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Olympus admits hid losses for decades

8 November, 2011 Reuters: Technology News 0

TOKYO (Reuters) – Japan’s Olympus admitted on Tuesday 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.

No Picture

Olympus admits hid losses for decades

8 November, 2011 Reuters: Business News 0

TOKYO (Reuters) – Japan’s Olympus admitted on Tuesday 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.