Some of Our Sources
- BoingBoing
- Engadget
- Web Designer Wall
- Pearsonified
- Inspiredology
- Web Designer Depot
- Reencoded
- Wal You
- Codrops
- Daily Now
Help Webnuz
Referal links:
December 28, 2016 06:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/pgIpb_bhLCM/toshiba-shares-plummet-after-warning-of-billions-in-losses
Toshiba Shares Plummet After Warning of 'Billions' in Losses
Toshiba's troubles keep piling up. From a report on CNN Money: The Japanese firm's shares plunged 20% on Wednesday, after the company warned it is expecting billions of dollars in losses from its takeover of a U.S. nuclear construction business last year. "We're still figuring out the exact numbers, but it could reach up to several hundred billion yen," CEO Satoshi Tsunakawa told reporters Tuesday. Toshiba's U.S. nuclear-power subsidiary Westinghouse acquired CB&I Stone & Webster late last year, when Toshiba was still struggling to recover from a $1.2 billion accounting scandal. Toshiba's shares dived in the months following that scandal, which led to a major management reshuffle after the Japanese conglomerate admitted it had doctored financial results for years. The company reported a loss of 460 billion yen ($3.9 billion) for 2015.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/pgIpb_bhLCM/toshiba-shares-plummet-after-warning-of-billions-in-losses
Share this article:
Tweet
View Full Article
Slashdot
Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..More About this Source Visit Slashdot