[Imaging Resource] Olympus prepares for layoffs, as it goes back to basics

In the middle of last week, Japan's Kyodo News agency offered two reports suggesting that Panasonic Corp. might be about to make a significant investment in embattled Olympus Corp., and that the latter would release a mid-term business plan at the end of the week. Shortly after that report, Panasonic officially denied the news, telling Reuters that it was not the source of the information, and had no plans to invest in Olympus. Although it appears that Kyodo may have called that story wrong, today we note that Olympus did indeed finish out the week with a lengthy fifty-page "Announcement...
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