• Kyodo

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Toshiba Corp. will explore Chapter 11 bankruptcy for U.S. nuclear power unit Westinghouse Electric Co. among options to rebuild the business while using proceeds from the sale of its mainstay chip business to continue operating it, sources close to the matter said Friday.

Toshiba said earlier this week it expects to post a loss of ¥712.5 billion ($6.32 billion) for the April-December period after already posting ¥250 billion in losses in the previous business year through last March.

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