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April 25, 2024
 

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WESTINGHOUSE

Japan Times
WORLD / Politics
Jul 30, 2019
Billionaire friend of Trump aimed to profit from Middle East nuclear deal, congressional report says
Tom Barrack, a billionaire and friend of U.S. President Donald Trump, pursued a plan to buy Westinghouse Electric Corp. from Toshiba Corp. even as he lobbied Trump to become a special envoy to promote the building by the firm of nuclear power plants in Saudi Arabia, said a congressional report released on Monday.
Japan Times
BUSINESS / Companies
Apr 2, 2019
Made-in-China reactor gains favor at home as U.S. nuclear technology falters
China's homegrown nuclear technology is gaining ground in the battle for that nation's next generation of reactors, according to a state-owned developer, as it seeks to move on after delays and cost blowouts from imported designs.
BUSINESS / Companies
Oct 26, 2018
As sell-off negotiations stall, Toshiba eyes dissolving British nuclear unit NuGeneration
Toshiba Corp. is considering dissolving its British nuclear subsidiary, NuGeneration Ltd., as negotiations for its sell-off have stalled, sources close to the matter said Friday.
Japan Times
WORLD / Crime & Legal
Oct 5, 2018
U.S. indicts seven Russians in hacking of nuclear firm Westinghouse and chemical arms investigative body
The United States on Thursday charged seven Russian intelligence officers with conspiring to hack computers and steal data from the nuclear energy company Westinghouse Electric Co. as well as anti-doping watchdogs, sporting federations and an international agency probing the use of chemical weapons.
Japan Times
BUSINESS / Companies
Jan 18, 2018
Troubled Toshiba plans to eliminate negative net worth by selling Westinghouse claims to U.S. hedge fund
Toshiba Corp. said Thursday it is set to eliminate its negative net worth and improve its finances by some ¥410 billion ($3.68 billion) after agreeing to sell its claims in its now-bankrupt U.S. nuclear unit to a U.S. hedge fund.
BUSINESS / Companies
Jan 5, 2018
Brookfield agrees to buy Westinghouse's global nuclear business from Toshiba
The future of Westinghouse Electric Co.'s global nuclear business now rests in the hands of Brookfield Asset Management Inc.'s private equity arm.
BUSINESS / Companies
Nov 22, 2017
Toshiba share sale opens door to David Einhorn, Daniel Loeb, other activists angling for shakeup
Toshiba Corp.'s plan to raise more money may bring in vocal investors more willing to take an active role in the electronics maker's affairs.
BUSINESS
Nov 21, 2017
Westinghouse discussing group bid for Saudi nuclear tender, sources say
Toshiba-owned Westinghouse is in talks with other U.S-based companies to form a consortium to bid in a multibillion-dollar tender for two nuclear power reactors in Saudi Arabia, three industry sources said.
BUSINESS
Sep 24, 2017
Probe Toshiba's latest results for misstatements, SESC staffers urge
Members of the Securities and Exchange Surveillance Commission are calling for an investigation to be opened into Toshiba Corp.'s fiscal 2016 results, claiming they contain significant misstatements, sources close to the matter said Saturday.
EDITORIALS
Aug 22, 2017
Still a long way to go for Toshiba
Toshiba has a long way to go before it's in the clear.
Japan Times
BUSINESS / Companies / FOCUS
Aug 11, 2017
Toshiba averts delisting for now, but future still hangs in balance
While Toshiba appears to have averted the risk of immediate delisting from the Tokyo Stock Exchange by submitting its annual financial results with sign-off by an auditor ahead of the deadline, the Japanese conglomerate's prospects of maintaining its listing remain far from certain.
Japan Times
BUSINESS / Companies
Aug 10, 2017
Toshiba ducks delisting by submitting long overdue financial report
Struggling Toshiba Corp. dodged delisting Thursday by submitting its annual business report for 2016 just before deadline, accompanied by a shaky sign-off from its auditor.
Japan Times
BUSINESS
Jul 3, 2017
Westinghouse could be sold by year's end, U.S. seen telling India
The U.S. administration has told India that Westinghouse Electric Co. will emerge from bankruptcy and be sold by the year end, industry and diplomatic sources have said, raising the prospect of a Washington-supported sale or bailout for the nuclear firm.
Japan Times
BUSINESS
Jun 21, 2017
Toshiba selects three-way tie-up for chip unit sale, appearing to prioritize government concerns
Toshiba Corp. has chosen a consortium formed by Japanese, South Korean and U.S. investors as the preferred bidder for the sale of its flash memory business, the company said Wednesday, in a move that appears to have prioritized government concerns.
BUSINESS
May 18, 2017
Indian Cabinet approves plans to build 10 reactors in bid to fast-track nuclear power quest
India's Cabinet approved plans on Wednesday to build 10 nuclear reactors with a combined capacity of 7,000 megawatts, more than the country's entire current capacity, to fast-track its domestic nuclear power program.
Japan Times
BUSINESS / Companies
Apr 27, 2017
Future of Westinghouse may hinge on fate of its new Shanghai reactor
The start-up of a nuclear power plant south of Shanghai later this year has a lot riding on it.
BUSINESS / Companies
Apr 14, 2017
Apple said considering helping Toshiba with chip unit investment
Apple Inc. may be coming to Toshiba Corp.'s rescue.
Japan Times
BUSINESS / Companies
Apr 10, 2017
Toshiba mulls selling unprofitable domestic TV business
Toshiba Corp. is reportedly considering selling its unprofitable domestic television business in an effort to boost its financial standing.
BUSINESS
Apr 7, 2017
Trump, Tokyo huddle on ways to keep Westinghouse out of China's hands
The Trump administration and the Japanese government are in discussions to ensure that the bankruptcy of Toshiba Corp.'s U.S. unit, Westinghouse Electric Co., does not lead to U.S. technology secrets and infrastructure falling into Chinese hands, a U.S. official said on Thursday.
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.
'Sugar Baby Riri' gets nine-year prison term over romance scam
Mai Watanabe, who went by the moniker “Sugar Baby Riri,” dated older men and swindled them out of money by telling them fictitious heartbreaking stories about herself to gain their sympathy.
Over 40% of Japan's municipalities at risk of vanishing, study finds
Of 1,729 local municipalities nationwide, 744 have been identified as being at risk of disappearing.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Tokyo issues strong warning on yen intervention as currency dips further
Finance Minister Shunichi Suzuki speaks during a meeting with U.S. Treasury Secretary Janet Yellen and South Korean Finance Minister Choi Sang-mok on the sidelines of IMF and G20 meetings in Washington last week.
Princess Aiko makes debut at imperial garden party
Princess Aiko attends an imperial garden party in Tokyo on Tuesday.
For amateur sumo, a fresh start offers hope against time-wasting and gamesmanship
Wrestlers prepare for the start of a bout at the 2023 Sumo World Championships in Tokyo. Starting this month, placing one hand on the clay first is no longer allowed.
LDP veteran Nikai's youngest son expected to succeed him in Wakayama
Toshihiro Nikai, former secretary-general of the Liberal Democratic Party, announced in March that he would not run in the next Lower House election to take responsibility for the political funds scandal that rocked his party and his own faction.
New workers name Shohei Ohtani as 'dream boss' for two years running
Shohei Ohtani has been overwhelmingly voted as the “dream boss” for people who started working in April, according to a survey.
A craft beer crawl through Tokyo’s top bars, brewpubs and dives
If all you drink is Asahi, Sapporo and Kirin, you're depriving yourself of some of the best craft beer Tokyo has to offer — and there sure is a lot of it out there.
'Sugar Baby Riri' gets nine-year prison term over romance scam
Mai Watanabe, who went by the moniker “Sugar Baby Riri,” dated older men and swindled them out of money by telling them fictitious heartbreaking stories about herself to gain their sympathy.

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