Ron Burgundy Posted February 14, 2017 Share Posted February 14, 2017 By Makiko Yamazaki TOKYO (Reuters) - Japan's Toshiba Corp shocked investors on Tuesday with a last-minute delay to a long-awaited financial update, saying it needed more time to probe its Westinghouse nuclear business. Toshiba had been expected to release third-quarter earnings on Tuesday, including the exact size of a writedown for its U.S. nuclear business that is expected to top $6 billion due to hefty cost overruns at two projects, as well as planned remedies. Toshiba said it was seeking approval from regulators to delay its third-quarter earnings release to March 14, as it further investigated Westinghouse, the U.S. nuclear business it bought a decade ago. View the full article Quote Link to comment Share on other sites More sharing options...
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