After losing half of their value in four months, shares in the Japanese conglomerate have rebounded as shareholders approved of a plan to split off Toshiba’s flash memory chip business.Toshiba shares staged strong gains in trading in Tokyo Thursday, rising as much as 5.6 percent before paring back to close four percent higher. The rebound …
Shares in Japanese conglomerate Toshiba have fallen sharply on the Tokyo Stock Exchange. The renewed steep drop came after a report saying the firm’s US nuclear unit could be placed into bankruptcy protection.Toshiba’s Tokyo-listed stock opened higher at the beginning of trading on Monday, but quickly reversed course to end the morning 5.65 percent down …
Toshiba has again postponed an overdue earnings report for the October-December quarter. The Japanese company said it needed more time to look into a possible accounting fraud at its US nuclear unit.Toshiba on Tuesday delayed the release of its quarterly earnings report again, sending its shares diving more than 8 percent by the midday break. …
Japanese electronics company Toshiba has said it’s swung to a profit in its April-June quarter. The earnings report came as the firm kept trying to turn the page on an embarrassing accounting scam.
