Olympus Ex-CEO Woodford Said to Seek $60 Million in Suit

Source: Bloomberg.com

Olympus Corp. (7733) former Chief Executive Officer Michael C. Woodford will seek $60 million in a lawsuit in the U.K. against the Japanese camera maker over his dismissal, according to a person familiar with the claim. Wood ...
Full article at: Bloomberg.com  More like this  2 hours ago

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Monday Papers: Spain weighs Bankia debt issue

Source: Citywire.co.uk

Financial Times: Spain is considering directly injecting its own government debt into BFA-Bankia to help fund the stricken lender’s €19 billion nationalisation, in an attempt to sidestep borrowing money directly from the bond markets. The Daily Telegraph ...
Full article at: Citywire.co.uk  More like this  4 hours ago

Ex-Olympus chief seeks $60M compensation

Source: CNN

By Duncan Robinson and Louise Lucas, FT.com May 28, 2012 -- Updated 0224 GMT (1024 HKT) Michael Woodford (top,C), former Olympus president and chief executive officer who was dismissed from his posts last October, speaks to reporters upon his arrival ...
Full article at: CNN  More like this  6 hours ago

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Whistleblower Woodford to tackle Olympus in court

Source: Reuters Mobile

Former Olympus President and CEO Michael Woodford walks before he attends Olympus Corp's extraordinary shareholders' meeting in Tokyo April 20, 2012. LONDON (Reuters) - Michael Woodford, the ousted chief executive of Olympus (7733.T), will try to pe ...
Full article at: Reuters Mobile  More like this  6 hours ago

Corroon’s nominees for canyon ordinance update

Source: Salt Lake Tribune

Environment » County mayor recommends 15 people to oversee rewrite of development rules. Snowbird Ski ...
Full article at: Salt Lake Tribune  More like this  7 hours ago

PRESS DIGEST - Financial Times - May 28

Source: Reuters

Xstrata is this week set to reveal a bonus package worth tens of millions of pounds in an effort to retain Mick Davis, its chief executive, ahead of its merger with Glencore , the world's biggest commodity trader. KKR has backed away from the sale of ...
Full article at: Reuters  More like this  7 hours ago

PRESS DIGEST - British business - May 28

Source: Reuters

British Finance Minister George Osborne will receive a stern "get on with it" rebuke from the CBI on Monday over his aim to persuade private pension funds to invest in public sector construction projects. The head of the I ...
Full article at: Reuters  More like this  8 hours ago

'JPMorgan replaces prime brokerage head'

Source: Economic Times

LONDON: JPMorgan Chase ...
Full article at: Economic Times  More like this  9 hours ago, 6:32pm CDT

Prices to kill off half Chinese LED chipmakers

Source: Economic Times

HONG KONG: In China, surplus capacity and sliding prices are sounding the death knell for half of the companies making light emitting diode (LED) chips used in Samsung television panels and Sharp computer monitors, with only the large, ...
Full article at: Economic Times  More like this  9 hours ago, 6:19pm CDT