Olympus reports $620 mln annual loss after cover-up scandalMay 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 | Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. |