Search This Blog

December 30, 2011

LCD firms in $553m US price fixing settlement

The world's largest electronics manufacturer, Samsung, and six other LCD screen manufacturers have settled claims they conspired to fix prices.

December 29, 2011

Fujifilm: too early to say if it will invest in Olympus

(Reuters) - Japan's Fujifilm Holdings is watching developments at scandal-ridden Olympus Corp but it is too early to say if it will invest in the rival endoscope maker, a senior executive told Reuters in an interview on Monday.

December 28, 2011

Tepco seeks an extra $9bn in aid to pay compensation

Tokyo Electric Power Company (Tepco) has asked the government for an extra 690bn yen ($9bn; £5.6bn) to compensate victims of the nuclear crisis.

December 27, 2011

December 26, 2011

Investors brace for a rocky 2012

Investors face yet another year of uncertainty in 2012, but this time around, they don't appear as willing to wait to see how things will play out.

December 23, 2011

After a year of disasters, Toyota sees record sales

(Reuters) - Toyota Motor Corp forecast a 20 percent jump in global sales to a record 8.48 million vehicles next year as it claws back from this year's output losses caused by natural disasters in Japan and Thailand.

December 22, 2011

Prosecutors raid the HQ of Olympus in earnings probe

Japanese prosecutors have raided the headquarters of camera and medical equipment maker Olympus as part of an ongoing investigation.

December 21, 2011

U.S. Backs Apple in Patent Ruling That Hits Google

A federal agency ruled on Monday that a set of important features commonly found in smartphones are protected by an Apple patent, a decision that could force changes in how Google’s Android phones function.

December 20, 2011

Osborne confirms banks must ringfence retail banking

Chancellor George Osborne has backed most of the recommendations in the Vickers' banking report, including protecting retail banking from riskier investment activities.

December 19, 2011

Cable & Wireless Worldwide: a call for more reinvention or break up?

Gavin Darby, installed this month as chief executive of Cable & Wireless Worldwide (CWW), is keen to distance himself from the financial excesses of the previous regime, which saw senior managers take £88m of cash out of the struggling business in just five years. During contract negotiations, Darby set a new tone, declining the offer of a chauffeur-driven car as part of his pay package.

December 16, 2011

Olympus retains listing but shares fall again

Japan's scandal-hit camera maker Olympus has retained its listing on the Tokyo Stock Exchange but has seen its shares fall sharply again.

December 15, 2011

December 14, 2011

China-Based Hacking of 760 Companies Shows Global Cyber War

Dec. 14 (Bloomberg) -- Google Inc. and Intel Corp. were logical targets for China-based hackers, given the solid-gold intellectual property data stored in their computers.

December 13, 2011

Insurers face ratings downgrade threat from S&P

Some of Europe's top insurance companies have been warned their credit rating could be downgraded as a result of the European financial crisis.

December 12, 2011

HP donates WebOS to open sourcers

The code behind the mobile operating system, WebOS, is being released to open source software developers by Hewlett Packard.

December 09, 2011

Olympus Auditors Face Scrutiny

TOKYO—In May 2009, Olympus Corp.'s external auditor was so troubled by transactions it had found while going through the company's books that it asked Olympus's top executives to resign.

December 08, 2011

Multinational firms placing less importance on China -survey

Dec 7 (Reuters) - Multinational companies operating in China are placing less importance on the world's second-biggest economy amid rising local competition and concern over intellectual property (IP) rights, a survey showed on Wednesday.

December 07, 2011

Exclusive: Apple vs. Samsung ruling divulges secret details

(Reuters) - A U.S. court error on Friday offered a brief glimpse at information that Apple Inc and Samsung Electronics have tried to shield from the public during their high-stakes patent litigation.

December 06, 2011

Let Companies Manage Their Own Risk: Donohue, Engler and Timmons

In the coming months, regulators will address many critical and complex issues in the new financial reform legislation, but perhaps none as misunderstood as the regulation of derivatives.

December 05, 2011

Palm Oil Companies Slow in Meeting Sustainability Goal

JAKARTA — Sustainability is the catchword in the palm oil industry these days, with many multinational companies having pledged to use oil only from sustainable sources by 2015. But with only three years left, they will have to move a lot faster to achieve that goal.

December 02, 2011

Gucci sales not slowing yet, has plan B ready

PARIS (Reuters) - Luxury brand Gucci has not seen any impact on its business from global economic woes but it would be prepared to react quickly and cut costs if sales slowed, its chief executive said in a newspaper interview.

December 01, 2011

The best way to play emerging markets


FORTUNE -- Ever since the great crash of 2008, when emerging markets plummeted more than 50%, one strategy has jumped in popularity: buying multinationals to play the fast-growing markets.