• COMPUTERS
    Toshiba Awaits Regulator Approval for Key Chip Unit Sale

    HIGHLIGHTS The firm had agreed to sell its memory chip business to Bain Capital Toshiba had expected to meet all the sale conditions by March 23 It’s China’s anti-trust law” that is holding up the sale: Toshiba Embattled Japanese conglomerate Toshiba said Monday it was still waiting for regulators to approve the key sale of its chip […]

  • NEWS
    Decision on Western Digital’s Bid to Block Toshiba Memory Unit Sale Postponed

    A US judge did not reach a decision Friday in Western Digital’s bid to temporarily block Toshiba from selling its flash memory business in an $18 billion deal but proposed requiring Toshiba to give Western Digital two weeks’ notice before closing. Toshiba is scrambling to sell its flash memory unit to cover losses from its nuclear reactor business. In late June, […]

  • ELECTRONICS
    Toshiba Says Cooperating With US on ‘Accounting Problem’

    Toshiba’s American units are cooperating with US authorities over alleged accounting irregularities, the embattled firm said Friday, a day after its shares tumbled on a report it was under investigation. The company has been roiled by a profit-padding scandal, in which high-handed bosses for years systematically pushed their subordinates to cover-up weak financial figures. Toshiba, […]

  • ELECTRONICS
    Toshiba Finds More Accounting Errors, Promises Improvement

    Japan’s Toshiba Corp revealed additional accounting irregularities on Friday after a multi-billion dollaraccounting scandal last year, rekindling doubts over the company’s pledge to improve transparency. The laptops-to-nuclear conglomerate said it had overstated past profits by JPY 5.8 billion (roughly Rs. 344 crores) on a pretax basis due to seven new accounting errors, on top of […]