Toshiba misses Q3 deadline; considers strategic options for Westinghouse


  • TECH
  • Tuesday, 14 Mar 2017

Dire straits: Toshiba said it would speed up looking at whether to sell a majority of Westinghouse.

TOKYO: Japan's Toshiba Corp failed to submit audited third-quarter earnings for a second time on Tuesday, gaining a one month extension as its expands a probe into problems at its US nuclear unit Westinghouse.

With its financial woes only deepening, Toshiba said it would speed up looking at whether to sell a majority of Westinghouse even as it sought to reassure investors it could have a future without the unit or its prized memory chip business which has been put up for sale.

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