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May 05, 2024
 

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WESTINGHOUSE

Japan Times
BUSINESS / Companies / FOCUS
Mar 31, 2017
Toshiba's U.S. unit bankruptcy dims Japan's nuclear ambitions
The bankruptcy filing by Toshiba Corp.'s U.S. nuclear unit highlights the tough business climate in the sector and the scale of the challenge Japan faces in seeking to sell its nuclear technology abroad.
Japan Times
BUSINESS / Companies
Mar 30, 2017
Failed gamble leaves Toshiba investors irate
Shareholders on Thursday slammed management for a disastrous plunge caused by the company's nuclear investment, questioning whether the 142-year-old conglomerate can survive the aftermath.
Japan Times
BUSINESS / Companies / FOCUS
Mar 30, 2017
American tech icon Westinghouse bet on nuclear, and lost
Westinghouse Electric Co., once synonymous with America's industrial might, wagered its future on nuclear power — and lost.
BUSINESS / Companies
Mar 24, 2017
Toshiba finalizing Chapter 11 plan for troubled Westinghouse
Toshiba Corp. is finalizing a plan to let its troubled U.S. nuclear unit Westinghouse Electric Co. file for Chapter 11 bankruptcy protection by the end of the month, sources close to the matter said Friday.
Japan Times
BUSINESS / Companies
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.
Japan Times
JAPAN / NATIONAL SPOTLIGHT
Mar 19, 2017
Shareholders, former employees watch as Toshiba's fortunes fall
Shareholders, former workers brace for impact as ailing 142-year-old electronics conglomerate appears bound for crisis.
Japan Times
JAPAN / NATIONAL SPOTLIGHT
Mar 19, 2017
Toshiba turnaround hopes, planned sale of Westinghouse find skeptics
Toshiba Corp. has been forced to sell off a number of its businesses as it continues to lose money since its accounting scandal broke in 2015, and is now burdened with its troubled U.S. nuclear unit Westinghouse Electric Co.
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.
Japan Times
BUSINESS / Companies
Mar 16, 2017
Toshiba offers new collateral in bid to get lenders to roll over loans till end of April
Toshiba Corp. has offered to provide more collateral, including shares of its prized memory chip unit, to its creditor banks, asking them to roll over their loans until the end of April.
Japan Times
BUSINESS / Companies
Mar 14, 2017
Toshiba mulls sale of majority stake in Westinghouse
Struggling Toshiba Corp. says it is considering selling a majority stake in its U.S. nuclear unit, Westinghouse Electric Co., aiming to stem further losses from the troubled business.
Japan Times
BUSINESS / Companies
Mar 14, 2017
Toshiba's troubled Westinghouse may be strategic fit for China or South Korea
If Toshiba Corp. parts ways with its embattled U.S. nuclear unit, Westinghouse Electric Co., the likely buyer may be a regional neighbor with global ambitions.
BUSINESS / Companies
Mar 13, 2017
Toshiba reportedly to push back release of earnings again
Sources say Toshiba Corp. will once again push back the release of its financial results after missing the initial deadline a month ago to probe a potential auditing problem at its U.S. nuclear unit, Westinghouse.
Japan Times
BUSINESS / Companies
Mar 10, 2017
Concerns emerge over guarantee for Toshiba's U.S. nuclear project
Concerns about a potential burden on American taxpayers have emerged as Toshiba Corp. is considering the option of a Chapter 11 bankruptcy for its troubled U.S. nuclear unit Westinghouse Electric Co., according to sources close to the matter.
BUSINESS / Companies
Feb 24, 2017
Toshiba's U.S. unit Westinghouse to explore Chapter 11 bankruptcy: sources
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.
BUSINESS / Companies
Feb 17, 2017
Toshiba U.S. unit executives pressured workers to understate losses: sources
Executives at Toshiba Corp.'s troubled U.S. nuclear unit pressured subordinates to understate losses related to nuclear plant construction, sources said Thursday.
Japan Times
BUSINESS / Companies
Feb 16, 2017
Toshiba won't sell chip business before end of fiscal year, source says
Toshiba decides against selling stakes in its chip business for the time being, making it certain the ailing conglomerate will have a negative net worth by the year's end.
Japan Times
BUSINESS / Companies
Feb 15, 2017
Toshiba's latest confusion could complicate path to revival
Another scandal, revealed by a whistleblower, has hit already-embattled Toshiba Corp., further eroding the market credibility of its corporate governance.
Japan Times
BUSINESS / Companies
Feb 14, 2017
Toshiba says it is now considering selling majority stake in flash memory spinoff
Toshiba Corp.'s president said Tuesday the ailing electronics giant may sell a majority stake in its flash memory operations to cover losses caused by massive write-downs on its U.S. nuclear business.
Japan Times
BUSINESS / Companies
Feb 13, 2017
Toshiba's nuclear reactor mess winds back to a Louisiana swamp
If you want to understand why Toshiba is about to report a multi-billion dollar writedown on its nuclear reactor business, the story begins and ends with a onetime pipe manufacturer with roots in the swamp country of Louisiana.
Japan Times
BUSINESS
Feb 8, 2017
Reactor renaissance stymied by costly delays, strict safety regimens
Costly delays, growing complexity and new safety requirements in the wake of the three meltdowns at the Fukushima No. 1 plant are conspiring to thwart a new age of nuclear reactor construction.
Japan says Biden's description of nation as xenophobic is 'unfortunate'
The National Diet building in Tokyo
With eye on China, defense chiefs agree to bolster interoperability
From left: U.S. Secretary of Defense Lloyd Austin, Australian defense chief Richard Marles, Japanese Defense Minister Minoru Kihara and Philippine Defense Secretary Gilberto Teodoro hold a joint news conference in Honolulu on Thursday.
The 'outsiders' creating some of Japan's greenest spaces
Rows of irises resemble a rice field at the Peter Walker-designed Toyota Municipal Museum of Art.
Japan drops to 70th in press freedom rankings
A businessman reads a newspaper outside a train station in Tokyo.
Traders spooked by intervention risk trim record yen shorts
Traders edged back from record bets on yen weakness this past week, in a period that included a likely bout of intervention by Japan to prop up the currency.
Kishida sets sights on energy and climate in South America trip
Prime Minister Fumio Kishida will use a policy speech in Sao Paulo to set out his vision for ties between Japan and South America, almost 10 years after former Prime Minister Shinzo Abe advocated for stronger ties between the two in the same city.
Yellow sand allergy: A health issue made worse by climate change
A screenshot of the Meteorological Agency's satellite image of clouds and yellow sand (in pink) on Sunday.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.

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