Olympus reports $620 mln annual loss after cover-up scandal May 10, 2012 - 17:57 AMT PanARMENIAN.Net - Olympus on Thursday, May 10 posted a $620 million loss in the fiscal year to March after a cover-up scandal at the camera and medical equipment maker which hammered Japan's corporate-governance image, AFP reported. The firm said it lost 48.99 billion yen ($620 million) in the period, after a scandal that sparked lawsuits and the arrest of former executives accused of hiding about $1.7 billion in losses.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Biden honors resilience of Armenian people on April 24  U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide.Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan.Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says.Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. |
