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Japan Breaking News: Japan's Olympus to Raise up to $1.17 Billion in Share Issue

Wochit 0:47 mins

Japan's Olympus Corp said it will raise up to $1.17 billion in a new share issue to expand its medical equipment business and rebuild its financial health, after an accounting scandal plunged the company into the red. Japan's SoftBank Corp said that it expects to complete its $21.6 billion acquisition of U.S. wireless carrier Sprint Nextel Corp on Wednesday, July 10th. Japan's premiere robot Asimo can't catch a break after its glitch-filled performance as a guide at a Tokyo science museum.

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