Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Thursday, January 19, 2017

Toshiba News

Toshiba dives on reported nuclear power losses

https://www.yahoo.com/news/toshiba-sinks-10-reported-nuclear-power-losses-004403255.html 

Tokyo (AFP) - Toshiba shares fell nearly 13 percent in Tokyo Thursday following media reports of expanding losses at its US nuclear power business.

 

Toshiba shares crash as nuclear writedown crisis deepens

BBC News - ‎7 hours ago‎
Shares in Toshiba have dived 16% on reports that the embattled Japanese conglomerate faces bigger losses at its US nuclear power business. It is feared Toshiba may have to write down the value of the unit by a larger-than-expected 700bn yen ($6.1bn; ...

CORRECTED-UPDATE 5-Toshiba woes intensify on reports of $6 bln

Nasdaq - ‎6 hours ago‎
(Corrects share price and market value in paragaphs 1 and 19) * Loss could be much bigger than earlier flagged - media reports * Toshiba has sought support from govt-backed bank DBJ * Met with some main banks on Thursday - sources * Toshiba shares ...

Toshiba shares drop 16% on reported write-down losses

Livemint - ‎4 hours ago‎
Thursday's decline puts Toshiba at almost half of its value since mid-December, when it surprised investors with a disclosure of a write-down in the billions of dollars. Photo: Bloomberg. Tokyo: Toshiba Corp. shares dropped to their lowest since May ...

Toshiba's loss from N-unit may hit ¥700 bil.

The Japan News - ‎7 hours ago‎
Jiji Press TOKYO (Jiji Press) — Toshiba Corp.'s loss from its nuclear power plant business in the United States may balloon to as much as ¥700 billion, it was learned Thursday. As the massive loss will inevitably lead to a sharp decrease in its ...

Nikkei rises despite Toshiba's dive, as Asian markets hold steady

MarketWatch - ‎8 hours ago‎
Toshiba Corp. tumbled 24% following a report that losses at the firm's nuclear-power business could exceed ¥500 billion. By. EseErheriene. Asian stocks on Thursday mostly ended near Wednesday's closing levels ahead of President-elect Donald Trump's ...

Toshiba Shares Plunge on Write-Down Woes

Wall Street Journal - ‎9 hours ago‎
TOKYO—Toshiba Corp. shares fell 16% on Thursday, deepening concern about the company's future ahead of an announcement coming soon on losses in its U.S. nuclear business. Reports in local media including the Mainichi, Yomiuri and Nikkei ...

Toshiba woes intensify on reports of $6 billion writedown, shares plummet

Reuters - ‎12 hours ago‎
A logo of Toshiba Corp is seen behind a red light signal outside an electronics retail store in Tokyo, Japan, January 19, 2017. REUTERS/Toru Hanai. By Kentaro Hamada and Taiga Uranaka | TOKYO. TOKYO Toshiba Corp's (6502.T) financial crisis deepened ...

Toshiba US nuclear business loss

Global Times - ‎6 hours ago‎
Toshiba Corp could post a 700 billion yen ($6.1 billion) loss at its US nuclear reactor business, much bigger than the 500 billion yen it had earlier warned of, Kyodo news agency reported. Shares in Toshiba plunged 15 percent on the report of bigger ...

Toshiba Drops 16 Percent on Reported Writedown Losses

Bloomberg - ‎14 hours ago‎
Toshiba Corp. shares dropped to their lowest since May after a report that the loss in its nuclear business may exceed the 500 billion yen ($4.4 billion) maximum the company had flagged to lenders. The company asked Development Bank of Japan Inc. for ...

Toshiba dives on fears of huge loss at nuclear unit

The New Indian Express - ‎12 hours ago‎
Pedestrians walk past a logo of Toshiba Corp outside an electronics retailer in Tokyo, Japan, June 25, 2015. REUTERS. TOKYO: Toshiba shares went into freefall Thursday, with the embattled stock down by nearly half since late December on concerns about ...

Asia report: Markets mixed as Toshiba considers semiconductor sale

DIGITALLOOK - ‎7 hours ago‎
Markets in Asia finished mixed on Thursday, with Japanese technology giant Toshiba plummeting over rumours it was looking at selling its semiconductor division. Japan's Nikkei 225 finished 0.94% higher to settle at 19,072.25, with a weaker yen giving ...

Why has Toshiba's stock lost 50% market value since late December?

Daily News & Analysis - ‎13 hours ago‎
Toshiba told its investors on December 27 that the company may have to take a writedown amounting to billions of US dollars. Toshiba Corp, in the last week of December, said that it faced a multi-billion dollar writedown following a nuclear projects ...

Toshiba mulls semiconductor spin-off

Electronics Weekly - ‎9 hours ago‎
Toshiba is looking at spinning off its semiconductor division and selling a 20% stake in it, reports the Nikkei, and may make the decision this week. Recommended Articles. IMG_0410 · Toshiba stepper motor driver measures 7mm x 7mm x 0.9mm.

Development Bank of Japan considering Toshiba aid

Nikkei Asian Review - ‎14 hours ago‎
TOKYO -- The Development Bank of Japan, a government-backed lender, has begun considering how it might come to the aid of beleaguered Toshiba, the Nikkei learned on Thursday. The bank is believed to be considering an investment in the Japanese ...

Toshiba: Shrinking to survive

Financial Times - ‎18 hours ago‎
By mid-morning the Toshiba Science Museum in Kawasaki is full of primary school children, eager to be immersed in technology, innovation and a bold vision of the future. They are captivated by the pride of Toshiba: a humanoid robot that glides smoothly ...

Toshiba Shares Plunge on Reports of U.S. Nuclear Writedown, Asset Sales

TheStreet.com - ‎11 hours ago‎
Toshiba shares plunged in Tokyo on reports it will need to take a larger writedown on its U.S. nuclear business and seek cash from its American partner Western Digital. Martin Baccardax. Follow. Jan 19, 2017 3:12 AM EST. Toshiba (TOSYY) shares plunged ...

Toshiba fears larger than expected losses

Independent Online - ‎11 hours ago‎
Tokyo - Toshiba could post a much larger loss than previously expected on its nuclear power business in the US, Japanese media reported on Thursday. Toshiba could post a loss of up to 700 billion yen (6.1 billion dollars), much more than the 500 ...

Toshiba US nuclear business loss may be as much as $6.1 billion - Kyodo

Reuters UK - ‎17 hours ago‎
FILE PHOTO: Pedestrians walk past a logo of Toshiba Corp outside an electronics retailer in Tokyo, Japan, June 25, 2015. REUTERS/Yuya Shino/File Photo. TOKYO Toshiba Corp could post a 700 billion yen ($6.1 billion) loss at its U.S. nuclear reactor ...

Tokyo stocks rally, Toshiba dives on huge loss reports

Malay Mail Online - ‎11 hours ago‎
okyo's Nikkei 225 index rose 0.94 per cent, or 177.88 points, to close at 19,072.25, while the Topix index of all first-section issues was up 0.94 per cent, or 14.29 points, to finish at 1,528.15. — Reuters picTOKYO, Jan 19 — Tokyo stocks closed ...

Toshiba sinks 10% on reports of wider loss at US nuclear business

The Straits Times - ‎17 hours ago‎
TOKYO (BLOOMBERG) - Toshiba Corp fell in Tokyo trading after a report that the loss in its nuclear business may exceed the 500 billion yen (S$6.23 billion) maximum the company had flagged to its lenders. The company asked Development Bank of Japan ...

Toshiba mulls chips business stake sale to Western Digital

The News International - ‎18 hours ago‎
TOKYO: Toshiba Corp is looking to sell a minority stake in its core semiconductor business to Western Digital Corp, a source said, in a bid to dull the blow from a looming multi-billion-dollar writedown on a U.S. nuclear acquisition. The laptops-to ...

Western Digital Eyes Stake In Toshiba's Memory-Chip Business

Investor's Business Daily - ‎Jan 18, 2017‎
Western Digital is a possible buyer of a piece of Toshiba's flash-memory business. (Western Digital). BRIAN DEAGON; 1/18/2017. Facebook · Twitter · LinkedIn · Print · Share · Reprints. Western Digital (WDC) is considering buying a stake in the flash ...

Toshiba may spin off semiconductor business

Asia Times - ‎20 hours ago‎
Pedestrians walk past a logo of Toshiba Corp outside an electronics retailer in Tokyo, Japan. Reuters. BusinessToshiba Corp. Toshiba may spin off semiconductor business. Japanese company is also considering selling a partial stake in the unit to ...

Toshiba looking to sell stake in chip business: source

CRN Australia - ‎18 hours ago‎
Toshiba wants to sell a minority stake in its core semiconductor business and is considering potential buyers including US partner Western Digital Corp, a source said, as the Japanese group prepares for a multibillion-dollar writedown.

Toshiba Tumbles 13%: Nuclear Loss Could Top $4.4 Billion

Barron's (blog) - ‎18 hours ago‎
Toshiba (6502.Japan/TOSBF) tumbled 13% on Wednesday after reports that its nuclear power business could accumulate losses of more than 500 billion yen ($4.4 billion). The Nikkei reported: The losses stem from a goodwill impairment on CB&I Stone ...

Toshiba's nuclear-related losses top 6 bln dollars, seeks assistance from gov't backed bank

Famagusta Gazette - ‎7 hours ago‎
... - Toshiba Corp. is looking to the state-owned Development Bank of Japan (DBJ) for financial assistance as the beleaguered electronics maker is likely facing a far bigger writedown than initially expected on its struggling nuclear business, sources ...

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