• Most Popular
  • Most Shared

Toshiba to raise fixed costs cut target by 21 pct

Fri Oct 30, 2009 3:04am EDT

Stocks

   

TOKYO, Oct 30 (Reuters) - Toshiba Corp (6502.T), Japan's biggest chipmaker and owner of U.S. nuclear unit Westinghouse, said it plans to raise its target to cut fixed costs to 400 billion yen ($4.4 billion) in the year to March, up from a previously stated plan to cut 330 billion yen. ($1=91.18 Yen) (Reporting by Mayumi Negishi)



More from Reuters

Photo

Northeast digs out of monster snowstorm

NEW YORK (Reuters) - The Northeast began digging out on Sunday from a massive snowstorm that buried cities from Washington to Boston under as much as 2 feet of snow, creating travel chaos and hampering Christmas shopping. | Video

A woman shops at a Sam's Club store, a division of Wal-Mart Stores, in Bentonville, Arkansas June 4, 2009. REUTERS/Jessica Rinaldi

The food-stamp economy

On the last day of every month, shoppers at Walmart load their carts with food and household items and wait for the midnight hour. Is this the new normal in America?  Full Article 

Two men shake hands in a file photo.    REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article