounts and increase sales. A spike in sales for the most expensive of offerings, and at branded outlets, belies a more sinister reason for the surge: growing income inequality.
PETA believes Mario takes a “pro fur” stance” because he “wears the skin of a raccoon dog to give him special powers.”

Mario’s Raccoon Suit Enrages PETA

PETA has accused Nintendo's most famous mascot of being pro fur for wearing a raccoon suit in his new game, Super Mario 3D Land, released on Nov. 13.
People walk past a sign of Olympus Corp outside the company's showroom in Tokyo

Olympus Accounting Tricks Queried Back in 1990s

An investment banker raised concerns about dubious accounting at Japan's disgraced Olympus Corp as long ago as the 1990s, after he discovered it was using Bermuda-based funds to invent assets and patch up its balance sheet, he told Reuters.
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Australia court to hear Samsung-Apple case in March

An Australian court has agreed to hear in March a case brought by Samsung Electronics to ban sales of Apple Inc's latest iPhone, with sales allowed to continue as normal ahead of the full hearing on alleged patent infringements.
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Australian Court to Hear Samsung-Apple Case in March

An Australian court has agreed to hear in March a case brought by Samsung Electronics to ban sales of Apple Inc's latest iPhone, with sales allowed to continue as normal ahead of the full hearing on alleged patent infringements.

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