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News Breaks
January 14, 2013
10:35 EDTTOSBFToshiba may sell small nuclear reactor for tapping oil sands, Nikkei says
Toshiba (TOSBF) intends to sell a small nuclear reactor for oil sands extraction, reports Nikkei. The company is considering offering a 10,000kw reactor for natural resource developers in Canada and elsewhere. Reference Link
News For TOSBF From The Last 14 Days
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October 8, 2015
06:15 EDTTOSBFToshiba and SanDisk among Tsinghua's takeover targets, DigiTimes reports
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October 2, 2015
05:57 EDTTOSBFToshiba no longer selling consumer notebooks in Taiwan, DigiTimes reports
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October 1, 2015
09:06 EDTTOSBFToshiba's Westinghouse Electric acquires Multibus I product line
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07:39 EDTTOSBF30 more Toshiba execs identified in accounting scandal, Bloomberg says
Toshiba has identified 30 additional executives linked to an accounting scandal that has already resulted in the resignations of three former presidents and reduced the reported profit by roughly $1.3B, Bloomberg reports. The managers will be punished, but remain with the company, the report says. Reference Link
06:32 EDTTOSBFToshiba may cut jobs in TV, PC businesses, Reuters reports
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06:30 EDTTOSBFNew Toshiba CEO Muromachi expects to leave within 3 years, WSJ says
Newly appointed Toshiba CEO Masashi Muromachi said that he anticipates leaving the position within the next three years, the Wall Street Journal reports. "It's hard to imagine I would remain in the position for three years or more," Muromachi told reporters. Reference Link
September 24, 2015
06:17 EDTTOSBFToshiba to sell stakes of 5% in white goods manufacturing units to Skyworth
Toshiba Lifestyle Products & Services announced reforms of sales strategy and operations for white goods in China and ASEAN and for countering the impacts of the stagnating Japanese market and yen depreciation. The reforms will support the company in strengthening competitiveness and improving profitability. In China, Toshiba Lifestyle Products & Services will tie-up with consumer appliance manufacturer Skyworth Co., Ltd. in the manufacture and sales of refrigerators, washing machines and vacuum cleaners. The agreement, which comes into effect in October, will give Skyworth nationwide sales rights for the three products. Toshiba Lifestyle Products & Services' two sales subsidiaries, Toshiba HA Sales and Toshiba Products & Services will be wound down. On the manufacturing side, Toshiba HA Manufacturing, a manufacturer of refrigerators and washing machines, and Toshiba Home Appliances Manufacturing, a manufacturer of vacuum cleaners, will both receive a 5% capital injection from Skyworth.

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