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False alarm: Networks fined $1.9m as ‘Olympus’ advert makes a splash

Later we'll bring you the best movies of the year but for right now here's 10 movies that you absolutely should miss from the year 2013

Japanese camera and medical equipment maker Olympus and three of its former executives yesterday pleaded guilty to charges related to a $1.7bn (€1.35bn) accounting cover-up.

Former Olympus president Tsuyoshi Kikukawa admitted guilt today over a cover-up scandal of massive investment losses at the top Japanese camera and medical equipment company.

Assurances that world powers want debt-laden Greece to remain in the euro helped support world stock markets today after sharp losses over the past week.

AN internal investigation at Olympus found that five current and former auditors are responsible for $109 million (€86m) in losses linked to the Japanese company’s accounting scandal, and plans to sue them.

An internal investigation at Olympus says five current and former auditors are responsible for a combined 8.38bn yen (€85.7m) in losses linked to the Japanese company's accounting scandal.

PRIVATE equity firm TPG Capital is willing to invest up to €1 billion in Japan’s Olympus Corp in a joint deal with Sony Corp or another suitor circling the scandal-hit firm, a source said.

JAPAN’S disgraced Olympus Corp is suing its president and 18 other executives for up to $47 million (€37m) in compensation, as it struggles to recover from an embarrassing accounting scandals.

World stocks rose today, assisted by an absence of bad financial news and signs that the US economy may be strengthening.

Japanese camera and medical equipment maker Olympus is suing 19 former and current executives for damages the company said it has suffered over a massive cover-up of investment losses.

Japanese prosecutors raided the headquarters of Olympus today, amid an investigation into dubious accounting and a cover-up of massive losses at the camera giant.

World stocks rose today amid growing optimism that European leaders will approve aggressive plans by the end of the week to rescue the region from a debt crisis that has rocked financial markets for months.

An independent panel probing an accounting scandal at Olympus has confirmed it found an elaborate scheme to cover up investment losses through exorbitant fees and expensive acquisitions.

MICHAEL Woodford, who was fired as chief executive of Japanese camera and medical equipment company Olympus after blowing the whistle on dubious spending, is now resigning from the board.

THE world’s top four audit firms will have to split up and rename themselves under a far-reaching draft EU law to crack down on conflicts of interest and shortcomings highlighted by the financial crisis.

World stocks were boosted today by a robust start to the US holiday shopping season and reports that European leaders are considering legal means to force debt-ridden euro countries into fiscal discipline.

Asian stock markets struggled but European shares advanced today as fears that Italy could become the next domino to fall in Europe’s debt crisis were muted by Greece edging back from the brink.

Japanese camera firm Olympus has said its chairman Tsuyoshi Kikukawa is stepping down amid widening scrutiny into past acquisitions.

Connacht finished as top seeds in the European Challenge Cup following a crushing, 10-try 66-0 win at Olympus Rugby in Pool 2.

Glasgow Warriors 33 Gloucester 11

Joycean scholar, gay rights advocate and broadcaster, David Norris became a national treasure some time ago. In the wake of Donal Óg Cusack’s revelations last week, he spoke to Michael Moynihan about his own secret life within the GAA.

Clifden's Tiernan O’Halloran, 18, will make his competitive debut for Connacht against Olympus Rugby Madrid in the Challenge Cup tomorrow at the Sportsground.

THE man accused of murdering Swiss student Manuela Riedo in October 2007 sold Ms Riedo’s mobile phone to his sister’s boyfriend nine days after the killing, the Central Criminal Court has heard.

The Central Criminal Court has heard that the DNA of a Galway man accused of murdering Swiss teenager Manuela Riedo in October 2007 was found inside a condom that had been found at the scene of her death.

British sportswear retailer JJB Sports today said revenues were running more than 8% lower as it battled “very challenging” trading conditions.

Hundreds of jobs could be created in forestry with the rising demand for wood as fuel over the coming years, an energy seminar heard today.

The FTSE 100 Index held on to positive territory today, despite the impact of a weaker-than-expected start to trading on Wall Street.

Sportswear retailer JJB Sports unveiled a £5m (€7m) deal with rival Sports Direct for ownership of the Original Shoe Company today.

FOR those fed up with the family photos where one person is perpetually frowning, a new Japanese camera is said to automatically refuse to take pictures when a person isn’t smiling.

JJB Sports said today it expected a “more positive” end to the year after comparisons with the 2006 World Cup dented first half sales figures.

Tesco is to start selling iPods as part of its expansion into the lucrative digital goods market, it announced today.

Japanese precision instrument manufacturer Casio today reported bulging profits on the back of solid digital camera sales, but overall the quarter has been a mixed picture for the group.

Clinical research company Olympus Diagnostica is to create 22 new jobs in a €5m expansion of its Research and Development facility in Co Clare.