Jun 5, 2015

Toshiba may skip summer bonuses for execs

Toshiba Corp., hit by an accounting scandal, may skip this year’s summer bonuses for its executives, informed sources said Friday. The machinery giant is mulling the move because the company has been unable to finalize its earnings report for fiscal 2014, which ended in ...

May 27, 2015

Toshiba execs to have salaries cut by up to 50%

All 41 executive officers of Toshiba Corp. will have their salaries cut by up to 50 percent as the company takes responsibility for accounting irregularities, sources close to the matter said Wednesday. The pay cuts, which range between 10 percent and 50 percent, will ...

Giants Sharp, Toshiba face dire prospects

| May 25, 2015

Giants Sharp, Toshiba face dire prospects

by Tomoyuki Tachikawa

Several electronics makers have regained profitability largely thanks to restructuring measures and the weakening of the yen, but Sharp Corp. and Toshiba Corp. are unlikely to catch up with their domestic rivals soon. Struggling Sharp’s latest rehabilitation plan got a cold reception from the ...

May 22, 2015

Toshiba expands probe into accounting irregularities in several projects

Toshiba Corp. said Friday it will expand the scope of an independent investigation into the its accounting practices. The probe will cover Toshiba’s television, personal computer and semiconductor operations, in addition to its infrastructure business. Toshiba launched an independent investigation panel on May 15, ...

Share index may hit the off switch on Toshiba

May 15, 2015

Share index may hit the off switch on Toshiba

Add the prospect of being dumped from Japan’s best-stocks index to Toshiba Corp.’s woes. The Tokyo-based manufacturer, mired in an accounting probe, is racing against the June 30 deadline when members of the JPX-Nikkei Index 400 will be reassessed. Toshiba risks losing its place ...

Feb 17, 2015

Russian researchers expose breakthrough U.S. spying program

The U.S. National Security Agency has figured out how to hide spying software deep within hard drives made by Western Digital, Seagate, Toshiba and other top manufacturers, giving the agency the means to eavesdrop on the majority of the world’s computers, according to cyber ...