Toshiba shares dropped Tuesday morning as a report said the huge conglomerate may warn that its future is in jeopardy owing to huge losses in its nuclear power business. Japan’s leading Nikkei business daily said Toshiba would issue the red flag as it reports nine-month earnings later in the day. Shares in the beleaguered company, … Read more
Toshiba shares dropped Tuesday morning as a report said the huge conglomerate may warn that its future is in jeopardy owing to huge losses in its nuclear power business. Japan’s leading Nikkei business daily said Toshiba would issue the red flag as it reports nine-month earnings later in the day. Shares in the beleaguered company, … Read more
Toshiba Corp (6502. T) said it will sell a minority stake in its memory chip business as it urgently seeks funds to offset an imminent multi-billion dollar writedown, adding that its overseas nuclear division – the cause of its woes – was now under review. The drastic measures are set to be just some of … Read more
Japan’s Toshiba Corp (6502. T) said it will unveil the extent of the writedown on its U.S. nuclear business on Feb. 14 when it reports its results for the quarter ended Dec. 31. The laptops-to-engineering conglomerate, still recovering from a $1.3 billion accounting scandal two years ago, shocked investors in December by announcing major cost … Read more
Apple Inc filed a $1 billion lawsuit against supplier Qualcomm Inc on Friday, days after the U. S. government accused the chip maker of resorting to anticompetitive tactics to maintain a monopoly over key semiconductors in mobile phones. Qualcomm is a major supplier to both Apple and Samsung Electronics Co Ltd for “modem” chips that … Read more
US chipmaker Qualcomm has been fined a record 1.03trn won ($854m, £698m) for allegedly breaching competition law in South Korea. The Korean Fair Trade Association said the firm had engaged in unfair business practices with its patent licensing and modem chip sales. It also said Qualcomm had abused its dominant position in the chip market. … Read more
Toshiba Corp said it may have to book several billion dollars in charges related to a U. S. nuclear power acquisition, a shock warning that sent its stock tumbling 12 percent and rekindled concerns about its accounting acumen. The Japanese group said cost overruns at U.S. power projects handled by a nuclear construction business newly … Read more