Toshiba Corp has delayed its earnings release, including details of a multi-billion charge related to cost overruns at its US nuclear arm.
The company said Shigenori Shiga, the chairman, will step down from the board but stay on as a Toshiba executive.
Shiga was one of the team that took control of Toshiba after the accounting scandal of 2015.
Toshiba had attempted to avoid the $6.3 billion write-down by selling a 20 percent stake in its profitable memory business.
As a result shareholders' equity at the end of December was minus $1.7 billion.
Shaw and Toshiba bought Westinghouse in 2006. Toshiba, however, had warned investors last month that it would announce goodwill impairment associated with the nuclear construction projects in the United States, and its February 14 announcements said the figures contained in it are not final and fully audited numbers will be issued March 14, after Japanese authorities allowed the company more time to file. Toshiba confirmed today that it will take a $6.3 billion hit thanks to its problematic US-based nuclear construction business. Japan's nuclear sector was thrown into crisis after multiple meltdowns of reactors at a power plant in Fukushima prefecture triggered by the March 2011 quake and tsunami.
Delhi Police recover Nobel replica, three held
However, the police noted that the citation was not among the items recovered from Vinod (35), Sonu (28) and Rajan (25). The burglars had fled with the replica, the citation and ornaments, which are of sentimental value to the family.
DeVos Brings a Fresh Approach to Education
The chances you will be watching are bested only by the chances a grizzly bear walks into your kid's school today. It was the first time in history the Vice President was called to break a tie on a cabinet nomination.
Whistleblowers have flagged concerns that senior management at Westinghouse exerted "inappropriate pressure" to advance the acquisition process, Toshiba said.
Tom Greatrex, chief executive of the UK Nuclear Industry Association, said: "Building new nuclear capacity in west Cumbria is an integral part of the UK being able to replace old power stations, keeping a balanced mix as carbon emissions are reduced". Mr. Tsunakawa said Toshiba was willing to sell a majority stake in Westinghouse, but analysts said they doubted anyone would want to buy it.
To end litigation over cost overruns, Westinghouse in 2015 made a deal to acquire Stone & Webster, its construction partner on the USA nuclear projects.
Toshiba itself has been more ambiguous.
In England, Toshiba's announcement that it would withdraw from nuclear construction contracts outside of Japan hasn't played well.
Toshiba is attempting to recover after it emerged in 2015 that profits had been overstated for seven years, prompting its boss to step down.
A Chinese man who was trapped in India for more than 50 years has finally been reunited with his family. But his case was made public and he was visited by Chinese diplomats who promised to take him back.
The WHP shared the video to help people understand how important it can be to heed high wind warnings and advisories. Strong winds are to blame for a semi truck that smashed a Wyoming State Trooper's vehicle last week along I-80.
The last game to take place in World War 2 was Call of Duty: World at War, which was a Treyarch game that came out in 2008. It's fantastic to think that, despite Infinite Warfare's incredible earnings in 2016, it could have been even higher.
It was taking tourists back from a trip to see cherry blossoms when it crashed, Taipei city Deputy Mayor Teng Chia-ji said. According to reports, the bus was 19 years old and belonged to an agency that runs tours across Taiwan.
As many as four other protest camps are being established on Standing Rock by the Cheyenne River Sioux bands. The Standing Rock and Cheyenne River Sioux argue the pipeline threatens drinking water and cultural sites.
The big three were surprise additions after they were reportedly out for this game, but they- by they I mean Kyrie- put on a show. Ilyasova was the only starter in double figures with 16 points for Philadelphia, which snapped a five-game losing streak.
Shanghai Composite closed 0.12 per cent lower while Japan's Nikkei was down 0.35 per cent and Hong Kong shed 0.07 per cent. Indian shares ended on a flat note on Friday, even as IT stocks posted widespread gains for the second day running.
Instead, some 14,000 elders and regional figures chose 275 members of parliament and 54 senators to decide the election. In a short speech, the new president said , "This victory belongs to the people of Somalia".
This voucher can be used to get a drug reviewed faster; it can also be sold to other company for hundreds of millions of dollars. Marathon said that as of now just around seven to nine percent of those afflicted with Duchenne have access to deflazacort.
In theory, the Lords, who are unelected, can not oppose a measure that enjoys large parliamentary and clear public support. It must now go the House of Lords before Mrs May can invoke Article 50, which she has promised to do by the end of March.
Sessions has used the awesome powers of his office in a shabby attempt to intimidate and frighten elderly black voters". Warren appealed the ruling, arguing she was simply quoting something another person had written about Sessions.
Should The Tennessee Titans Sign Victor Cruz?
At 30-years old, Cruz is not in his prime and has yet to show he can be the same player he was before he tore his patellar tendon. He was facing a $9.4 million cap number, and given his injuries and 2016 production, that simply was not happening.
Erdogan: Turkey, FSA close to capturing Syria's Al-Bab
Both Russia and Turkey have been conducting air strikes in Al Bab, which has been held by the Islamic State group since December. Al-Bab is special because it is the only place in Syria where all four have significant forces in close proximity.
Northeast storm blamed for one death and massive gridlock
Officials said they have not made a decision on whether to shut the Long Island Expressway, the main roadway on the island. The winter blast comes a day after much of the Northeast saw spring-like weather, with temperatures of 50 to 60 degrees.
Mark Warburton resigns as Rangers manager
As you can imagine it prompted much speculation about what was actually happening, from hacked websites to disgruntled employees. Rangers' agreement to waive compensation would assist the management team to join another club.
Tesla P100D Breaks Acceleration Record
It costs about $135,000 compared to a $1.5 million Ferrari LaFerrari, $1.1 McLaren P1 or the $845,000 Porsche 918 Spyder. Musk noted you could shave another couple hundredths off the time by taking out the floor mats and trunk liner.
Tension builds for the Dakota Access pipeline
The stock for Energy Transfer Partners , the company behind the pipeline, rose 0.8 percent after the announcement. But, as protesters continue to fight for what they think is right, the outcome may not be what was expected.
Matsuyama continues hot form in Phoenix
Simpson's drive on the 332-yard hole ended up on the right edge of the green, with a bunker blocking his path to the hole. He said, "I don't know if I played that well, but I won". "But during the playoff, I did hit some good putts".