Huge Impairment of Nuclear Power Business Forces Toshiba to Sell its Mainstay NAND Flash Memory
Toshiba requested an extension of the deadline for submitting its quarterly earnings announcement for one month, owing to the whistle-blowing event this January, which suggests inappropriate procedure of purchase price allocation for Westinghouse’s acquisition of CB&I Stone & Webster, that closed in December 2015. Toshiba and lawyers are concerned this might affect quarterly financial numbers, and estimate one month is necessary for further investigation. Meanwhile, Toshiba disclosed pre...Toshiba is engaged in the manufacture and sale of electronics and energy products. Along with its affiliates, Co. operates in six business segments: energy systems & solutions, infrastructure systems & solutions, retail & printing solutions, storage & electronic devices solutions, industrial ICT solutions, and others. Co. provides thermal power generation systems, nuclear power generation systems, water supply and sewerage systems, instrumentation and control systems, environmental systems, automatic railroad station equipment, transportation equipment, POS systems, small-signal devices, information technology ("IT") solution services, personal computers, tablets, televisions, and others.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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