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Feb. 5, 2013, 7:41 PMJapanese stocks trade higher, pushed by fresh multiyear lows for the yen and strong results from Toyota (TM +1.05%). The Nikkei Average surged 2.3% to 11,304, wiping away the previous session's 1.9% loss, with autos leading: Mitsubishi Motors (MMTOY.PK +5.1%), and Subaru maker Fuji Heavy Industries (FUJHY.PK +6%). The move on the yen also gave a lift to tech exporters as well: Sony(SNE +2.8%), Olympus (OCPNF.PK +3.2%), and Panasonic (PC +5%). | 6 Comments
Sep. 25, 2012, 4:58 AMSony (SNE) is likely to this week authorize an investment of ¥50B ($642M) in cash-strapped Olympus in return for a 10% stake, Reuters reports. The companies would create a JV to develop medical equipment, which would provide Sony with new sources of revenue. Meanwhile, Olympus and three former execs, including ex-chairman Tsuyoshi Kikukawa, have pleaded guilty to charges connected to the company's $1.7B accounting fraud. | Comment!
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OCPNF vs. ETF Alternatives
Olympus is the parent company of a group engaged in the manufacturing and sale of visual equipment, medical equipment, and industrial equipment. Co.'s principal products include film cameras, digital cameras, tape recorders, IC recorders Voice-Trek?series, MO (magneto-optic) drives; medical... More
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