Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Friday, January 20, 2017

Toshiba dives on reported nuclear power losses


Toshiba dives on reported nuclear power losses

Toshiba shares plunged in Tokyo Thursday following reports of huge losses at its US nuclear power business.
http://energy.economictimes.indiatimes.com/news/power/toshiba-dives-on-reported-nuclear-power-losses/56659313


 

Japan trade minister says not considering Toshiba rescue plan

Deccan Chronicle - ‎6 hours ago‎
Japan's minister for economy, trade and industry, Hiroshige Seko, said on Friday a rescue plan for embattled conglomerate Toshiba Corp was not under consideration at his ministry. Seko told reporters after a cabinet meeting that he would closely ...

Toshiba woes intensify on reports of $6bn writedown

Times of Malta - ‎13 hours ago‎
Pedestrians walk past a logo of Toshiba Corp in Tokyo, Japan. Photo: Yuya Shino/Reuters. Toshiba Corp's financial crisis deepened yesterday as media reported it may unveil a bigger-than-expected $6 billion writedown for its US nuclear business, sending ...

Toshiba – yet another Japanese giant falls from grace

Asia Times - ‎13 hours ago‎
And so now it's Toshiba Corp. Another giant brought to its knees from the ranks of Japan's corporate behemoths that once ruled the world. Toshiba's shares have lost about half their value since the company said last month it may face a writedown at its ...

Editorial: Toshiba must clarify how it suffered staggering losses

The Mainichi - ‎14 hours ago‎
Toshiba Corp., which is restructuring after it came to light that the electronics giant had padded its profits, faces a new crisis: around a 700 billion yen loss stemming from its U.S. unit Westinghouse Electric Co.'s takeover of another U.S. company ...

Western Digital tipped for Toshiba semiconductor partnership

bit-tech.net - ‎9 hours ago‎
Toshiba has confirmed it is investigating spinning off its semiconductor arm, with Western Digital named as the most likely company to pick up a 20 percent stake. Toshiba has confirmed that it is considering spinning off its semiconductor business ...

Toshiba dives on fears of huge loss at nuclear unit

Daily Times - ‎18 hours ago‎
TOKYO: Toshiba shares went into freefall Thursday, with the embattled stock down by nearly half since late December on concerns about huge losses at its nuclear power business in the United States. The Tokyo-listed shares dived 16 percent to end the ...

Toshiba shares extend drop as losses mount at US nuclear unit

Asia Times - ‎19 hours ago‎
Shares in Japan's Toshiba Corp extended losses on Friday, weighed down by concern over a potentially bigger-than-expected US$6 billion writedown triggered by cost overruns at its US nuclear business. The shares fell as much as 6% in early trade before ...

Toshiba's US nuclear business loss may be as much as $6.1 billion

Japan Today - ‎20 hours ago‎
Toshiba Corp could post a 700 billion yen ($6.1 billion) loss at its U.S. nuclear reactor business, much bigger than the 500 billion yen it had earlier flagged to investors, Kyodo news agency reported Thursday. Shares in Toshiba plunged 15% on reports ...

Toshiba Is Studying The Possibility of Spinning Off NAND Flash Production

AnandTech - ‎Jan 19, 2017‎
Toshiba on Wednesday confirmed that it is studying the possibility of splitting its NAND flash business into a separate company. While nothing has been decided as this point, the Japanese tech firm needs money and it may sell a stake in its memory ...

Toshiba considers spinning off its memory business

Networks Asia - ‎17 hours ago‎
Toshiba said it is considering splitting off its memory business into a separate company but added that nothing had been finalized at this point. The Japanese company said Wednesday that it positions its memory unit as a focus business. The ...
 

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