Tokyo District Court has ordered six former executives of Olympus Corp. to pay ¥59 billion in damages to the optical and electronic devices maker for damaged caused by accounting fraud and illegal dividend payments. The executives named Thursday in the damages lawsuit filed by Olympus ...
Five years ago, Olympus Corp. was caught up in the oddest of corporate scandals. Its then-CEO, Michael Woodford, uncovered an accounting scandal at the company that went undetected for years, besmirching the name of a once-proud Japanese maker of digital cameras and medical equipment. The ...
With a rusting steel mill in its center, this Pennsylvania city would seem fertile ground for Donald Trump's campaign and its vision of a declining America that only he can fix. Yet Trump, who will be seeking voters' backing as the Republican nominee for the ...
Michael Woodford, the whistle-blowing former chief executive officer of Olympus Corp., has sued his former employer in the U.K. for breach of contract, more than four years after he alleged a $1.7 billion accounting fraud and 13-year cover-up at the firm. Woodford, who settled a ...
Once renowned for its economic success, recent business scandals have diminished Japan's influence and prestige on the world stage.
Federal health authorities are ordering manufacturers of specialized medical scopes to study how the reusable devices are cleaned following a series of life-threatening bacterial outbreaks at U.S. hospitals. The Food and Drug Administration said Monday that the three companies must submit plans to study how ...
Federal regulators have uncovered new violations by the manufacturer of medical scopes recently linked to outbreaks of deadly "superbug" bacteria at U.S. hospitals. Olympus Corp. failed to alert regulators to a cluster of 16 infections in patients who underwent procedures with the company's scope in ...
The Olympus Air AO1 goes retro in a futuristic way The Olympus Air A01 was designed to turn any smart phone into a high-quality camera, and its advantage over other digital cameras is its small size — basically it looks like a lens. If you're ...
One of the more intriguing questions stemming from the Toshiba accounting scandal is this: Where was the whistleblower? Top executives at the industrial conglomerate, which makes everything from refrigerators to nuclear reactors, padded pretax profit by at least ¥152 billion over six years, according to ...
The Tokyo District Court on Wednesday sentenced a 61-year-old former securities broker to four years in prison for counseling the management of major optical equipment-maker Olympus Corp. on hiding massive losses. It also ordered Nobumasa Yokoo to pay ¥10 million ($82,000) in fines. The court also ...
Two lawsuits target the maker of a medical scope linked to the outbreak of a superbug at Ronald Reagan UCLA Medical Center. Attorney Pete Kaufman filed suit Monday on behalf of 18-year-old Aaron Young, who remains hospitalized after becoming infected, the Los Angeles Times reported ...
Mapple goes for coupons Recently, Japan has seen a rise in tourists, making a market for helpful apps for sightseers. Mapple's free DigJapan! travel app, originally released for Tokyo, then Osaka and Kyoto, already lists and maps popular sightseeing spots and numerous useful stores and ...
