Browsing Tag

Toshiba

Bain group to buy Toshiba’s memory chip business

Japan’s Toshiba Corp (6502.T) has selected a group led by U.S. private equity firm Bain Capital to buy its prized memory chip unit, three people with knowledge of the talks said on Wednesday, the latest dramatic twist to a highly…

Toshiba delivers long-awaited earnings

Toshiba has met a deadline to report its long-awaited earnings results, reducing the risk that the firm will be delisted from the Tokyo Stock Exchange.

Toshiba chairman quits over $3.4bn loss

Toshiba chairman Shigenori Shiga has resigned, hours after the Japanese conglomerate revealed details of a multi-billion dollar loss. Earlier Toshiba had delayed issuing its results, but it then said it was set to report a net loss of 390bn…