TOKYO On March 14, Toshiba announced that it will sell its majority stake in U.S. nuclear power subsidiary Westinghouse Electric, pulling out of an overseas business that had made huge losses. The industrial conglomerate also plans to offload its memory chip unit as it tries to revive its fortunes by focusing on infrastructure.
These moves have done little to restore Toshiba's tarnished credibility, however, as it postponed its earnings announcement to April 11, the second time it has done so. read the rest here