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After months of speculation about who would step in to save the scandal-ridden Olympus' rocky fortunes, Sony has finally opened up its checkbook. The two companies are entering into a \"business and capital alliance,\" with Sony pumping in $650 million to its former rival. In exchange, it's gaining

2 years ago 0 Comments
September 28, 2012 at 4:54AM
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Beleaguered camera maker Olympus vows to shed around 2,700 jobs and heavily restructure its business following a major accounting scandal. That works out that around seven percent of its total global workforce will be cut, with Olympus also aiming to sell unused property and close its Philippines

2 years ago 0 Comments