- Reuters•7 hours ago
Toshiba Corp shareholders agreed to split off its prized NAND flash memory unit on Thursday, paving the way for a sale to raise at least $9 billion to cover U.S. nuclear unit charges that threaten the conglomerate's future. Coming a day after Westinghouse filed for bankruptcy, the extraordinary general meeting saw angry shareholders vent at CEO Satoshi Tsunakawa, with one noting that managers had only last year described the chip and nuclear businesses as core units at the conglomerate.
- Reuters•18 hours ago
* Westinghouse secures $800 mln in debtor-in-possession financing * Toshiba says Westinghouse liabilities were $9.8 bln as of Dec * Westinghouse nuclear projects dogged by delays, cost overruns * Toshiba to close first-round bidding for chip business on Wed (Adds details from SCANA investor call, comments from regulators, updates share prices) By Tom Hals, Makiko Yamazaki and Tim Kelly WILMINGTON, DEL./TOKYO, March 29 (Reuters) - Westinghouse Electric Co, a unit of Japanese conglomerate Toshiba Corp , filed for bankruptcy on Wednesday, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Southeast. The bankruptcy casts doubt on the future of the first new U.S. nuclear power plants in three decades, which were scheduled to begin producing power as soon as this week, but are now years behind schedule.
A JPMorgan Asia tech analyst explains why Taiwanese manufacturer Hon Hai could benefit from the next iPhone super-cycle.
2317.TW : Summary for HON HAI PRECISION TWD10 - Yahoo Finance
Hon Hai Precision Industry Co., Ltd. (2317.TW)
Taiwan - Taiwan Delayed Price. Currency in TWD
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|Day's Range||91.20 - 91.60|
|52 Week Range||65.91 - 91.80|
|PE Ratio (TTM)||11.96|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|