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    1. Olympus to Cut 2,700 Jobs, Consider Alliances to Boost Capital

      Olympus to Cut 2,700 Jobs, Consider Alliances to Boost Capital

      Olympus Corp. (7733) will cut about 7 percent of its workforce and may consider an alliance as the Japanese camera maker seeks to recover after writing down assets following a $1.7 billion accounting-fraud scandal. The 2,700 jobs are to be eliminated by March 2014, the company said in a statement in Tokyo today. Olympus is considering capital-alliance offers from domestic companies and other options that may include selling shares in the market, President Hiroyuki Sasa told reporters. Olympus will increase its focus on the imaging, medical and life-sciences businesses as the company aims to boost its capital ratio ...

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    2. Make Small Business Legislation Work on Main Street

      Make Small Business Legislation Work on Main Street
      Congress should try to fix the problems that most small business owners face today, not just those issues that matter to a few. Last week, the Senate officially gave up efforts to pass the SBIR/STTR Reauthorization Act of 2011. Promoted as crucial for small business, the bill's primary goals were to extend the Small Business Innovation Research (SBIR) program, which sets aside a portion of federal agency research budgets for small businesses, and to make it possible for venture capital-backed companies to tap SBIR funds. The legislation had passed committee 18 to 1 and seemed destined to pass ...
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    3. St. Jude Medical 3Q profit grows 25 percent

      St. Jude Medical 3Q profit grows 25 percent
      St. Jude Medical Inc. on Wednesday reported a 25 percent jump in third-quarter profit as it booked fewer charges and saw stronger sales of medical devices. The company also raised its outlook for the fourth quarter and full year above Wall Street expectations. St. Jude said its net income grew to $208.4 million, or 63 cents per share, for the three months ended Oct. 2. That's up from $166.9 million, or 48 cents per share, a year earlier. Excluding one-time items the company said it earned 72 cents per share in the latest quarter. Revenue rose 7 ...
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    1-3 of 3
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