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Toshiba's survival in doubt amid Westinghouse troubles

Toshiba's survival in doubt amid Westinghouse troubles

Wednesday, April 12, 2017, 12:25 PM

Toshiba Corp., whose US nuclear unit Westinghouse Electric Co. has filed for bankruptcy protection, raised doubts today about its ability to survive as a company. In an unaudited financial report, Toshiba projected a 1.01 trillion yen loss for the fiscal year that ended in March, a figure that ballooned from the 390 billion yen loss forecast in February because of the troubles at Westinghouse.
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