Toshiba shares tumble after sources say third earnings postponement likely

EghtesadOnline: Shares in Toshiba Corp tumbled on Monday after sources told Reuters that the troubled Japanese conglomerate would likely miss a third deadline to report its quarterly business results.

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Publish Date:03/April/2017 | 13:26

Toshiba Projects Record Loss as Nuclear Unit Files for Bankruptcy

EghtesadOnline: Toshiba Corp. projected its annual loss could more than double to a record 1.01 trillion yen ($9.1 billion) as its U.S. nuclear unit Westinghouse Electric filed for Chapter 11 bankruptcy.

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Publish Date:29/March/2017 | 14:01

How an American Tech Icon Bet on Nuclear -- and Lost its Way

EghtesadOnline: Westinghouse Electric Co., once synonymous with America’s industrial might, wagered its future on nuclear power -- and lost.

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Publish Date:29/March/2017 | 13:39

SK Hynix consortium bids over $9 billion for Toshiba chip unit: Maeil Business

EghtesadOnline: A consortium led by South Korea's SK Hynix Inc has offered to pay more than $9 billion for a majority stake in Toshiba Corp's memory chip business, the Maeil Business Newspaper reported on Wednesday citing unnamed sources.

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Publish Date:29/March/2017 | 09:03

Toshiba decides on Westinghouse bankruptcy, sees $9 billion in charges: sources

EghtesadOnline: Japan's Toshiba Corp has informed its main lenders it is planning for U.S. nuclear unit Westinghouse Electric Co LLC to file for bankruptcy on March 31, people briefed on the matter said on Friday.

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Publish Date:24/March/2017 | 24:16

Toshiba making preparations for sale of stake in chip business: sources

EghtesadOnline: Japan's Toshiba Corp has begun preparations to sell a minority stake in its core chip business, people with knowledge of the matter said, as it urgently seeks funding to avoid being crippled by an upcoming multi-billion dollar writedown.

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Publish Date:20/January/2017 | 14:46

Bain Seeks $7 Billion From Apple for Toshiba Chips Bid

EghtesadOnline: Bain Capital is seeking more financial support from Apple Inc. as it tries to seal its acquisition of Toshiba Corp.’s memory chips business, according to a person familiar with the matter.

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Publish Date:20/September/2017 | 07:06

Toshiba shares slide as crisis deepens, fate of Westinghouse unclear

EghtesadOnline: Shares in Toshiba Corp tumbled on Wednesday after it said it would consider a sale of Westinghouse but did not offer any clarity on whether it would proceed with a Chapter 11 filing for the U.S. nuclear unit - a move that could stem losses.

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Publish Date:15/March/2017 | 06:13

Troubled Nuclear Builder Seen Best Fit for Asian Ambitions

EghtesadOnline: If Japan’s Toshiba Corp. parts ways with its embattled U.S. nuclear unit, Westinghouse Electric Co., the likely buyer may be a regional neighbor with global ambitions.

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Publish Date:13/March/2017 | 05:20

Nuclear write-down leaves Toshiba with $3.5-billion loss in third-quarter: Nikkei

EghtesadOnline: Japanese conglomerate Toshiba Corp probably suffered a group net loss of about 400 billion yen ($3.52 billion) in the nine months through December, the Nikkei reported on Sunday.

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Publish Date:12/February/2017 | 05:38

As nuclear loss grows, Toshiba needs chip investors, soon

EghtesadOnline: With mounting writedowns from its nuclear business, Japan's Toshiba Corp is looking to sell part of its core semiconductors business, a world No.2 in the flash memory chips used in smartphones.

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Publish Date:22/January/2017 | 05:21

Toshiba ’s Looming Writedown Wipes Out Gain From 2016 Share Rally

EghtesadOnline: Toshiba Corp.’s impending multibillion-dollar writedown has triggered one of the worst-ever share declines for a major Japanese company, with ratings downgrades and investor pessimism erasing almost all of its 87 percent rally this year.

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Publish Date:29/December/2016 | 18:48

Toshiba Drops on Reports of Nuclear Unit’s $4.3 Billion Loss

EghtesadOnline: Toshiba Corp. posted its biggest decline since May 2015 after reports that it may book a loss of as much as 500 billion yen ($4.3 billion) on its U.S. nuclear operations.

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Publish Date:27/December/2016 | 04:30