Loss-hit Toshiba nosedives on fears about future
Toshiba's woes continue to pile up
Tokyo - AFP
Toshiba shares plunged Wednesday afternoon as fears grow about the future of one of Japan's best-known firms, which is battling massive losses and accounting fraud allegations at its US nuclear unit.
The Tokyo-listed stock dropped 13.62 percent to 186.5 yen with concerns growing that the embattled company's shares could be delisted from the bourse.
The vast conglomerate -- which has about 188,000 employees globally and annual revenue topping 5.6 trillion yen -- won regulatory approval Tuesday to delay releasing its fourth-quarter earnings for a second time.
Toshiba said it needed more time to probe claims of misconduct by senior executives at atomic power unit Westinghouse Electric and gauge the impact on its finances.
The Tokyo Stock Exchange has put Toshiba "under supervision" over concerns about its internal management controls, a designation that means the stock is at risk of being delisted -- a major embarrassment for a pillar of corporate Japan.
source: AFP
GMT 05:25 2017 Wednesday ,10 May
Toshiba wrangles with Western Digital over chips unit saleGMT 11:52 2017 Tuesday ,11 April
Toshiba warns over survival as it reports delayed resultsGMT 11:43 2017 Friday ,31 March
Toshiba soars on reports of memory chip unit bidGMT 08:00 2017 Thursday ,30 March
Toshiba execs under fire as loss forecast balloonsGMT 12:58 2017 Wednesday ,29 March
Toshiba's Westinghouse files for US bankruptcy protectionRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read MoreGMT 07:18 2012 Monday ,30 April
Nimbus, Ten Sports in frame to broadcast Pakistan T20 league
GMT 19:33 2016 Sunday ,17 April
At least 12 killed in joint US-Afghan raid in eastern Afghanistan
GMT 20:21 2016 Tuesday ,14 June
QIA said to weigh loan of up to $2bn for Singapore TowerGMT 06:29 2011 Monday ,14 November
Matthew cruises to win at Ochoa Invitational
GMT 14:47 2018 Friday ,09 November
Along US border, a growing opposition to military deployment
GMT 03:34 2017 Wednesday ,22 March
Tillerson to skip NATO meeting next monthGMT 13:44 2013 Friday ,15 March
Israel suppress Palestinian demonstrations
GMT 16:15 2017 Monday ,01 May
Moroccan Workers’ Syndicate
GMT 11:56 2016 Wednesday ,12 October
Toyota, Suzuki eye partnership as industry consolidates
GMT 15:42 2011 Thursday ,23 June
Express checks in with foursquare
GMT 10:49 2017 Sunday ,13 August
Car rams into crowd at violent Virginia rally
GMT 17:45 2013 Sunday ,20 October
5 Indian spices that are good for your healthGMT 23:34 2013 Wednesday ,29 May
Monitor, Red Pepper closures spark protests in UgandaGMT 08:41 2012 Saturday ,15 September
Italian magazine: will print Kate topless snapsGMT 08:02 2012 Tuesday ,05 June
Zoe Saldana in Prabal GurungGMT 06:11 2012 Saturday ,15 September
Tunisia’s Media Conflict: Journalists fight for freedom
GMT 23:47 2015 Friday ,21 August
Senior Muftis, scholars hail success of international Iftaa conference
GMT 14:35 2015 Friday ,24 July
Awqaf Minister hails New Suez Canal project
GMT 16:34 2017 Thursday ,28 December
Hitler's Nazi-parade Mercedes setGMT 11:22 2011 Monday ,10 October
Paul McCartney to play in Moscow in December
GMT 05:17 2015 Friday ,25 September
Pope expresses solidarity with Muslims after stampede
GMT 05:44 2012 Saturday ,21 April
ATV engine 95 HPGMT 03:01 2011 Monday ,19 September
Laughter, tears at US television\'s Emmy awardsGMT 12:04 2012 Wednesday ,07 March
6 Music animation draws on 10 years of eclectic radio
GMT 01:00 2015 Sunday ,05 April
Barzani congratulates Abadi on Tikrit victory
GMT 13:24 2015 Thursday ,15 October
Tesla installs 'autopilot' updateGMT 06:17 2012 Monday ,02 January
Countries across the world celebrate the New Year
GMT 04:07 2016 Tuesday ,07 June
For new era of self-driving cars
GMT 08:21 2017 Saturday ,23 December
Saudi-Sudanese Deal to Ease Transfers
GMT 11:08 2017 Thursday ,21 December
Asian markets mostly down as tax cut euphoria wanes
GMT 13:47 2017 Monday ,08 May
Menna Shalaby does not imitate Turkish actresses
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor