Reuters reports that Toshiba will put its Westinghouse nuclear unit into Chapter 11 and take a $9 billion charge on its losses. The move would limit future liabilities from the unit. The Singapore investment fund Effissimo increased its stake in Toshiba to over 8% as shares rose 7.6%. Toshiba has received interest in the sale ...
Read full article: Toshiba ponders Chapter 11 for nuclear unit
from Electronics Weekly http://www.electronicsweekly.com/news/business/toehiba-ponders-chapter-11-nuclear-unit-2017-03/
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