Wed, Dec 28, 2016
A looming writedown at Japanese conglomerate Toshiba Corporation has wiped almost $5 billion off its value in two days and prompted a credit rating downgrade on Wednesday, as the company grapples to plug a potential multi-billion dollar hole.
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Tue, Dec 27, 2016
Toshiba Corporation said on Tuesday it may book a goodwill impairment loss of several hundreds of billion yen on a US nuclear power acquisition made by its Westinghouse division, sending its stock tumbling 12%.
Fri, Nov 11, 2016
Toshiba said on Friday its half-year profit tripled, owing to cost cuts and the sale of its home appliances business, providing a boost to the firm as it tries to turn the page on an embarrassing accounting scandal.
Thu, Oct 13, 2016
A group of investors, mostly foreign institutions, are suing Toshiba Corporation in a Tokyo court for 16.7 billion yen ($162.3 million or nearly Rs 1,079.74 crore ) in damages, over a $1.3 billion (nearly Rs 8,648.6 crore) accounting scandal uncovered last year.
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