Toshiba is struggling to survive as a business
- 7 years ago
Toshiba Corp. announced their concerns to continue on as a business on Tuesday. The Japanese electronics company posted a $9 billion loss for its fiscal year. Toshiba’s U.S. nuclear unit, Westinghouse Electric Co. filed for bankruptcy last month after losing billions of dollars over cost overruns and construction delays. Auditors speculated that the Tokyo Stock Exchange would delist the company after they failed to report its earnings. Toshiba Chief Executive Officer Satoshi Tsunakawa