Canon, Toshiba Fined Over Antitrust Violations
The companies allegedly structured a deal so it would not be delayed by U.S. pre-merger notification laws.
Toshiba Reveals Plan to Cut 7,000 Jobs
The company also says it will buy back 40% of its outstanding shares.
Toshiba Sells PC Business to Sharp
The deal signals Sharp’s reentry into PCs, a business it abandoned in 2010.
Bankrupt Westinghouse Makes Acting CFO Permanent
The company sought higher pay from the U.S. Bankruptcy Court for the acting finance chief and his boss.
Toshiba Issues ‘Going Concern’ Warning
The company's auditor refuses to certify its Q3 results in “a highly unusual signal of doubt about [its] ability to recover its financial health."
Toshiba Nuclear Power Unit Files Chapter 11
Cost overruns at Westinghouse Electric power plants have contributed to Toshiba's financial woes, forcing a $6.3 billion writedown.
S&P Downgrades Toshiba Debt Ratings Again
The credit rating agency warns of "a growing likelihood that Toshiba will become unable to fulfill its financial obligations in a timely manner."
$6 Billion Writedown Adds to Toshiba Turmoil
The losses from Toshiba power projects "could topple a company whose roots go back to 1875, the dawn of Japan’s modern era."
Toshiba to Sell Stake in Memory Chip Business
The beleaguered company needs cash to offset an imminent writedown that Japanese media have estimated at $6 billion.
Toshiba to Take Writedown on Nuclear Deal
The potential hit of several billion dollars "may further undermine confidence in company management" after its accounting scandal.
Toshiba to Write Down Nuclear Business by $2.3B
Analysts had long expected the big decrease in the operation's goodwill.