Why Its Big Bet On Westinghouse Nuclear Is Bankrupting Toshiba
Submitted by Michael Shellenberger via EnvironmentProgress.org,
Toshiba, the venerable 80 year old Japanese electronics giant, appears to be going bankrupt.
Toshiba was supposed to have announced at least $6.3 billion in losses during an earnings call yesterday. Instead, it cancelled the report, saying "it was not able to immediately secure the approval of its auditor."