Welcome to The Forum

Register now to gain access to all of our features. Once registered and logged in, you will be able to create topics, post replies to existing threads

View basic rules for our forums

Toshiba In $5.9 Billion Asset Sale, Shares Hit By Report Of U.s. Probe

Ron Burgundy

By Ron Burgundy,
in Tech News

 Share

Recommended Posts

Ron Burgundy Omniscient Member

Ron Burgundy

Posted
Posted

The logo of Toshiba Corp is seen behind trees at its headquarters in TokyoBy Makiko Yamazaki and Ritsuko Ando TOKYO (Reuters) - Japan's Toshiba Corp announced a $5.9 billion asset sale and a big investment in its chip business on Thursday, but saw its shares slide on a report that U.S. authorities were investigating accounting related to its Westinghouse nuclear power unit. The electronics conglomerate has been eager to put last year's $1.3 billion accounting scandal behind it and move on with streamlining its bloated businesses, whose poor performances have been masked by years of false bookkeeping. Toshiba Chief Executive Masashi Muromachi, who has already announced more than 10,000 jobs cuts, is due to unveil a new business strategy on Friday.




View the full article
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
Go to topic listing