Business Apr 5, 2017

Trump officials alarmed China may bid for Toshiba's Westinghouse unit

The Trump administration is so alarmed that Chinese investors may try to purchase Westinghouse Electric Co.'s nuclear business that U.S. officials are trying to find an American or allied buyer for the company instead, two people familiar with the matter said. Cabinet members including Energy ...

Toshiba claims ignorance in Westinghouse scandal

Business / Corporate Nov 27, 2015

Toshiba claims ignorance in Westinghouse scandal

by Kazuaki Nagata

Scandal-hit Toshiba Corp. apologized Friday for not disclosing the massive impairment loss of U.S. nuclear power plant maker Westinghouse Electric Co. and vowed to be committed to more proactive information disclosure. Earlier this month, weekly magazine Nikkei Business reported that Toshiba did not disclose the ...