Archives
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COMPUTERS 
March 29, 2018 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 […]
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ELECTRONICS 
September 22, 2017 Toshiba Prepares to Formalise Chip Unit Sale to Bain Capital, Rejected Suitor Steps Up Legal Action
Japan’s Toshiba is expected to formalise the sale of its prized memory chip unit on Thursday to a group led by US private equity firm Bain Capital, even as jilted suitor and joint venture partner Western Digital took fresh legal action. The embattled conglomerate said on Wednesday it had agreed to the sale, but the formal signing of the […]
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NEWS 
July 19, 2017 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, […]
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COMPUTERS 
January 5, 2017 Toshiba Portege X20W 2-in-1 Laptop With 16-Hour Battery Life Launched at CES 2017
HIGHLIGHTS It sports a 12.5-inch full-HD (1080×1920 pixels) touchscreen display The laptop packs seventh-generation Intel Core processor Has a 360-degree rotatable hinge for wider viewing angles At CES 2017, Japanese consumer electronics giant Toshiba expanded its Portege laptop portfolio to launch a 2-in-1 offering – Portege X20W – one of several shown off at […]
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ELECTRONICS 
March 19, 2016 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, […]
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ELECTRONICS 
March 16, 2016 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 […]
