Toshiba chairman Shigenori Shiga quits post over huge losses
Tuesday, 14 February 2017 () Toshiba said on Tuesday its chairman Shigenori Shiga was stepping down from his post as the company warned it was set to book multi-billion-dollar losses in its US nuclear business.
After a day of delays and confusion, Japan's Toshiba Corp said on Tuesday it would book a $6.3 billion hit to its U.S. nuclear unit, a write-down that wipes out its shareholder equity and leaves the loss-making group scrambling for capital. The company also said on Tuesday that its chairman,...
Toshiba shares fell 8 percent on Tuesday as the company took a $6.3 billion writedown related to its struggling nuclear power business and delayed the release of... E-Commerce Times - InternetAlso reported by •DNA