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. Westinghouse filed for ...

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 Mar 17, 2017

Stability of ailing Westinghouse parent Toshiba is vital, U.S. tells Japan

U.S. Cabinet members told Japanese industry minister Hiroshige Seko on Thursday that the United States regards the fiscal stability of Toshiba Corp., the ailing parent company of Westinghouse Electric Co., as extremely important. Speaking to reporters after separate talks with Energy Secretary Rick Perry and ...