Olympus
Summary
Olympus Corporation (オリンパス株式会社, Orinpasu Kabushiki-gaisha) is a Japan-based company that manufactures optics and Reprography products. Olympus was established on October 12, 1919, initially specialized in microscope and thermometer businesses. It is headquartered in Tokyo, Japan, while its United States' operations are based in Center Valley, Pennsylvania, and European operations are based in Hamburg, Germany.The company is named after Mount Olympus, the home of the 12 supreme gods and goddesses in Greek mythology. In the words of the company, they chose the name to "reflect its strong aspiration to create high quality, world famous products".In Japanese mythology, eight million gods and goddesses live in Takamagahara, the peak of Mt.
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Former Olympus executives plead guilty in fraud trial
Japanese camera and medical equipment maker Olympus and three of its former executives pleaded guilty today to charges related to a $1. 7bn (£1bn) accounting cover-up in one of Japan's biggest corporate scandals.
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Olympus to cut 2,700 jobs
Scandal-hit Japanese camera and medical equipment maker Olympus will cut about 7pc of its workforce - and eke out a small profit this year - as it tries to recover from a loss cover-up scandal.
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Sony and Panasonic leading race to buy Olympus stake
Japanese electronics companies Sony and Panasonic are the leading contenders to take an equity stake in Japan's scandal-hit Olympus, according to reports that sent Olympus shares surging.
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Sony looks to mobile for revival and confirms job cuts
Sony confirmed earlier media reports that it will cut around 10,000 jobs - 6% of its global workforce.
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10 Things You Need To Know This Morning
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WHOA: A New Report Says Olympus Hid $1.7 Billion In Losses
A reportby an investigative panel (summary here)has concluded that Olympus concealed $1. 7 billion in losses with some accounting magic tricks,reports Reuters.
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Olympus whistleblower Michael Woodford returns to Tokyo for 'constructive' talks with investigators
Former Olympus chief executive Michael Woodford has met Japanese authorities for the first time since blowing the whistle on £968m of irregular payments.
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Olympus whistleblower Michael Woodford meets Japanese authorities
Former Olympus chief executive Michael Woodford has met Japanese authorities for the first time since blowing the whistle on $1. 5bn (£968m) of irregular payments.
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Morning Brief: Olympus admits hiding losses in big merger payouts; voters go to the polls to determine major ideological issues in Ohio and Mississippi
In what may be one of the largest corporate scandals to be revealed, Olympus has admitted that it made more than $1 billion in merger payouts in order to hide investment losses. The NYT called the news of the growing scandal "one of the biggest accounting fraud cases in corporate history.
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Smarter money moves into the market
Business News: Variety looks at five equity players and their future plans -- The independent film business is still a viable option for high net worth individuals and equity players.
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