 | Hello |  |  | Japan's Olympus admitted it hid losses on securities investments dating back two decades, bowing to weeks of pressure to explain a series of baffling transactions that have put the future of the firm in doubt.
The dark and sometimes dangerous triad of ties among gangsters, businesses and politicians has a long tradition in Japan, which helps explain why a scandal engulfing Olympus has stirred up media and market talk of possible yakuza links, despite company denials and a lack of evidence.
When is a merger-of-equals really a takeover? One easy way to tell is when the top brass get rich and undeserved paydays. There's probably no better live example than the just-delayed sale of Massachusetts electric utility NSTAR, reports Breakingviews columnist Rob Cox.
Groupon is not necessarily doomed, but it does carry a lot of risk — risk that resides in the details and that grows more daunting as Groupon's stock price rises, writes Kevin Kelleher.
"Zynga Inc. plans to proceed with its initial public offering after the Thanksgiving holiday on Nov. 24," Bloomberg reports.
The WSJ digs into Yahoo's quarterly financial report to discover some potential risk factors the company is disclosing. Forbes looks at the potential value of Yahoo's patents.
Hewlett-Packard payed $81 million to investment bankers for questionable advice, Andrew Ross Sorkin writes.
| | | LATEST NEWS | | Google chairman says will not favor Motorola | | SEOUL (Reuters) - The executive chairman of Google Inc on Tuesday played down concerns the search giant would give preferential treatment to Motorola Mobility Holdings after its planned purchase of the handset maker is completed. | Full Article | | | Exclusive: HP weighing sale of webOS unit | | November 08, 2011 04:29 AM ET | | NEW YORK/SAN FRANCISCO (Reuters) - Hewlett-Packard Co is looking to sell Palm's webOS mobile software platform, a deal that could fetch hundreds of millions of dollars but less than the $1.2 billion that HP paid last year, four sources close to the matter said. | Full Article | | PCCW to launch up to $1.4 billion trust IPO on Wednesday | | November 08, 2011 06:00 AM ET | | HONG KONG (Reuters) - Hong Kong's PCCW Ltd plans to launch on Wednesday an up to $1.4 billion IPO for its telecoms business, two sources said, braving volatile global markets as the deal's novelty and fixed-income like structure aim to lure yield-hungry investors. | Full Article | | PPR to acquire Italian men's fashion brand Brioni | | November 08, 2011 01:57 AM ET | | PARIS (Reuters) - Luxury and retail group PPR SA said on Tuesday that it would take over Brioni, an Italian fashion brand, for an undisclosed price in a move to strengthen its position in the high-end menswear market. | Full Article | | | TOP NEWS
| | Italy, Greece on the brink as markets hold breath | | November 08, 2011 10:27 AM ET | | ROME/ATHENS (Reuters) - Financial markets held their breath on Tuesday as Italian Prime Minister Silvio Berlusconi's reform-shy government teetered on the brink and debt-crippled Greece's leaders struggled to put together a national unity government. | Full Article | | Berlusconi humiliated in parliamentary vote | | November 08, 2011 10:46 AM ET | | ROME (Reuters) - Italian Prime Minister Silvio Berlusconi suffered a huge humiliation in parliament on Tuesday in a vote that indicated he no longer had a majority and ratcheted up pressure for him to resign. | Full Article | | USS Cole bomb suspect finally gets his day in court | | November 08, 2011 09:28 AM ET | | GUANTANAMO BAY U.S. NAVAL BASE, Cuba (Reuters) - Nine years after his capture and a decade after the United States first authorized military tribunals for terrorist suspects, the alleged mastermind of the deadly bombing of the USS Cole will face a judge in the Guantanamo war crimes tribunal. | Full Article | | Exclusive: Olympus scandal tied to banker who shuffled losses | | November 08, 2011 03:36 AM ET | | TOKYO (Reuters) - A former Japanese banker who helped Japan's Olympus Corp shift losses off its books decades ago appears to be a key figure behind its decision to award a massive advisory fee to a little-known U.S. investment firm, Japanese broking sources who know the ex-banker said. | Full Article | | | | TECHNOLOGY NEWS | | | | | RELATED VIDEO | | |  |  | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. |  | | Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. |  | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. | | | » MORE NEWSLETTERS | | | ODDLY ENOUGH | | | | | | |
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