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Stock Market & Financial Investment News

News Breaks
January 4, 2013
08:14 EDTTOSBF, SHAWShaw's NEH sells 20% interest in Toshiba Nuclear Energy Holdings
Shaw (SHAW) says in an 8-K filing that on January 4, Nuclear Energy Holdings, a wholly owned special purpose subsidiary, sold its 20% equity interest in Toshiba Nuclear Energy Holdings (US) Inc. and Toshiba Nuclear Energy Holdings (UK) Limited, and their subsidiaries to Toshiba Corp. (TOSBF). Toshiba purchased the Shares at a price of Y$124.7B, the price prescribed in the Put Option Agreements entered into by the parties at the time of NEH’s original investment. The cash proceeds were deposited in trust to fund 96.7% of the future repayment of limited recourse bonds issued through the Japanese private placement market to fund NEH’s investment in Westinghouse. NEH will separately fund the Trust with the remaining 3.3%, $4.3B JPY, of the principal amount of the Westinghouse Bonds, plus the regularly scheduled semi-annual interest payment by March 15. The Trustee will repay the Westinghouse Bonds at their maturity on March 15.
News For SHAW;TOSBF From The Last 14 Days
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May 29, 2015
05:52 EDTTOSBFIDC: PC shipments to decline for fourth straight year in 2015, DigiTimes says
The IDC said PC shipments will decline by 6.2% in 2015 and will be the fourth consecutive year of falling volume, reports DigiTimes. The market almost saw stable shipments in mid-2014 as the end of support for Windows XP boosted demand, but that cycle passed and was replaced by a reduction in inventory on the supply side as the market awaits the arrival of Windows 10. Reference Link
05:52 EDTTOSBFIDC: Worldwide tablet growth to decline 3.8% in 2015, DigiTimes says
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May 28, 2015
07:49 EDTTOSBFToshiba could reward patient investors, WSJ says
If Toshiba's accounting probe leads the company to pursue a thorough restructuring effort, rather than the "halfhearted restructurings" it has previously attempted for some units, patient investors could be rewarded, contends The Wall Street Journal's "Heard on the Street" column. Reference Link
May 18, 2015
07:47 EDTTOSBFToshiba longer term outlook still positive, says Bernstein
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