Photo: BloombergTokyo: Toshiba, whose US nuclear unit Westinghouse has filed for bankruptcy protection, is reporting a 950 billion yen ($8.4 billion) net loss for the fiscal year ended March. The loss was about double the 460 billion yen ($4.1 billion) loss racked up the previous fiscal year. Toshiba, whose products include computer chips and household appliances, acquired Westinghouse in 2006. Tsunakawa said he doesn’t think Western Digital can block Toshiba. Toshiba also said it expects to return to profit for the fiscal year through March 2018, of 50 billion yen ($442 million).

Source: Mint May 15, 2017 06:45 UTC