Effective immediately, professional tennis's summer schedule will become the Emirates Airline U.S. Open Series, with the airline succeeding Japan's Olympus Corp.

WSJ: Emirates Airline to Sponsor U.S. Open Series in Tennis

The Olympus Corp. accounting scandal reemerged on the front pages last week with news that Japanese prosecutors formally charged six former Olympus executives.

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In one of the biggest cases of its kind in Japan, with Tokyo's reputation as a financial center still bruised by the billion-dollar Olympus Corp.

WSJ: Japanese Fund Loses $2.3 Billion

It also ended its liquid-crystal display venture with rival Samsung, while inking a new capital alliance with Japanese electronics and camera maker Olympus Corp. to strengthen its medical equipment business.

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Big moves in Tokyo included Olympus Corp.

WSJ: Nikkei Sets Fresh 2013 High

It represents an open mind and willingness to embrace the inevitable within Japan's darling CE corp, however, and with Samsung and Sony leading, Olympus, Panasonic and perhaps even Canon and Nikon will follow up with their own offerings.

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