Livedoor

Toshiba Corp. announced yesterday that it will take a $6.3 billion writedown to account for the meltdown of its nuclear division. This amount of writedown is much higher than the markets had anticipated, forcing Toshiba into crisis mode having to secure lending commitments from their banks, reorganize their nuclear division, and sell assets to offset their losses.

Is Toshiba near the tipping point?… [Read more…] about Massive $6.3 Billion Writedown is Tanking Toshiba, Could It Collapse?