Latest News on Westinghouse
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Westinghouse - Total results - 37
Jan 22, 2018
Toshiba to consider an IPO for its memory chip unit if $18 billion sale fails to gain antitrust approval by MarchA Toshiba spokeswoman said there had been no change in its efforts to complete the sale of the chip unit.
Dec 08, 2017
Toshiba and Western Digital agree in principle settle the dispute over memory chip unitToshiba’s board has approved a framework for a settlement and is aiming to reach a final agreement by next week.
Nov 17, 2017
Toshiba denies media reports claiming that it is selling its PC business unit to Asustek ComputersWithout funds from the sale, it may end the year in negative net worth for the second time, putting pressure on the Tokyo Stock Exchange to delist it.
Nov 09, 2017
Toshiba reports 76 percent jump in Q2 profit after recent sale of memory chip unit for $18 billionToshiba maintained its full-year operating profit forecast of 430 billion yen, of which 419.4 billion yen would come from memory chips.
Oct 23, 2017
Toshiba is expected to suffer a net loss of $1 billion in taxes related to the sale of its memory chip unitToshiba said that due to the tax impact, it expects a loss of 110 billion yen ($970 million) in the year to March.
Oct 03, 2017
Toshiba to buy back 10% stake in Westinghouse unit for $522 mn, takes full ownership of bankrupt US unitA successful sale would reduce the financial hit to Toshiba caused by Westinghouse’s failure.
Sep 12, 2017
Toshiba still negotiating sale of its memory chip business after passing self-imposed deadlineToshiba will announce the agreement on 13 September and sign after a board meeting on 20 September.
Sep 11, 2017
The Current War trailer: Benedict Cumberbatch stars as Edison; glimpse into age of inventionsThe Current War, with Benedict Cumberbatch as Thomas Edison, features Michael Shannon as George Westinghouse and Nicolas Hoult as Nikola Tesla.
Sep 09, 2017
Bain Capital and SK Hynix raise bid for Toshiba Corp to $22.3 billion, offer to invest in infrastructureToshiba is desperate to sell the unit and cover billions in liabilities at its U.S. nuclear unit Westinghouse.
Aug 31, 2017
Toshiba fail to meet internal target date for NAND chip unit sale; raises financial questionsToshiba failed to seal a deal to sell its prized chip business by a deadline, raising doubts about whether it can plug a balance sheet hole in time.