Stone & Webster

Toshiba Shares Crash As Nuclear Writedown Crisis Deepens

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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

Investors Wipe $6.6 Billion Off Toshiba’s Market Value

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Toshiba’s dreams of becoming a nuclear energy leader have turned into a nightmare. Rattled investors have wiped $6.6 billion off the company’s market value after it warned of huge losses tied to its 2015 acquisition of a U. S. nuclear construction business. Shares in the Japanese firm tumbled another 17% on Thursday. Losses over the … Read more