Toshiba's U.S. nuclear unit files for Chapter 11 bankruptcy

Toshiba's U.S. nuclear unit files for Chapter 11 bankruptcy

Toshiba Corp. President Satoshi Tsunakawa speaks at a press conference in Tokyo on March 29, 2017. Toshiba's troubled U.S. nuclear unit Westinghouse Electric Co. has filed for Chapter 11 bankruptcy protection, and Toshiba now expects a group net loss of 1.01 trillion yen ($9.13 billion) for the fiscal year ending March 31, the biggest loss for a nonfinancial Japanese entity. (Kyodo) ==Kyodo

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  • ILEA000106482
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