Recent Highlights
All Stories for Westinghouse
Toshiba still negotiating sale of its memory chip business after passing self-imposed deadline
• 8 years agoToshiba will announce the agreement on 13 September and sign after a board meeting on 20 September.
Toshiba fail to meet internal target date for NAND chip unit sale; raises financial questions
• 8 years agoToshiba 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.
Apple joins Bain Capital-led consortium in last-ditch bid for Toshiba's memory chip business
• 8 years agoThe new offer comes as separate sources say Toshiba and Western Digital Corp are struggling to strike a deal.
Toshiba to miss its own 31 August deadline for $17.3 billion chipset deal, could be delisted
• 8 years agoToshiba executives have been trying to sign a deal by the end of August because antitrust reviews by governments like China could last more than six months.
Western Digital group finalizing deal for Toshiba chip unit
• 8 years agoA consortium led by Western Digital Corp is close to an agreement to buy Toshiba’s $17.4 billion chip business, with the WD’s CEO in Tokyo to finalize talks.
Western Digital is not seeking a management role in the memory chip unit sale
• 8 years agoWestern Digital Corp, part of a group offering to buy Toshiba Corp’s memory chip unit, is not seeking a management role in the business.
Toshiba gains access to $6 billion credit line after putting up shares in its chip unit as collateral
Fp Archives • 8 years agoCrisis-hit Toshiba Corp has regained access to a crucial $6 billion credit line after stumping up shares in its chip unit as collateral.
Toshiba's memory chip unit under pressure to opt for plan B and find a new buyer
Fp Archives • 8 years agoToshiba board is being asked seriously consider alternatives, people with direct knowledge of the sale process said - including picking a new buyer.
Modi-Trump meet: India-US civil nuclear deal may figure in talks, but NPCIL reactor pact unlikely
• 8 years agoThe India-US civil nuclear deal is expected to figure during talks between Prime Minister Narendra Modi and President Donald Trump on Monday, but a pact between the NPCIL and Westinghouse to build six power reactors in Andhra Pradesh is unlikely to be signed.
US would like nuclear deal with India to move forward, says White House official
• 8 years agoPresident Donald Trump's administration would like to see a Westinghouse nuclear reactor deal with India move forward, a senior White House official said on Friday ahead of Indian prime minister Narendra Modi's meetings with Trump on Monday.