Toshiba to cut up to 4,000 jobs in Japan TOKYO: Troubled Japanese industrial giant Toshiba said Thursday that it plans to cut up to 4,000 jobs domestically... Published 16 May, 2024 02:57pm
Technology Toshiba prepares for $14bn deal to go private TOKYO: Toshiba said a previously announced scheme to take the troubled Japanese conglomerate private in a deal worth... Published 07 Aug, 2023 02:53pm
Business & Finance Toshiba board recommends shareholders support JIP-led $14bn buyout TOKYO: Japan’s Toshiba Corp said on Thursday its board of directors has decided to recommend shareholders take up a... Published 08 Jun, 2023 09:42am
Business & Finance Toshiba posts 35pc decline in full-year net profit TOKYO: Japanese conglomerate Toshiba on Friday said full-year net profit fell by more than a third due partly to ... Published 15 May, 2023 06:41am
Business & Finance $15bn scramble for Japan’s Toshiba went from bang to whimper TOKYO: Toshiba Corp’s auction was supposed to ignite a race for top-dollar bids among global private equity firms.... Published 03 Apr, 2023 06:36am
Business & Finance Toshiba says it will ‘support’ $15bn takeover bid TOKYO: Troubled Japanese conglomerate Toshiba said Thursday it will “support” a $15 billion takeover bid by a... Published 27 Mar, 2023 07:33am
Business & Finance Fate of management at Japan’s Toshiba a cause of friction for bidders and banks TOKYO: Disagreement over whether to keep Toshiba Corp’s management following a potential buyout caused friction... Published 07 Nov, 2022 07:01am
Business & Finance Toshiba in early talks with 10 potential buyout ‘partners’ TOKYO: Troubled conglomerate Toshiba said Friday it has been approached by 10 potential investors as it weighs going... Published 16 May, 2022 05:42am
Business & Finance Toshiba delays unveiling of board nominations for June meeting TOKYO: Toshiba Corp said on Friday it has delayed announcements on board director nominations as it needs more time... Published 13 May, 2022 09:46am
Business & Finance Toshiba holds key shareholder vote on spin-off plan TOKYO: Toshiba shareholders will vote Thursday on a plan to split the embattled Japanese conglomerate into two that... Published 24 Mar, 2022 10:18am
Business & Finance Toshiba unveils new plan to split into two companies TOKYO: Japan's Toshiba on Monday announced plans to split into two companies, revising proposals to divide into ... Published 07 Feb, 2022 09:28am
Business & Finance Major Toshiba shareholder objects to break-up, urges board to solicit offers TOKYO: Toshiba Corp’s second-largest shareholder on Wednesday objected to the Japanese conglomerate’s plan to... Published 25 Nov, 2021 03:53am
Opinion Iconic corporate names breaking up in trend to boost value Three multinational giants — General Electric, Johnson & Johnson and Toshiba... Published 15 Nov, 2021 04:55am
Opinion Iconic corporate names breaking up in trend to boost value Three multinational giants - General Electric, Johnson & Johnson and Toshiba - this week announced plans to ... Published 14 Nov, 2021 04:12am
Business & Finance Toshiba to split into three firms TOKYO: Storied Japanese conglomerate Toshiba will split into three companies, it said Friday, following a campaign ... Published 13 Nov, 2021 04:08am
Business & Finance Toshiba execs behaved unethically in pressuring overseas shareholders, report finds TOKYO: Toshiba Corp executives including its former CEO behaved unethically, albeit not illegally, with respect to... Published 12 Nov, 2021 09:34am
Business & Finance Toshiba to split business TOKYO: Toshiba plans to split into three companies as early as 2023, a report said Tuesday, after a series of crises... Published 10 Nov, 2021 05:47am
Business & Finance Toshiba to split business into three: report TOKYO: Toshiba plans to split into three companies as early as 2023, a report said Tuesday, after a series of crises... Updated 09 Nov, 2021 11:47am
Business & Finance Toshiba says board has not yet decided on best strategic option TOKYO: Toshiba Corp said on Wednesday its board has not yet decided on the most appropriate strategic option for the... Published 08 Sep, 2021 11:19am
Markets Nikkei ends flat TOKYO: Japanese shares were flat on Thursday as uncertainty over domestic corporate earnings kept investors on the... Published 25 Jun, 2021 04:20am
Business & Finance Harvard wasn't pressured over Toshiba, former Japan adviser says A spokesperson for HMC declined to comment for this article. Published 23 Jun, 2021 09:51am
World Toshiba apologises to shareholders after vote probe TOKYO: Toshiba apologised to shareholders Monday and said it would remove two directors after a probe found the... Published 15 Jun, 2021 03:30am
Markets Japanese shares inch higher TOKYO: Japanese shares rose on Monday as cyclicals such as tyre makers and shippers led gains on global recovery... Published 15 Jun, 2021 03:30am
Business & Finance Toshiba CEO resigns as buyout offer stirs turmoil TOKYO: Toshiba’s CEO resigned on Wednesday as a buyout offer from a private equity fund stirs turmoil inside the... Updated 15 Apr, 2021 10:08am
Business & Finance Toshiba CEO to resign as buyout offer stirs turmoil: media After sweeping restructuring, its earnings rebounded and it returned to the prestigious first section of the Tokyo Stock Exchange in January. Published 14 Apr, 2021 10:43am
Business & Finance Toshiba chairman issues cautious statement on CVC's take-private offer The chairman of Toshiba Corp's board on Friday issued a cautious statement on CVC Capital Partners' recent offer to take the company private. Published 09 Apr, 2021 09:25am
Markets Tokyo stocks open lower in cautious trade Hitachi was trading down 0.75 percent at 5,008 yen. Published 08 Apr, 2021 09:49am
Markets Markets waver but London boosted by Toshiba news The news also partly buoyed Tokyo stocks as media reports suggested the deal could be worth about $20 billion (17 billion euros). Published 07 Apr, 2021 04:43pm
Markets Japanese shares end higher on bargain-hunting; Toshiba surges Its peers Kawasaki Kisen advanced 4.04% and Mitsui OSK Lines climbed 2.62%. Published 07 Apr, 2021 12:55pm
Technology Toshiba to weigh buyout offer from UK fund The move, if successful, would allow the firm to concentrate resources on renewable energies and other core businesses, the reports added. Published 07 Apr, 2021 10:19am
KSE-100 closes above 97,000 for the first time as investors dismiss political noise, index gains 1,782 points