Wed, Dec 28, 2016
A looming writedown at Japanese conglomerate Toshiba Corporation has wiped almost $5 billion off its value in two days and prompted a credit rating downgrade on Wednesday, as the company grapples to plug a potential multi-billion dollar hole.
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Tue, Dec 27, 2016
Toshiba Corporation said on Tuesday it may book a goodwill impairment loss of several hundreds of billion yen on a US nuclear power acquisition made by its Westinghouse division, sending its stock tumbling 12%.
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