Toshiba says Westinghouse board to decide on bankruptcy

Business / Corporate Mar 23, 2017

Toshiba says Westinghouse board to decide on bankruptcy

Toshiba Corp. said the board of its nuclear unit Westinghouse will decide whether to file for bankruptcy, suggesting that is one option under consideration as it struggles with billions of dollars in liabilities from cost overruns on nuclear construction projects. "Whether or not Westinghouse files ...

Business / Corporate May 24, 2016

Sharp to keep solar panel business under Taiwan's Hon Hai

Sharp Corp. is set to retain its struggling solar panel business, judging that it can become profitable with the help of Taiwan's Hon Hai Precision Industry Co., according to an in-house document. In the document posted Monday on its website for employees, Sharp President Kozo ...

Business / Corporate Jan 29, 2016

Mitsui O.S.K. expects to sink into red ink for business 2015

Shipping giant Mitsui O.S.K. Lines Ltd. said Friday it will fall into the red in the business year ending in March after incurring huge restructuring costs amid deteriorating profitability on sluggish demand linked to China's economic slowdown. The company is forecasting a consolidated net loss ...