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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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November 13, 2014
08:08 EDTTOSBFCisco, Toshiba announce collaboration for Internet of Things
Toshiba (TOSBF) and Cisco (CSCO) announced that they are collaborating on new ways to utilize the Internet of Everything that can dramatically improve processes, productivity and experiences in manufacturing, transportation and city environments. Representatives from Toshiba and Cisco signed a Memorandum of Understanding, or MoU, this week with the intention to advance the progress of a new Smart Community. This global collaboration brings together the Cisco Fog Computing network environment featuring Cisco's network-wide security solution with the Toshiba Group's endpoint management technology. The joint effort will help monitor and maintain multiple devices, stream computing technology for high-speed information processing collected from devices, and provide storage technology to accumulate information generated with M2M technology.
November 10, 2014
06:30 EDTTOSBFGlobal LED lighting market ste to rach $25.7B in 2014, DigiTimes says
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