MANAGEMENT

Olympus ex-CEO lands in Tokyo for showdown

Former CEO of Olympus Corp Woodford is seen through a space between the television camera crew at Narita International Airport
Former Olympus Corp CEO turned whistle-blower Michael Woodford touched down back in Tokyo on Wednesday for a meeting with investigators probing one of Japan's biggest accounting scandals and a showdown with the board that threw him out.

Olympus ex-CEO lands for showdown, says police can

Former CEO of Olympus Corp Woodford is seen through a space between the television camera crew at Narita International Airport
Former Olympus Corp CEO turned whistle-blower Michael Woodford touched down back in Tokyo on Wednesday for a meeting with investigators probing one of Japan's biggest accounting scandals and a showdown with the board that threw him out.
Gold pellets

Freeport-McMoRan, Indonesian Union in Wage Talks

Freeport McMoRan Copper & Gold and its Indonesian union are discussing a possible pay deal to end a three-month strike that has crippled output from the world's second biggest copper mine, which would double pay for some skilled workers.
More news
Netflix

Netflix Shares Hits 52-Week Low as Wheels Come Off Web 3.0 Party Wagon

The collapse in Netflix's valuation is part of a wider wave of grievous losses being felt by shares of companies focused on virtual commerce. After riding a surge of investor enthusiasm to valuation peaks in mid-summer,companies like Netflix and Travelzoo had nowhere to go but down. Short-sellers, chomping at the bit to make bets against the stocks' heady fundamentals, are not exactly helping.
A Bank of America customer leaves a banking branch in Charlotte, North Carolina

Regulators Warn BofA to Strengthen: Report

U.S. regulators have informed Bank of America's board that the company could face public enforcement action if they aren't satisfied with recent steps taken to strengthen the bank, The Wall Street Journal said, citing people familiar with the situation.
IBTimes Logo

Acer Eyes 20-25% China Sales Growth in 2012

Taiwan's Acer Inc, the world's No.4 PC vendor by sales, expects its recent integration with Founder Technology and increased brand acceptance to help grow its China sales by between 20-25 percent next year, said the firm's head of China operations.
Lady Gaga

Lady Gaga’s Father Receives Half of Her Money

Lady Gaga might've written a love song called Paparazzi, but her true love is apparently her real-life papa, who the New York Post reported Sunday receives half of the pop icon's earnings. For as good a relationship as Joe Germanotta's had with his daughter, one source remarked that all that dough she raked in for scoring hits like Born This Way did nothing to hurt it.
IBTimes Logo

AIB sells asset mgr to S. Africa'S Prescient

State-controlled Allied Irish Banks (AIB) has sold its Dublin-based asset management arm to South African investment management firm Prescient Holdings for an undisclosed sum, AIB said on Monday.
Yukon territory south of Whitehorse

Gold Prices Tumble More Than 2%

Gold dropped more than 2 percent on Monday, hit by margin selling related to an equities sell-off that stemmed from mounting fears about government debt in Europe and the United States.
220 kg block of gold

Harmony Gold to Restart South African Mine

Harmony Gold said on Saturday a miner who was trapped underground at its Kusasalethu mine in South Africa after a fall of ground has died and that all operations remained suspended pending an investigation.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.