1. Olympus Sees Loss of $410 Million; Core Business OK

    Olympus Sees Loss of $410 Million; Core Business OK

    Japan's scandal-hit Olympus on Monday forecast a $410 million full-year net loss due to its ailing camera business and tax asset writedowns, but strength in its core endoscope business highlighted its attractiveness to potential investors. The maker of cameras and medical equipment has been considering alliance offers to shore up its finances after a $1.7 billion accounting scandal severely depleted its assets, with Sony, Fujifilm, Terumo and South Korea's Samsung Electronics believed to be among possible suitors.

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    1. Given the nature of the (endoscope) business, there are limited competitors and the scandal hasn't had a huge impact on the business.
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