Toshiba Shares Crash As Nuclear Writedown Crisis Deepens
Shares in Toshiba have dived 16% on reports that the embattled Japanese conglomerate faces bigger losses at its US nuclear power business. It is feared Toshiba may have to write down the value of the unit by a larger-than-expected 700bn yen ($6.1bn; £5bn). There are unconfirmed reports Toshiba is seeking aid from the government-backed Development … Read more