Toshiba approves Westinghouse decision to file for bankruptcy

Toshiba Corp. has approved the decision by its troubled U.S. nuclear unit, Westinghouse Electric Co., to file for bankruptcy protection under Chapter 11, people close to the matter said Wednesday — a move that will allow the embattled conglomerate to minimize risk of further losses. The struggling giant has been under pressure to have Westinghouse […]

The post Toshiba approves Westinghouse decision to file for bankruptcy appeared first on The Japan Times.

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