Toshiba

WASHINGTON | TOSHIBA TO PAY $1.3M FOR PRICE-FIXING SCHEME AFFECTING MILLIONS OF WASHINGTONIANS

Company conspired to inflate prices of a technology once ubiquitous in television screens and computer monitors OLYMPIA, WA — Attorney General Bob Ferguson Wednesday announced that Toshiba Corporation (TYO:6502), a multinational conglomerate headquartered in Japan, will pay $1.3 million as part of the Attorney General’s price-fixing lawsuit against manufacturers of a component used in television … Continue reading WASHINGTON | TOSHIBA TO PAY $1.3M FOR PRICE-FIXING SCHEME AFFECTING MILLIONS OF WASHINGTONIANS

Westinghouse, Toshiba’s troubled nuclear unit, is acquired

CRANBERRY TOWNSHIP, Pa./January 04, 2018 (AP)(STL.News) —Westinghouse Electric, the U.S. nuclear unit of embattled Japanese electronics giant Toshiba, has been acquired in a deal valued at about out $4.6 billion. Westinghouse Electric Co. declared bankruptcy protection early last year, leaving a number of nuclear projects in limbo. The acquisition by Brookfield Business Partners LP on Thursday comes … Continue reading Westinghouse, Toshiba’s troubled nuclear unit, is acquired

Toshiba unveils device for Fukushima nuclear reactor probe

  YOKOHAMA, Japan /December 22, 2017 (AP)(STL.NEWS) —Toshiba Corp.’s energy systems unit on Friday unveiled a long telescopic pipe carrying a pan-tilt camera designed to gather crucial information about the situation inside the reactor chambers at Japan’s tsunami-wrecked Fukushima nuclear plant. The device is 13 meters (43 feet) long and designed to give officials a … Continue reading Toshiba unveils device for Fukushima nuclear reactor probe

Toshiba, Western Digital make peace on sale of chip unit

TOKYO/December 13, 2017 (AP)(STL) —  Toshiba Corp. and its joint venture partner Western Digital have made peace over the embattled Japanese electronics giant’s plan to sell its flash memory unit to raise cash to stay afloat. The agreement allows Western Digital to participate in future investments in their joint venture, clearing the way for a … Continue reading Toshiba, Western Digital make peace on sale of chip unit

Toshiba’s survival in doubt amid Westinghouse troubles

TOKYO (AP)(STL.News) — Toshiba Corp., whose U.S. nuclear unit Westinghouse Electric Co. has filed for bankruptcy protection, raised doubts Tuesday about its ability to survive as a company. In an unaudited financial report, Toshiba projected a 1.01 trillion yen ($9.2 billion) loss for the fiscal year that ended in March, a figure that ballooned from … Continue reading Toshiba’s survival in doubt amid Westinghouse troubles