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Not Again! Another Big, Bad Surprise from Toshiba

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Loses Almost a Third of Its Total Market Value in 2 Days

Toshiba FacilityToshiba Corps. stock price plunged 30% this week as the company announced it is facing the prospect of booking a potentially multi-billion dollar writedown related to an acquisition made by its U.S. unit, Westinghouse Electric. The acquisition was related to the construction of two nuclear power plant projects being built in the U.S. as the company made a big bet on a nuclear renaissance in the U.S. power structure – a bet that is not paying off.

Toshiba President apologizes for a potentially multi-billion dollar writedown… [Read more…] about Not Again! Another Big, Bad Surprise from Toshiba

Toshiba’s Troubles Hit Tipping Point

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BREAKING NEWS

Reports Say CEO is Out; Board of Directors Faces Massive Overhaul

Toshiba logoWhen Japan Prime Minister Shinzo Abe announced an initiative to tighten up corporate oversight he couldn’t possibly have known that his administration’s first catch might be his biggest – Toshiba Corp. Toshiba, one of the largest and most respected companies in Japan, is being investigated for what many sources are calling one of Japan’s worst accounting scandals.

See what is coming for this titan of Japanese industry… [Read more…] about Toshiba’s Troubles Hit Tipping Point