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Stock Market & Financial Investment News

News Breaks
May 23, 2014
08:17 EDTTOSBFToshiba's plans call for Y7.5T in sales in 2016, Nikkei reports
Toshiba's plans are calling for Y7.5T in sales in 2016, an increase of 15% from FY13 results, the Nikkei reports. The company is planning to invest Y1.5T over the next three years, and will look to expand sales primarily in health care, semiconductor and power systems. Reference Link
News For TOSBF From The Last 14 Days
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July 27, 2015
06:39 EDTTOSBFToshiba develops new process technologies for MCUs, wireless ICs, DigiTimes says
Toshiba announced the development of 2 new process technologies for low-cost applications such as microcontrollers, wireless communication ICs, motor controller drivers and power supply ICs, reports DigiTimes. In response to strong demand for low power consumption in areas using wearable and healthcare-related equipment, Toshiba adopted SST's third-generation SuperFlash cell technology, in combination with its own 65nm logic process technology. Reference Link
July 22, 2015
17:21 EDTTOSBFSanDisk does not expect Toshiba announcement to impact financial results
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July 21, 2015
05:46 EDTTOSBFToshiba CEO Hisao Tanaka resigns following accounting scandal, BBC reports
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July 20, 2015
11:30 EDTTOSBFToshiba to restate past profits by at least Y151.8B after probe
Toshiba provided notice earlier that it received the investigation report from its independent investigation committee and reported that it must correct at least Y151.8B of pretax earnings over a period from fiscal year 2008 to fiscal year 2014 through the third quarter. The company will review fiscal 2014 earnings with auditors and submit its result by the end of August, the company noted. Reference Link
July 19, 2015
18:22 EDTTOSBFJapanese regulator to pursue penalty for Toshiba, Nikkei says
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July 17, 2015
06:12 EDTTOSBFToshiba executives involved in improper accounting, probe finds, Reuters reports
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July 15, 2015
08:50 EDTTOSBFToshiba to book charges of $2.4B-$3.2B for improper accounting, Reuters says
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06:06 EDTTOSBFToshiba CEO, Vice Chairman expected to step down in September, Reuters reports
Toshiba CEO Hisao Tanaka is expected to step down in September in order to take responsibility for accounting irregularities which sources say led to profits being overstated by over Y170B, or $1.2B, Reuters reports. Other board members, including Vice Chairman Norio Sasaki, are also expected to step down, the sources say. Reference Link
July 13, 2015
05:49 EDTTOSBFUpstream supply chain expects weak PC performance in 2H15, DigiTimes reports
The upstream supply chain expects weak PC performance in the second half of 2015, reports DigiTimes. According to sources, orders are expected to stay weak in Q3 after it originally expected a bottoming out in Q2. Reference Link

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