Toshiba

Toshiba Corp said it may have to book several billion dollars in losses related to a U.S. nuclear power acquisition, a shock warning that sent its stock tumbling 12 percent and rekindled concerns about its accounting acumen.

Crisis-hit Toshiba warned on Dec. 21 it would book a record $4.5 billion annual loss and slash thousands of jobs, as the vast firm's shares plunged in Tokyo.

The moves are part of a restructuring announced in the wake of an embarrassing accounting scandal that rocked one of Japan's best-known firms.

Toshiba executives on Sept. 30 faced the wrath of shareholders who demanded an explanation after one of Japan's best-known companies was hammered by a billion-dollar accounting scandal.

The president of Toshiba and seven other high-level executives and directors resigned on July 21 over a $1.2 billion accounting scandal blamed on management's overzealous pursuit of profit that has battered one of Japan's best-known firms.

Westinghouse Electric Company and eight European consortium partners today announced that they have received EUR 2 million in funding from the European Union (EU) to establish the security of supply of nuclear fuel for Russian-designed reactors in the EU.

Japanese general contractors Taisei and Obayashi will participate in the construction of a nuclear power plant project in Turkey led by the Japanese and Turkish governments, media group Nikkei reported on June 20. 

Westinghouse Electric Company has been accepted this week as full member of the Bulgarian Business Leaders Forum (BBLF) at the Board Meeting.

Turkey has begun preliminary talks with US-based Westinghouse Electric Company on the construction of a third nuclear plant in the country.

The news was announced in a Westinghouse statement.

Turkey has entered exclusive preliminary talks with U.S.-based Westinghouse Electric Company, part of Japan’s Toshiba group, on building the country’s third nuclear power plant, Westinghouse said.

The talks will continue for six months and will be conducted by Turkish state-owned electricity generation company EÜAS, Turkish energy officials said Nov. 25.

TARA - The first major campaign aimed at renewing the forests obliterated by huge fires on Mt. Tara, western Serbia, has been completed with assistance from the Japanese Toshiba company, the Tara National Park said in statement.