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Olympus jumps more than 13 percent on third-party report
TOKYO - Olympus Corp shares rose more than 13 percent on Tuesday, continuing its climb from the last session after it said a third-party panel investigating an accounting scandal found no evidence of funds from M&A; deals flowing to organized crime syndicates.
Fusionstorm sees IPO priced at $13 to $15/share
- Fusionstorm Global Inc filed with U.S. regulators for an initial public offering of up to 12.5 million common shares, to be priced at $13-$15 per share.
HP seeks stability in 2012 after rocky year
SAN FRANCISCO - Hewlett-Packard Co will ramp up spending on research, sales and turning around its flagging services arm in 2012, after its fourth-quarter profit fell nearly 91 percent on weak computer sales.
Short-seller report batters China's Focus Media
SHANGHAI - Focus Media Holding Ltd , a U.S.-listed Chinese company, said a short-seller's report accusing it of overstating its assets was "completely untrue," and it would make a statement refuting the allegations before U.S. markets open on Tuesday.
Netflix raises $400 million in shares, debt
- Video rental company Netflix Inc said late on Monday that it raised $400 million in fresh capital by selling convertible debt to long-time backer Technology Crossover Ventures and stock to funds managed by T. Rowe Price.
Brocade sees stronger Q1, shares rise
- Brocade Communications' quarterly results trumped Wall Street estimates and the data storage gear maker forecast first-quarter profit above expectations as the company's share buyback program bears fruit.
Collective Brands continues to see margin pinch
- Collective Brands Inc expects margin pressures to continue in the current quarter as the shoe retailer got stuck with pre-ordered inventory.
Trina Solar slides to quarterly loss
- China's Trina Solar Ltd posted a quarterly loss on Monday as the rapid slide in prices for solar panels eroded margins and it said panel shipments would drop in the current quarter, sending its shares lower.
JMP cuts RIM as competition for low-end market
- JMP Securities downgraded Research in Motion saying it doubts the BlackBerry maker can bring its new phones to market in time, even as pricing competition in countries like India heats up.
JinkoSolar sees weak Q4 shipments, revenue
- Chinese solar company JinkoSolar Holding Co forecast fourth-quarter revenue below analysts expectation and sees sequentially lower quarterly shipments.
No related earnings announcements are currently scheduled within the next 7 days.
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