Tag: US nuclear power unit

Toshiba warns of huge losses in US nuclear power unit

by Miwa SUZUKI Agence France-Presse TOKYO, Japan (AFP) — Toshiba hinted at a possible fresh accounting scandal Tuesday as it delayed the release of financial results but warned it would lose billions of dollars in its US nuclear power unit. Its Tokyo-listed shares plunged after one of Japan’s best-known companies surprised markets by failing to release nine-month earnings at midday as scheduled. Toshiba — which was hammered in 2015 by a profit-padding scandal — said […]