Toshiba's Chairman Resigns as Its Nuclear Power Losses Mount
The hits come from Toshiba's investment in Westinghouse, the American nuclear power company, reflecting spiraling cost overruns at nuclear plant ...https://www.nytimes.com/2017/02/14/business/toshiba-chairman-nuclear-loss.html?_r=0
Huge losses force doubts over new nuclear power plant to heart of the Copeland by-election - The Independent
Toshiba chairman resigns over huge nuclear business loss
Tribune-Review - 2 hours ago
Toshiba Corp. President Satoshi Tsunakawa bows during a press
conference at the company's headquarters in Tokyo, Tuesday, Feb. 14,
2017. Japanese electronics and energy giant Toshiba said Tuesday that
its chairman is resigning to take responsibility ... http://triblive.com/business/headlines/11942457-74/company-business-nuclear
Toshiba nuclear jobs at Whitehaven hang in balance
Financial Times - 1 hour ago
The prospect of a new nuclear power station coming to the area had
brought hope to the residents of Whitehaven in Cumbria, the nearest town
to Toshiba's proposed Moorside project. Sample the FT's top stories for
a week. You select the topic, we deliver ...https://www.ft.com/content/bae9a6d8-f2c4-11e6-8758-6876151821a6
UK nuclear plans hit after Toshiba steps back from Cumbria plant
Financial Times - 3 hours ago
A key part of the UK's energy strategy has been thrown into doubt after
Toshiba said its financial troubles were likely to force it to abandon
its leading role in a Cumbria nuclear power station intended to meet 8
per cent of Britain's electricity ...https://www.ft.com/content/f1f77a62-f2ae-11e6-95ee-f14e55513608
Toshiba 'still developing' Moorside nuclear plant
BBC News - 5 hours ago
Toshiba says it will continue to work on the development of a nuclear
power station in Cumbria but will not be involved in its construction.
Uncertainty shrouded Moorside, near Sellafield, as it was thought the
corporation would withdraw from all ...http://www.bbc.com/news/uk-england-cumbria-38967305
Toshiba: Why troubled Japanese firms survive
BBC News - 8 hours ago
"What else are you hiding?" screamed journalists at Toshiba executives,
according to this reporter's tweet from Tokyo. From a cancelled
earnings announcement, to a chairman resigning, to a shambolic shouting
match between executives and reporters at a ... http://www.bbc.com/news/business-38969273
Toshiba's chairman resigns after $6.3B loss in US nuclear business
UPI.com - 4 hours ago
Toshiba Corp. President and CEO Satoshi Tsunakawa bows during a news
conferenceTuesday at Toshiba headquarters in Tokyo. Chairman Shigenori
Shiga announced his resignation in the wake of large losses from its
U.S. nuclear operations. Photo by ... http://www.upi.com/Top_News/World-News/2017/02/14/Toshibas-chairman-resigns-after-63B-loss-in-US-nuclear-business/1011487079339/
Toshiba reports $6bn write-down at nuclear unit
BDlive (press release) (subscription) - 43 minutes ago
The logo of Toshiba. is seen at the company's facility in Kawasaki,
Japan, on February 13 2017. Picture: REUTERS/ISSEI KATO. Tokyo — After a
day of delays and confusion, Japan's Toshiba said on Tuesday it
expected to book a $6.3bn hit to its US ...https://www.businesslive.co.za/bd/companies/2017-02-14-toshiba-reports-6bn-write-down-at-nuclear-unit/
Toshiba sees $6.3 billion nuclear unit writedown
MarketWatch - 6 hours ago
TOKYO -- Toshiba Corp.'s problems threatened to spiral out of control
as the electronics giant projected a $6.3 billion write-down, postponed
its earnings report because of allegations of impropriety and said its
chairman was resigning -- all in the ...http://www.marketwatch.com/story/toshiba-sees-63-billion-nuclear-unit-writedown-2017-02-14
UK Nuclear Debate Reopened After Giant Toshiba Writedown
Bloomberg - 5 hours ago
Toshiba Corp.'s nuclear writedown is reverberating in the U.K., where
it may derail plans to build new reactors using the Japanese company's
technology. Toshiba's $6.3 billion writedown of its nuclear business on
Tuesday prompted the company to say it ...https://www.bloomberg.com/news/articles/2017-02-14/u-k-nuclear-debate-reopened-after-giant-toshiba-writedown
Toshiba says it is now considering selling majority stake in flash memory spinoff
The Japan Times - 5 hours ago
Toshiba Corp. President Satoshi Tsunakawa said Tuesday the ailing
electronics giant may sell a majority stake in its flash memory
operations to cover losses caused by massive write-downs on its U.S.
nuclear business. During a news conference at the ... http://www.japantimes.co.jp/news/2017/02/14/business/corporate-business/ailing-toshiba-looks-book-%C2%A5500-billion-april-december-loss/
Toshiba mulls sell off all of chip business
Electronics EETimes (registration) - 4 hours ago
Struggling Toshiba Corp. could sell a majority, or even the whole, of
its profitable chip business to raise cash to cover a massive write down
in its nuclear power business, according to reports from a news
conference in Tokyo that was described as ...http://www.electronics-eetimes.com/news/toshiba-mulls-sell-all-chip-business
UK Moorside nuclear project in doubt after Toshiba writedown
The Indian Express - 5 hours ago
The future of Britain's new Moorside nuclear plant was thrown into
doubt on Tuesday after Japan's Toshiba Corp, which is developing the
project with France's Engie, said it planned to pull out of the
construction work. Toshiba, which earlier delayed ...http://indianexpress.com/article/world/uk-moorside-nuclear-project-in-doubt-after-toshiba-writedown-4524931/
Toshiba's shareholder equity turns negative after $8.3b writedown
The Australian Financial Review - 4 hours ago
Toshiba is now under pressure to come up with a plan for shoring up its
balance sheet, which was already under strain from a profit-padding
scandal in 2015. AP. Toshiba says it expects to book a ¥712.5 billion
($8.3 billion) writedown in its nuclear ...http://www.afr.com/news/world/toshibas-shareholder-equity-turns-negative-after-83b-writedown-20170214-gud0z2
Chaos At Toshiba: $6.3 Billion Write-Down, Chairman Resigns, Bankruptcy Looms
NDTV - 6 hours ago
Tokyo: The chaos at Toshiba, the Japanese corporate giant, deepened
Tuesday, with its chairman resigning and the company saying it would
book a $6.3 billion loss related to its U.S. nuclear business. Analysts
are now speculating about the possibility ...http://profit.ndtv.com/news/international-business/article-chaos-at-toshiba-6-3-billion-write-down-chairman-resigns-bankruptcy-looms-1659451
Toshiba on the rocks after Japanese giant reveals huge losses
euronews - 8 hours ago
Japanese industrial giant Toshiba's future may be at stake after it
revealed huge financial problems that on Tuesday claimed the company's
boss, Shigenori Shiga, who has shouldered the blame and resigned. First
Toshiba spooked investors by delaying the ..http://www.euronews.com/2017/02/14/toshiba-on-the-rocks-after-japanese-giant-reveals-huge-losses.
Toshiba fuels fear of crisis after delaying earnings report
The Guardian - 10 hours ago
A Westinghouse AP1000 nuclear reactor under construction in China. The
reactors were to be used at a planned £10bn power station at Moorside,
Cumbria. Photograph: PA. Share on Facebook · Share on Twitter · Share
via Email; View more sharing options https://www.theguardian.com/business/2017/feb/14/toshiba-fuels-crisis-fears-delays-earnings-writedown-nuclear-westinghouse
Japan: Toshiba Chairman Resigns Amid Bankruptcy Speculation
STRATFOR - 7 hours ago
Shigenori Shiga, the chairman of Japanese electronics and energy giant
Toshiba Corp., will resign on Feb. 15 to take responsibility for losses
of around $6.3 billion related to the firm's nuclear business, Nikkei
Asian Review and AP reported Feb. 14. https://www.stratfor.com/situation-report/japan-toshiba-chairman-resigns-amid-bankruptcy-speculation
Toshiba chairman to step down over 6.3 bln-USD nuclear business loss
Xinhua - 6 hours ago
TOKYO, Feb. 14 (Xinhua) -- Japanese electronics and energy conglomerate
Toshiba Corp. said Tuesday that its chairman is to step down over an
estimated loss of 712.5 billion yen (6.3 billion U.S. Dollars) from its
U.S. nuclear business. The company said ... http://news.xinhuanet.com/english/2017-02/14/c_136056584.htm
Toshiba tries to staunch nuclear bleeding after $6.3bn writedown
Financial Times - 12 hours ago
Toshiba's history as one of Japan's most innovative multinationals
appeared close to an end on Tuesday after the company said it was
drastically scaling back its nuclear ambitions and may be forced to sell
its flagship technology businesses. Sample the ...https://www.ft.com/content/8ab47c78-f269-11e6-8758-6876151821a6
Toshiba chairman quits post over huge losses
Economic Times - 10 hours ago
TOKYO: Toshiba Corp.'s chairman resigned Tuesday after the company
logged such massive losses in its nuclear business that it must sell its
lucrative computer-chip business to avoid going belly-up. The company
projected a 712.5 billion yen (USD 6.3 ... http://economictimes.indiatimes.com/news/international/business/toshiba-chairman-quits-post-over-huge-losses/articleshow/57145452.cms
Toshiba in need of its own Carlos Ghosn
Nikkei Asian Review - 9 hours ago
TOKYO -- Toshiba has postponed its October-December quarterly earnings
report by up to a month. The business expects to post massive impairment
losses in the quarter on its U.S. nuclear operations. It is the latest
in a series of crises for the ...http://asia.nikkei.com/Business/Companies/Toshiba-in-need-of-its-own-Carlos-Ghosn
Embattled Toshiba 'remains committed' to new nuclear plant in Cumbria
Halesowen News - 7 hours ago
The company building a new nuclear power station in Cumbria insists
Toshiba "remains committed" to the multi billion-pound project despite
doubts after the Japanese giant revealed a huge loss. NuGen said the
planned new plant at Moorside was at the ...http://www.halesowennews.co.uk/news/national/15089944.Embattled_Toshiba__remains_committed__to_new_nuclear_plant_in_Cumbria/
Toshiba's chairman resigns as the company delays reporting its earnings and a £5bn nuclear writedown
City A.M. - 9 hours ago
I am a journalist for City A.M. reporting on the Industrials sector. I
also keep [..] Show more. Follow Courtney.
JAPAN-ELECTRONICS-TOSHIBA-EARNINGS. Toshiba has delayed reporting its
financial results (Source: Getty). Courtney Goldsmith. Toshiba ... http://www.cityam.com/259013/toshibas-chairman-resigns-company-delays-reporting-its
Chaotic Day as Toshiba Details Losses, $6.3 Billion Nuclear Hole
U.S. News & World Report - 5 hours ago
The logo of Toshiba Corp. is seen at the company's facility in
Kawasaki, Japan February 13, 2017. REUTERS/Issei Kato Reuters. TOKYO
(Reuters) - For Japan's Toshiba Corp, Tuesday was a day of last-minute
delays and confusion. It missed its earnings ... http://www.usnews.com/news/top-news/articles/2017-02-14/chaotic-day-as-toshiba-details-losses-63-billion-nuclear-hole
Toshiba dives on shock loss delaying earnings report
The Indian Express - 11 hours ago
The sell-off extended morning losses that were sparked by a report in
Japan's Nikkei business daily, which said Toshiba was going to issue a
warning to shareholders that its future is in jeopardy. By: AFP | Tokyo |
Published:February 14, 2017 2:10 pm. http://indianexpress.com/article/business/companies/toshiba-dives-on-shock-loss-delaying-earnings-report-4523914/
Toshiba seeks to postpone earnings release, will probe Westinghouse
Reuters UK - 13 hours ago
The logo of Toshiba Corp is seen as Window cleaners work on the
company's headquarters in Tokyo, Japan, February 14, 2017. REUTERS/Toru
Hanai. TOKYO Japan's Toshiba Corp (6502.T) said it has asked regulators
to allow it to delay the release of its ...
Toshiba considering total sell off of chip business
Electronics Weekly - 9 hours ago
Toshiba is now considering a total sell off of its chip business
according to the company's president Satoshi Tsunakawa speaking to a
press conference in Japan this morning. Recommended Articles. toshiba
building · Toshiba chip stake gets offers up to ...
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