LINKTV Newsline March 29, 2017
Joining us at the business desk. Filed for chapter 11 bankruptcy, cutting losses from u. S. Unit as it tries to rebuild its finances. The Company President says the bankruptcy filing is the first step in restoring its health. Toshiba says it can post a net loss of 9 billion fiscal year. That would be the biggest ever for japanese manufacturer. We believe the removal of westinghouse from toshibas consolidated earnings is in line with the companys policy of avoiding risk from the Nuclear Business abroad westinghouse has faced ballooning costs to meet upgraded Safety Standards at four reactors it...
Source: archive.org
