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Toshiba has been shedding its departments for a few years to streamline operations and recoup losses after its 2015 accounting scandal. Sony bought out its sensor business in 2015 for $ 155 million and Bain Capital (of all entities) just purchased its NAND flash memory department for $ 18 billion. Today, Toshiba announced the sale […]
– Although Tesla and Chevrolet now offer electric cars that can travel nearly as far on a charge as a gasoline-powered car can go on a tank of fuel, the recharge time for EVs has yet to achieve a similar breakthrough. Even Tesla’s ability to recharge a claimed 80 percent of its cars’ huge battery […]
Thomson Reuters The Toshiba Corp conglomerate announced on Monday it expects its net loss to be close to $ 1 billion this business year. It had separated its prized chip unit in April. The sale has yet to be approved by regulatory bodies. This could cause the second year in a row the company records […]
(Reuters) — Japan’s Toshiba said on Thursday it had signed an $ 18 billion deal to sell its chip unit to a consortium led by Bain Capital LP, overcoming a key – albeit not its last – hurdle as it scrambles for funds to stave off a potential delisting. The sale of the unit – […]
Valentina Palladino Despite turmoil surrounding its chip business—and the decision to stop selling consumer laptops—Toshiba hasn’t stopped making portable computers. The company’s Portégé and Tecra laptop families are built for businesses and employees, so they may not be as flashy as consumer devices, but they’re still important. Work-issued laptops are the primary PCs for many people. […]
Thomson Reuters TOKYO (Reuters) – Shares in Toshiba Corp tumbled on Monday after sources told Reuters that the troubled Japanese conglomerate would likely miss a third deadline to report its quarterly business results. Toshiba shares plunged as much as 9.4 percent in early morning trade, before trimming the loss to about 4 percent, compared with […]
The chairman of Japanese multinational Toshiba, Shigenori Shiga resigned on Tuesday, taking responsibility for the company’s multi-billion dollar losses in the troubled US nuclear power business. Read more He will step down from the board but will remain a Toshiba executive. According to Associated Press, Toshiba announced it is on track to report a net […]
