Business Topics

Apr 9, 2014

Banks sue Olympus for ¥27.9 billion over fraud

Olympus Corp. said Wednesday it’s being sued by six banks for a total of ¥27.9 billion in damages, the largest amount among civil lawsuits filed against the camera and endoscope maker over a 13-year accounting fraud. The banks are seeking compensation for damages resulting ...

Microsoft ends support for Windows XP

Apr 9, 2014

Microsoft ends support for Windows XP

Microsoft Corp. ended its support Wednesday for its Windows XP operating system, including security measures against viruses, and called for an early migration to newer operating systems. The company terminated its support after providing its last security update program for Windows XP and will ...

U.S. court can't reach Mt. Gox's Karpeles: lawyer

Apr 8, 2014

U.S. court can't reach Mt. Gox's Karpeles: lawyer

Mt. Gox Co. principal Mark Karpeles is beyond the reach of a U.S. court where he and the bankrupt bitcoin exchange are being sued for consumer fraud by two American depositors, his attorney told a federal judge. Karpeles and Tibanne KK, another of his ...

Apr 7, 2014

Drug firm merger set for India

Major drugmaker Daiichi Sankyo Co. said Monday that India’s Sun Pharmaceutical Industries Ltd., a producer of generic drugs, will absorb its subsidiary in India. The merger will create the fifth-largest maker of generic drugs in the world and the biggest drugmaker in India. Shareholders ...

Angry families want GM prosecuted for defects

Apr 7, 2014

Angry families want GM prosecuted for defects

The families of those who died in General Motors cars with defective ignition switches want prosecutors to go after GM insiders responsible for letting the problems fester for more than a decade — and perhaps for covering them up. “The only way the public ...

Rakuten bans whale meat

Apr 3, 2014

Rakuten bans whale meat

Rakuten notifies sellers it will halt all sales of whale and dolphin meat at the end of the month, after a scathing report by the U.K.-based Environmental Investigation Agency.