Fujifilm, Sony consider Olympus investment as lawsuits begin

Fujifilm Holdings Corp. and Sony Corp. are among the companies considering investing in cash-strapped Olympus Corp., according to reports from the Wall Street Journal and Nikkei (the latter being cited by press agency Reuters). It's been a difficult few months for Olympus, which admitted to accounting irregularities last November. It's stock price fell more than 80% to as low as ¥424, before recovering somewhat. (For the last few days, it's hovered around the ¥1,200-1,300 mark, after the Tokyo Stock Exchange allowed the company to keep its listing, albeit with a US$130,000... (read more)

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Thu, 2012-01-26 22:25