Nidec Withdraws Full-Year Forecasts, Cancels Buyback Amid Accounting Probe Nidec Corp. shares tumbled after it withdrew full-year guidance and canceled its share buyback program as an accounting crisis at the manufacturer of precision motors deepens. Related Posts:Nidec Shares Sink 22% on Fears of Systematic…Nidec Withdraws $1.8 Billion Hostile Bid for Makino MillingMitsubishi Motors Falls on Steep Drop in Quarterly ProfitIntel Slides After New CEO’s Comeback Plan Worries InvestorsToyo Tire CEO Expects Profit to Beat Guidance, Plans…SoftBank’s Ampere Deal Faces In-Depth US Probe in…See also Australia Explores Copyright Law Changes to Meet AI Challenges
