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What's In The News: September 25, 2012

Financial News Network
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September 25, 2012 AT 6:27 PM
From Fnno.com, This is the financial news network. Here's what's in the news for Tuesday September 25, 2012. The Wall Street Journal also reports GE (NYSE:GE) CEO Jeffrey Immelt said there would be no significant acquisitions in 2012, but the company may be working up an appetite again. A company executive said they want to more than double the size of its new mining business to $5B in revenue by 2016. Reuters reports Sony Corp. (NYSE:SNE) will likely approve a plan this week to invest $642M in troubled Olympus Corp. (PINK:OCPNY), becoming its largest shareholder with about a 10% stake, sources say. Reuters also reports Google (NASDAQ:GOOG) began sale of its Nexus 7 tablet in Japan, as well as local language movies and books, in what has quickly become one of its major global markets for digital downloads. Bloomberg reports Google (NASDAQ:GOOG) Chairman Eric Schmidt said it would be up to Apple (NASDAQ:AAPL) to approve the company's map application for Apple's operating system after the iPhone maker's own app was criticized by reviewers. Finally, Bloomberg also reports Royal Bank of Scotland (NYSE:RBS) managers condoned and participated in the manipulation of global interest rates, indicating that wrongdoing extended beyond the four traders the bank fired. For more financial news and analysis follow us on Twitter @FNNOnline or check out our website at fnno.com.