Home · Register · Join Upload & Sell

Moderated by: Fred Miranda
Username  

  New fredmiranda.com Mobile Site
  New Feature: SMS Notification alert
  New Feature: Buy & Sell Watchlist
  

FM Forums | General Gear-talk | Join Upload & Sell

  

Archive 2011 · Olympus Cash Troubles After Scandel

  
 
lukeb
Offline
• • •
Upload & Sell: Off
p.1 #1 · p.1 #1 · Olympus Cash Troubles After Scandel


Shares of Japanese camera and medical-equipment maker Olympus Corp. fell 7.4% in Monday morning trade, as local media reports tipped cash troubles and a search of the company's offices amid an accounting scandal. Japanese prosecutors plan to search Olympus offices sometime this week in connection with the firm's previous admissions that losses were covered up via fees paid in connection with past acquisitions, Kyodo News reported Friday, citing unnamed sources. Olympus also told lenders that it could run out of cash by 2015, according to a Nikkei business daily report Friday. Reuters reported that Olympus' main lender, a banking unit of Sumitomo Mitsui Financial Group Inc. , said it would maintain its support for the company. Shares of Sumitomo Mitsui Financial Group traded down 1% early Monday.


Dec 18, 2011 at 09:00 PM
sjms
Offline
• • • • • • •
Upload & Sell: On
p.1 #2 · p.1 #2 · Olympus Cash Troubles After Scandel


and it just keeps getting worse
http://news.yahoo.com/prosecutors-raid-olympus-wednesday-media-010002607.html



Dec 21, 2011 at 07:49 AM
M635_Guy
Offline
• • • •
Upload & Sell: Off
p.1 #3 · p.1 #3 · Olympus Cash Troubles After Scandel


What a mess...


Dec 21, 2011 at 08:21 AM





FM Forums | General Gear-talk | Join Upload & Sell

    
 

You are not logged in. Login or Register

Username       Or Reset password



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.