Tagged With "nuclear"

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Toshiba to sell part of chip business, puts overseas nuclear ops under review

Art Post · 1/27/1710:56 PM

Toshiba Corp ( 6502.T ) said it will sell a minority stake in its memory chip business as it urgently seeks funds to offset an imminent multi-billion dollar writedown, adding that its overseas nuclear division - the cause of its woes - was now under review. The drastic measures are set to be just some of the tough choices the Japanese conglomerate will have to take as proceeds from the sale are likely to only cover part of a charge that domestic media has put at $6 billion. Still battered by...

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Toshiba to sell part of chip business, puts overseas nuclear ops under review

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