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TOSHIBA ACCOUNTING SCANDALS
Toshiba to go private after winning shareholder support for JIP's $14 billion takeover offerA consortium led by Japan Industrial Partners (JIP) has acquired a 78.65% stake in Toshiba through a tender offer, bringing the company clo...- Toshiba board recommends shareholders support JIP-led $14 billion buyoutThe board earlier this year accepted the buyout offer, which would value the conglomerate at 4,620 yen a share or 2 trillion yen ($14.29 bi...
- Toshiba shareholders vote down both spin-off plan and call to seek buyout offersThe proposal to seek private equity buyout offers or a minority investment was made by Singapore-based 3D Investment Partners, Toshiba's No...
- Toshiba shareholders vote down both spin-off plan and call to seek buyout offersThe result of the extraordinary general meeting will likely force Toshiba to revise its controversial restructuring plan and ensure that th...
- Toshiba says now plans to split into two companies instead of threeIts revised plan is still expected, however, to face much pushback from foreign hedge funds, many of whom have been opposed to any kind of ...
- Toshiba plans to split into three firms, shareholder reaction in focusJapan's Toshiba Corp has outlined plans to break up into three independent companies by spinning off two core businesses - its energy and i...
- Toshiba set to announce split into three firms, shareholder reaction in focusThe plan - borne of a strategic review undertaken after a highly damaging corporate governance scandal - is aimed at improving shareholder ...
- Toshiba corporate scandal: Chairman says wants to stay on, says new directors neededToshiba has come under fierce scrutiny after an independent investigation last week revealed management colluded with Japan's powerful trad...
- Toshiba CEO Nobuaki Kurumatani resigns as buyout offer stirs turmoilNobuaki Kurumatani's resignation is the latest development in years of upheaval at the firm, which only won back its spot on the first sect...
- With India visit, Westinghouse CEO keeps nuclear project aliveDespite the financial crisis, Westinghouse CEO Jose Gutierrez flew in to India last week for talks with state-run National Power Corp of In...
- Westinghouse mum over threat to Andhra N-unitNPCIL and Westinghouse are scheduled to conclude the commercial contract this year, after which the US nuclear firm is to set up six reacto...
- Westinghouse mum on Andhra N-plant after Toshiba exits from nuke bizOfficials said India will wait for communication from its American partner on the future of the project.
- Toshiba chairman says banks ready to offer conditional financial supportThe company is seeking creditors' support to weather yet another financial blow, even as it still tries to recover from a $1.3 billion acco...
- Toshiba to announce business plan on FridayJapan's Toshiba Corp said it would unveil its business strategy for next fiscal year on Friday in an announcement expected to include plans...
- Toshiba to exit home appliance, TV business in India as losses mountToshiba has informed key trade partners and dealers in India about its decision and has stopped importing goods for over a month now.
- Toshiba to book record loss, cut 5% of workforce this yearToshiba Corp said on Monday it would book a record net loss this year and cut around 5 percent of its workforce as the sprawling conglomera...
- Nikkei slips amid risk-off trade, gains ground for the weekThe Nikkei share average lost 0.5 percent to end the day at 19,596.91. The benchmark index added 1.7 percent for the week for its fourth co...
- Taking stock: Here's why Vishal Sikka and Stephen Hawking's stock went up this weekA round-up of those whose worth went up or down today: Vishal Sikka (Up), Stephen Hawking (Up) and Hisao Tanaka (Down).
- Toshiba executives resign over $1.2-billion accounting scandalToshiba president Hisao Tanaka and two other executives quit to take responsibility for a $1.2-billion accounting scandal.
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