Tagged With "Toshiba America Business Solutions"

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Toshiba America Business Solutions, Inc. Names Larry White its Chief Revenue Officer

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IRVINE, Calif.- -( BUSINESS WIRE )– Toshiba America Business Solutions, Inc. (TABS) today announced that Larry White has been named its Chief Revenue Officer effective immediately. White, a 21-year veteran of Toshiba, had previously served as its Senior Vice President of Sales for the Americas. In this newly created position, White will be responsible for achieving company revenue objectives, developing revenue and profit growth strategies and driving customer value through both the...
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TOSHIBA AMERICA BUSINESS SOLUTIONS NAMES SCOTT MACCABE NEW PRESIDENT AND CEO

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Bob Greenhalgh Joins Executive Team as President of Toshiba Business Solutions IRVINE, Calif. (July 1, 2013) — Toshiba America Business Solutions, Inc. (TABS) ( http://business.toshiba.com ) today appoints Scott Maccabe as its new president and chief executive officer replacing interim president and CEO, Noboru Sawada. Maccabe has held a variety of senior sales and general management positions during his 37-year career in the IT industry, including roles at Quantum, Vangard, Fujitsu Computer...
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Toshiba’s State-of-the-Art Eco Copier Wins 2018 Better Buys Innovative Product of Year Award

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LAKE FOREST, Calif.--(Business Wire)-- Toshiba America Business Solutions ’ groundbreaking hybrid copier, the e-STUDIO ™ 4508LP , continues to receive industry accolades earning the Better Buys 2018 Innovative Product of the Year award for best monochrome copier. Better Buys’ editors recognized Toshiba’s first-of-its-kind copier for its capability to produce both erasable and standard black prints. The Lake Forest, California technology innovator’s adoption of erasable toner within its...
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Loma Terrace wins free Eco-friendly copy machine from Toshiba

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Loma Terrace Elementary School was named one of 250 schools across the country to win a free eco-friendly color copy machine from Toshiba America Business Solutions. The new machine will help Loma Terrace reduce its carbon footprint, reduce waste, save money on printer-related costs, all while teaching students the importance of being environmentally friendly. The school is one of two winners in the El Paso region to have the new system donated. This prize is another example of the...
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Re: Toshiba looking to see more of its many assets (Sale of Toshiba Tec Quicker Way to Generate Cash)

Art Post ·
The above thread is a writer making some assumptions. His assumption is that Toshiba Tec would make a quicker and easier sale for Toshiba to generate cash. TOSHIBA TEC CORPORATION is a Japan-based company mainly engaged in the development, manufacture, sale and maintenance of office equipment and electrical machinery. The Company operates in two business segments. The System Solution segment is involved in the development, manufacture, sale and maintenance of point-of-sale (POS) systems,...
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Re: Toshiba in Talks to Sell PC Unit to Taiwan's Asus

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yesterday it was this headline: Toshiba on Wednesday announced plans to sell 95% stake in its TV business unit to Hisense Electric for approximately $114 million. Today it's the PC business, tomorrow?
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Re: Lawsuit fines Toshiba and other tech companies for price-fixing conspiracy

Art Post ·
from the same company that brought us the submarine technology scandal back in 1987 http://articles.chicagotribune...ne-senate-trade-bill
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Re: Toshiba slashing stake in Shibaura Mechatronics

Art Post ·
The fire sale continues
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Re: Toshiba to pay 2 utilities $2 billion for nuclear reactors

Art Post ·
Will there be any cash left after Toshiba completes the chip sale?
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Here’s Why Toshiba Shares Are Tanking Yet Again

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Toshiba asked creditor banks for a new loan and offered as collateral a stake in its memory chip unit that is being split off , sources said, underlining the firm's growing financial woes as it braces for a multi-billion dollar loss. The TVs-to-construction Japanese conglomerate expects to book a net loss of about $9 billion for the year ended March, due to a writedown related to cost overruns at its U.S. nuclear unit Westinghouse that recently went bankrupt. Toshiba has put up most or even...
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It ain’t over til it’s over – and WD’s spat with Toshiba is far from over …

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In a recent blog on the sale by Toshiba of its memory operations, I noted that the shadow of Western Digital (WD) was looming over the deal. 'Let’s just say the memory company isn’t happy’, I suggested. Confirmation of that has arrived in the shape of a Q&A posted on WD’s website. The document leaves no doubt that WD – which acquired SanDisk in a $19billion deal last year – isn’t going to go quietly. Even before Toshiba announced the deal with the Bain-SK Hynix consortium, it had started...
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It's The End of Toshiba As You Know It

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Japan’s Toshiba Corp said Monday it will cut nearly 7,000 consumer electronics jobs after a $1.3 billion accounting scandal , in an overhaul that will streamline the sprawling conglomerate into a company focused on chips and nuclear energy. Toshiba also said it would sell its television manufacturing plant in Indonesia, and that eventual job cuts spanning the entire PC-to-nuclear company could be over 10,000 including previously announced cuts and those seeking voluntary early retirement.
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Japan's struggling Toshiba logs $436 mn loss in first half

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Troubled Japanese conglomerate Toshiba said today it logged a net loss of $436 million for the fiscal first half, as it moves to complete a multi-billion-dollar sale of its chip business to restore its balance sheet. The Tokyo-based firm said the loss was mainly due to the tax impact associated with the deal to sell the chip unit to a consortium led by Bain Capital. http://www.moneycontrol.com/news/world/international-results/japans-struggling-toshiba-logs-436-mn-loss-in-first-half-2433707.html
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Toshiba completes sale of Westinghouse claims, replenishes finances

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The $2.16 billion sale, to a group of hedge funds led by the Baupost Group, will also come with tax benefits and improves Toshiba’s balance sheet by about 410 billion yen ($3.7 billion). Liabilities at Westinghouse plunged Toshiba into crisis last year, and the beleaguered Japanese firm put up its prized memory chip business - the world’s second biggest producer of NAND memory chips - for $18 billion. Toshiba also plans to transfer its stake in Westinghouse to Canada’s Brookfield Business...
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Toshiba considering $5.3 billion capital injection

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TOKYO (Reuters) - Toshiba Corp, desperate for cash to avoid a possible delisting, is considering raising about 600 billion yen ($5.3 billion) by offering new shares in a third-party allotment, a person briefed on the matter said on Friday. FILE PHOTO: Shoppers look at Toshiba Corp's Regza television at an electronics store in Yokohama, south of Tokyo, June 25, 2013. REUTERS/Toru Hanai/File Photo The Japanese conglomerate has received proposals from several domestic and overseas brokerages...
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Toshiba deal stymied by payment issue

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Toshiba’s plan to sell its memory unit to a Bain/INCJ/Hynix consortium for $19 billion ran into trouble because the consortium wants to pay in installments and Toshiba wants the money up front, reports Bloomberg . This has prompted last week’s move to re-open talks with Western Digital and Hon Hai about selling the business to them. Hon Hai is said to have offered $30 billion. Meanwhile the dispute with Western Digital over whether Toshiba has the right to sell the business gets increasingly...
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Toshiba empire crumbles as talent, morale drain away

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Rivals have forged ahead with investment as unit sale process has dragged KOTARO HOSOKAWA and YUKIHIRO OMOTO, Nikkei staff writers Toshiba's memory chip factory in Yokkaichi, Japan. (Photo by Takuya Imai) TOKYO -- Toshiba on Wednesday finally decided to sell its prized memory unit to a consortium led by U.S. investment fund Bain Capital, with South Korean chipmaker SK Hynix and Apple also on board. But the Japanese conglomerate faces a fresh set of challenges, including possible legal action...
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Toshiba gets auditors’ signoff, avoiding delisting for now

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TOKYO — Auditors signed off, belatedly, on Toshiba Corp.’s earnings Thursday, meaning the embattled Japanese electronics and nuclear company will likely avert delisting, for now. But the auditors, PriceWaterhouseCoopers Aarata, cautioned about remaining risks in a separate statement. The approval had not come on schedule because of concerns about Toshiba’s money-losing nuclear business in the United States. Toshiba’s U.S. nuclear unit, Westinghouse Electric Co., filed for bankruptcy...
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Toshiba Has Chosen a Buyer for its Chip Business

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Toshiba ( TOSYY ) is said to have made the decision to choose a Japanese government-led group of Japanese, U.S., and South Korean firms to buy its semiconductor business, Reuters reports, citing sources. The consortium's bid clears Toshiba's minimum of 2 trillion yen, or $18 billion. Toshiba is looking to sell the chip unit in order to cover billions of dollars in losses from its now bankrupt U.S. nuclear unit. The group includes Japanese state-backed fund Innovation Network Corp of Japan,...
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Toshiba in Talks to Sell PC Unit to Taiwan's Asus

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Toshiba's ( TOSYY ) tumultuous year just took another turn. The Japanese electronics giant, whose stock is lower over 27% year-over-year, needs cash to meet obligations from its failed U.S. nuclear unit Westinghouse Electric and cover a negative equity shortfall that threatens it with delisting next year. To combat this, Toshiba has already agreed to sell 49.9% of the memory chip unit to a Bain Capital-led consortium for roughly $18 billion. On Thursday, a report from Nikkei Asian Review...
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Toshiba is exploring its options in case the $18 billion sale of its chip unit doesn't close on time

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(Reuters) - Toshiba Corp said it is considering various measures in case the $18 billion sale of its chip unit does not close by the end of the financial year and leaves the embattled conglomerate short of funds needed to ensure it stays listed. The deal needs to close by end-March or Toshiba will likely report negative net worth - where liabilities exceed assets - for a second year running. That could trigger an automatic delisting from the Tokyo Stock Exchange. "Nothing has been decided,...
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Toshiba looking to see more of its many assets (Sale of Toshiba Tec Quicker Way to Generate Cash)

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Toshiba is looking to sell more assets to repair a balance sheet facing multibillion-dollar writedowns. The conglomerate happens to have more than 600 different businesses, but raising cash from the fire sale will be far from simple. While Toshiba's two biggest enterprises are nuclear reactors and semiconductors, the Tokyo-based company also has its hands in a wide range of endeavors, including elevators, a general hospital, software services and light bulbs. It even had a lettuce-growing...
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Toshiba May Miss Deadline for Chip Sale -- And Reap Billions

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increasingly likely Toshiba Corp. will miss a March deadline for closing the sale of its memory chip business. That could turn out to be $4 billion worth of good news for the Japanese conglomerate. The company agreed to sell the crown-jewel memory unit to a consortium led by Bain Capital to avoid delisting after billions of dollars of losses in its nuclear energy operations. But China has yet to grant approval for the deal and regulators are unlikely to sign off before the contract’s March...
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Toshiba: Not true auditor told co it can't form opinion on annual report

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TOKYO (Reuters) - Toshiba Corp (T: 6502 ) on Thursday denied a media report that the company was told by its auditor that it would not provide an opinion, or an endorsement, for its annual report. Toshiba has been unable to file an audited financial report for the year ended March. It has been at odds with auditor PricewaterhouseCoopers Aarata (PwC) since a surprise writedown at its now-bankrupt Westinghouse nuclear unit. Toshiba's shares fell as much as 5.8 percent after the Asahi newspaper...
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Toshiba plans spin-offs to speed reconstruction process

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Toshiba, which is undergoing business reconstruction, intends to spin off its main businesses, such as social infrastructure and energy, it was learned Tuesday. Toshiba aims to speed up the decision-making process in each of its business areas so that reconstruction of its management can proceed more quickly. Under the current plan, four businesses will be spun off: social infrastructure; energy such as thermal power plants; electronic devices other than memory chips; and ICT solutions,...
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Toshiba Regains Access to Credit Line but Tough Conditions Applied: Sources

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TOKYO — Crisis-hit Toshiba Corp has regained access to a crucial $6 billion credit line after stumping up shares in its chip unit as collateral but its lenders have imposed tough conditions, banking sources with direct knowledge of the matter said. Hit by massive cost overruns at its now bankrupt U.S. nuclear unit, Toshiba needs billions of dollars in fresh loans to tide it over before it can complete the $18 billion sale of the memory chip unit, which has currently stalled. Its banks, which...
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Toshiba's temporary fixes could spell permanent trouble

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TOKYO -- Battered by a huge loss in its nuclear business, Toshiba is once again letting go of one of its few remaining strengths. Last year, the struggling Japanese electronics giant sold its profitable medical systems unit to Canon . Now, it has decided to spin off its semiconductor unit and sell a minority stake in the new company. This is significant given that Toshiba and Samsung Electronics of South Korea have been the dominant players in the global memory chip market. The moves may...
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Toshiba says sued by another group of foreign investors

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TOKYO (Reuters) - Toshiba Corp <6502.T> said on Thursday it has been sued by another group of foreign investors, for 21.8 billion yen ($194 million), over its massive accounting scandal uncovered two years ago. The Japanese company has now been sued for total damages of 139 billion yen since it first admitted to reporting inflated profits going back to 2008.
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Toshiba says to seek new $2.5 billion credit line for restructuring

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TOKYO (Reuters) – Toshiba Corp <6502.T>, reeling from a $1.3 billion accounting scandal, said it intends to ask for a new 300 billion yen ($2.49 billion) credit line by the end of January to fund a large-scale restructuring. Toshiba is likely to approach its lenders for the new commitment line, a company spokesman said on Tuesday. The Nikkei financial daily earlier said it would likely seek help from banks including Mizuho Bank and Sumitomo Mitsui Banking Corp. The move comes after...
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Toshiba Acquires cyberGRID, Leading-Edge Intelligent Solution Provider for Demand Response Deployment

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TOKYO, Jul 03, 2013 (BUSINESS WIRE) -- Toshiba Corporation (tokyo:6502) today announced that it has acquired a 76% interest in cyberGRID GmbH, an Austrian developer and provider of intelligent energy management solutions. The purchase makes cyberGRID...
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Toshiba aims to name buyer of $18 billion chips business on June 15

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Toshiba Corp ( 6502.T ) aims to name a winner for its prized semiconductor business next week, people familiar with the matter said on Wednesday, as a row with one of the bidders over the sale appeared to escalate. Sources told Reuters the choice has narrowed to one bid from U.S. chipmaker Broadcom Ltd ( AVGO.O ) and U.S. tech fund Silver Lake and another from Toshiba chip partner Western Digital Corp ( WDC.O ) and Japanese government-related investors. Toshiba is rushing to find a buyer for...
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Toshiba buys additional stake in U.K. nuclear power unit

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TOKYO (Jiji Press) — Struggling electronics and machinery giant Toshiba Corp. said Wednesday it has acquired a 40 percent equity stake in British nuclear power firm NuGeneration Ltd. from Engie SA of France to make it a wholly owned subsidiary. The move came after the French company exercised its right to make Toshiba purchase all of its equity holdings in NuGeneration after Westinghouse Electric Co., a troubled U.S. nuclear subsidiary of Toshiba, filed for Chapter 11 bankruptcy protection...
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Toshiba set to book loss of ¥700 billion

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Toshiba Corp., which is undergoing a business restructuring, will book a loss of about ¥700 billion in its consolidated accounts for the April-to-December 2016 period due to a writedown in its U.S. nuclear business, The Yomiuri Shimbun has learned. Due to the massive loss, Toshiba appears likely to have temporarily fallen into insolvency because its debts exceeded its assets . The company will make an announcement on Tuesday. According to sources, Toshiba plans to bolster its own capital by...
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Toshiba Shares Surge After Greenlight Stake, U.S. Court Hearing

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REUTERS JULY 17, 2017, 9:54 P.M. E.D.T. TOKYO — Toshiba Corp shares jumped on Tuesday after a U.S. hedge fund said it had added a stake and after Western Digital Corp did not gain an immediate injunction to block the $18 billion sale of the Japanese conglomerate's chip unit. Toshiba may be worth as much as 400 yen per share once it resolves a legal dispute with Western Digital over the sale of its chip business, the U.S. hedge fund, Greenlight Capital said on Friday. Toshiba's shares climbed...
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Toshiba slashing stake in Shibaura Mechatronics

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Toshiba slashing stake in Shibaura Mechatronics Interest of more than a third will shrink to around 10% as unit moves off balance sheet TOKYO -- Toshiba will offload the bulk of its holdings in Shibaura Mechatronics , a producer of chipmaking equipment, aiming to lighten its balance sheet and regain fiscal health. The Japanese electronics conglomerate will sell up to 26.54% of Shibaura and retain about 10% under plans announced Monday. This will enable Toshiba to take the equipment maker off...
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Toshiba swerves delisting risk but saga may have final twist

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In the 1970s television series Columbo, there was never the slightest element of surprise: you knew from the first few minutes how the crime was done, who did it and how it would all end. The Tokyo Stock Exchange’s decision on Wednesday to remove Toshiba from “security on alert” status will leave many convinced they are in the final stretch of a similarly back-to-front show: a disheveled but inexorable drama whose finale, in which Toshiba escapes being delisted, has always been known. It may...
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Toshiba to pay 2 utilities $2 billion for nuclear reactors

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COLUMBIA, S.C. (AP) — Toshiba Corp. has agreed to pay South Carolina utilities $2.2 billion for two troubled nuclear reactors regardless of whether they're ever completed, officials announced Thursday. Under the settlement, the Tokyo-based company will pay $1.2 billion to South Carolina Electric & Gas, which owns 55 percent of the project, and $1 billion to state-owned utility Santee Cooper, with owns the remaining 45 percent. Payments will start in October and end in September 2022, the...
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Toshiba to remove Times Square advertising in cost-cutting move

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Photo: WIKIPEDIA business Toshiba to remove Times Square advertising in cost-cutting move Nov. 23 10:44 am JST TOKYO Toshiba Corp will remove its corporate logo from its prominent position atop the One Times Square building overlooking New York's iconic tourist hub as part of cost-cutting efforts, sources close to the matter said Wednesday. In addition to terminating its contract for the Times Square screen in the first half of next year, the company has also formally decided to end its...
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Talks Collapse Between Toshiba and Western Digital

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Toshiba (tosbf, +1.61%) said it resumed blocking access by Western Digital (wdc, -0.21%) to data at their memory chip joint venture, intensifying its dispute with the U.S. firm over the Japanese company's planned sale of the chip business. Toshiba is counting on the sale of the chip business to cover billions of dollars in cost overruns at its now bankrupt U.S. nuclear unit Westinghouse, while Western Digital says any deal would require its consent. read the rest here
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Southern Co. Needs $3.7 Billion From Toshiba to Finish Nuclear Plant

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Utility Southern Co. ( SO ) said that it needs $3.7 billion and cooperation from Toshiba ( TOSYY ) to finish the nuclear plant in Georgia that was being built by now defunct Toshiba subsidiary Westinghouse . Even with those concessions the company said that it still may not be able to complete the half finished project. r ead the rest here
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Western Digital hits back at Toshiba's chip unit Plan B

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Oct. 10, 2017 10:08 AM ET | About: Toshiba Corp. (TOSBF) | By: Brandy Betz , SA News Editor Western Digital (NYSE: WDC ) releases a new FAQ document hitting back at some of the claims surrounding Toshiba’s ( OTCPK:TOSBF , OTCPK:TOSYY ) chip unit sale to the Bain-led consortium. The company maintains that it has contractual consent rights to the sale and notes that Bain hasn’t reached out to Western Digital as Bain had claimed. Western Digital reiterates that Toshiba doesn’t have the right to...
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Are We Watching The Demise Of Toshiba?

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Faced with the chance that it could face a “multi-billion-dollar writedown that could wipe out its shareholders’ equity,” according to Reuters, Toshiba is running out of ways to fix the problem. The company is still recovering from the $1.3 billion accounting scandal in 2015, which caused stocks to go down. now it is facing another crippling charge against profits because there are cost overruns at a U.S. nuclear business that they bought. Toshiba says that they won’t have the final numbers...
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Lawsuit fines Toshiba and other tech companies for price-fixing conspiracy

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OLYMPIA, Wash. — Attorney General Bob Ferguson announced Toshiba will pay $1.3 million as part of his price-fixing lawsuit against manufacturers of cathode ray tubes (CRTs), a part used in TVs and computer screens. The lawsuit says manufacturers conspired to artificially inflate the price of CRTs from 1995 to 2007. Ferguson will distribute Toshiba’s funds to affected consumers through a claims process. Other conspirators LG, Panasonic, Hitachi, and Chunghwa have paid Washington a total of...
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Investors To Return Toshiba To US Court Over Accounting

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A US appeals court has paved the way for investors in Toshiba’s US-listed securities to revisit a case which the investors say cost them serious losses after the Japanese industrial conglomerate misled them over a 2015 accounting scandal. In a 3-0 decision, the US Circuit Court of Appeals said a lower court judge was mistaken in dismissing the investors’ lawsuit, and that the investors should be permitted to file an amended complaint. The appeals court said the investors did not sufficiently...
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Toshiba's next 5-year plan to feature $1.8bn in cost cuts

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TOKYO -- Toshiba targets 200 billion yen ($1.77 billion) in cost cuts over the next three years and plans to liquidate a risky U.K. nuclear venture, part of an effort to shore up its finances as it steps up investment in potential new growth engines, Nikkei has learned. These measures will be included in a five-year management plan starting fiscal 2019 to be released on Thursday -- the Japanese conglomerate's first since emerging from a crisis brought on by accounting scandals and massive...
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Toshiba quarterly profit jumps on cost cuts, but misses estimates

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TOKYO (Reuters) - Japan’s Toshiba Corp ( 6502.T ) reported on Wednesday a 10-fold jump in first-quarter operating profit as it stepped up cost cuts across divisions, but the profit missed analyst estimates. The Japanese conglomerate has been consolidating factories, cutting jobs, revamping the procurement method to compensate for the loss of the prized chip business, sold last year to plug a multi-billion-dollar balance sheet hole left by the collapse of its U.S. nuclear power unit. Toshiba,...
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Toshiba logs ¥140 billion net loss in April-June on poor chip demand

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Toshiba Corp. reported a net loss of ¥140.23 billion ($1.3 billion) for the April-June quarter, weighed down by the sluggish performance of its affiliated semiconductor business amid the escalating U.S.-China trade war. The technology conglomerate said on Wednesday that the red ink came also after booking a loss of ¥89.3 billion related to its agreement to transfer its liquefied natural gas operation in the United States to French oil giant Total S.A. as part of restructuring efforts. In the...
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Toshiba's board discusses taking full control of some listed subsidiaries

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JIJI Major machinery and electronics maker Toshiba Corp. is considering taking full control of some of its four listed subsidiaries, it has been learned. With Toshiba’s board already discussing the matter, the company may reach a conclusion within this week at the earliest, informed sources said. The four listed units are Toshiba Plant Systems & Services Corp., Nishishiba Electric Co., NuFlare Technology Inc. and Toshiba Tec Corp. Some are critical of Toshiba having listed units in light...
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Re: Toshiba empire crumbles as talent, morale drain away

Jason H ·
The ship is sinking
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Re: Toshiba empire crumbles as talent, morale drain away

Art Post ·
However they did reach that agreement with Bain for 13.8 billion. Sold the Crown Jewels to try and save the ship
 
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