Toshiba Corp (6502.T)
16 Feb 2018
TOKYO Toshiba Corp appointed a former banker experienced in dealing with distressed companies as CEO, and forecast its first annual profit in four years, helped by a buoyant chip business that it has agreed to sell.
* New CEO is from CVC Capital and before that SMFG's core bank
* CEO SATOSHI TSUNAKAWA: NO CHANGES TO ITS PLAN TO SELL CHIP BUSINESS Further company coverage:
TOKYO, Feb 14 Japan's Toshiba Corp said it expects to book its first net profit in four years, as it makes progress to recover from billions of dollars in losses at its U.S. nuclear unit Westinghouse.
TOKYO, Feb 14 Japan's Toshiba Corp said on Wednesday it is appointing Nobuaki Kurumatani, a former executive of Sumitomo Mitsui Financial Group, as its chairman and chief executive.
SEOUL Samsung Group heir Jay Y. Lee's release from jail on bribery charges has some in South Korea hoping for new investments and jobs from the massive conglomerate, despite ongoing concerns over the cozy ties between government and business leaders.
* Says Nankai Management Service Co.,Ltd filed a lawsuit against co's unit Toshiba Tec Corp regarding system construction business dispute, claiming compensation of about 16.4 million yen
TOKYO Toshiba Corp said on Tuesday it has completed the sale of its claims against bankrupt U.S. nuclear unit Westinghouse Electric Co LLC, a move that allows the Japanese conglomerate to replenish its depleted capital base and remain listed.
TOKYO, Jan 23 Toshiba Corp said on Tuesday it has completed the sale of its claims against bankrupt U.S. nuclear unit Westinghouse Electric Co LLC, a move that allows the Japanese conglomerate to replenish its depleted capital base and remain listed.
TOKYO Toshiba Corp is considering an IPO of its prized memory chip business if an agreed $18 billion sale to a Bain Capital-led consortium fails to gain antitrust approval by the end of March, the Financial Times reported on Monday.