News Summary: Sony plans high-tech medical devices

Sony Corp. President and Chief Executive Officer Kazuo Hirai, second left, and Olympus Corp. President Hiroyuki Sasa, second right, attend a joint press conference on their business deal in Tokyo Monday, Oct. 1, 2012. Japan Sony's new alliance with scandal-tarnished Olympus will produce endoscopes and other surgical tools packed with the Japanese electronics and entertainment maker's three-dimensional imagery and super-clear display technology called 4K. (AP Photo / Koji Sasahara)

HIGH-TECH MEDICAL DEVICES: Sony’s new alliance with Olympus will focus on producing endoscopes and other surgical tools packed with the Japanese electronic maker’s three-dimensional imaging and super-clear “4K” display technologies.

THE VENTURE: Sony will invest $640 million, becoming Olympus’ biggest shareholder. Olympus needs to shore up its finances after covering up massive losses dating back to the 1990s.

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