TOSHIBA
Nasdaq rises 1%, Dow, S&P close higher as weak jobs data tempers rate hike bets
U.S. stocks finished higher following a weaker-than-expected jobs report which eased rate hike expectations. Nonfarm payrolls rose by only 29,000, significantly below economists' forecasts of 90,000. The S&P 500 real estate index and small-cap Russell 2000 gained approximately 1% due to reassessed Fed rate increase likelihood. Despite this, the Dow and S&P 500 recorded declines for four out of five weeks.
AI boom is testing tech firms' climate pledges
Technology companies are stepping up their climate commitments but not fast enough to counter rapidly inflating energy needs linked to the artificial intelligence boom, a report said Wednesday. This year's edition, based on 2024 data, found that artificial intelligence "is both a driver of efficiency and a growing challenge", the ITU said in a statement.
Toshiba mulls 55-Billion-Yen investment to more than double output in Japan, India
Toshiba Energy Systems & Solutions Corporation is investing 55 billion yen by FY2027 to double its power transmission and distribution equipment output capacity in Japan and India. This expansion aims to meet accelerating global electricity demand, driven by renewable energy adoption and infrastructure upgrades. The investment will modernize and expand key facilities in both countries.
Toshiba delisted after 74 years, faces future with new owners
Toshiba was delisted on Wednesday after 74 years on the Tokyo exchange, following a decade of upheaval and scandal that brought down one of Japan's biggest brands and ushered in a buyout and an uncertain future.
Toshiba to go private after winning shareholder support for JIP's $14 billion takeover offer
A consortium led by Japan Industrial Partners (JIP) has acquired a 78.65% stake in Toshiba through a tender offer, bringing the company closer to completing a $14 billion deal to go private. This ownership majority allows JIP to potentially force out remaining shareholders. The deal, which includes the participation of around 20 Japanese companies, will result in Toshiba being delisted and owned by domestic entities.
Toshiba working with JIP to expedite $15-billion buyout
After Toshiba's board in March accepted a 2 trillion yen ($14.8 billion) buyout offer from the JIP-led group, Toshiba has "received positive responses from various stakeholders, including many customers, business partners and employees", it said in a statement.
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Toshiba stock rises after company's largest shareholder backs Bain buyout deal
Toshiba's shares jumped more than 6 per cent last week when Bain Capital won the support of the company's largest shareholder and commenced discussions with other investors over a potential proposal to take the one hundred and forty-year-old Japanese corporation private.
Toshiba investor 3D hails shareholders' rejection of separation plan
In a statement, the fund called for Toshiba's strategic review committee to immediately re-examine all the company's options.
Toshiba shareholders vote down both spin-off plan and call to seek buyout offers
The proposal to seek private equity buyout offers or a minority investment was made by Singapore-based 3D Investment Partners, Toshiba's No.2 shareholder and was also supported by top shareholder Effissimo Capital Management and No. 3 shareholder Farallon Capital Management.
Toshiba shareholders vote down both spin-off plan and call to seek buyout offers
The result of the extraordinary general meeting will likely force Toshiba to revise its controversial restructuring plan and ensure that there will be no immediate end to a four-year scandal-filled battle between management and foreign activist hedge funds.
Toshiba sets March date for initial vote on break-up plan
The final vote to determine whether to break up the 146-year-old conglomerate won't happen until next year but the meeting will be an important gauge of shareholder support for the board's restructuring plan, which has been criticised by some foreign hedge funds that own stakes in Toshiba.
Toshiba says now plans to split into two companies instead of three
Its revised plan is still expected, however, to face much pushback from foreign hedge funds, many of whom have been opposed to any kind of split and would prefer that the scandal-ridden Japanese conglomerate be taken private.
Toshiba walked away from potential buyout talks and Brookfield offer
Toshiba's decision to not pursue either course - some details of which have not been previously reported - and instead focus on a plan to split itself in three, has widened the gulf between the conglomerate and a number of its hedge fund investors, according to sources.
Toshiba plans to split into three firms, shareholder reaction in focus
Japan's Toshiba Corp has outlined plans to break up into three independent companies by spinning off two core businesses - its energy and infrastructure business as well as its device and storage business.
Toshiba India appoints Shuichi Ito as Managing Director
Toshiba India on Monday announced the appointment of Shuichi Ito as its Managing Director effective from October 1, 2021. He will succeed Tomohiko Okada, and lead Toshiba India's energy and social infrastructure businesses in the country, a company statement said.
Toshiba shareholders vote to oust board chairman
Toshiba was once a symbol of Japan's advanced technology and economic power but has lurched from scandals and losses to a recovery in recent years. The probe was launched after shareholders alleging vote irregularities pushed Toshiba to hold an extraordinary off-schedule general meeting in March.
Toshiba corporate scandal: Chairman says wants to stay on, says new directors needed
Toshiba has come under fierce scrutiny after an independent investigation last week revealed management colluded with Japan's powerful trade ministry to block foreign investors from gaining board influence, in what one leading shareholder has called the world's worst corporate scandal in a decade.
Toshiba chairman issues cautious statement on CVC's take-private offer
"This initial proposal by CVC was completely unsolicited and not initiated by Toshiba," board chairman Osamu Nagayama said.
Toshiba Carrier sets up new joint venture for commercial ACs
A press release said the joint venture was established on August 14 and will be headquartered in the premises of Toshiba India.
Toshiba's turbine shipment reaches 2,00,000 MW milestone
In 2009, Toshiba integrated the thermal power engineering functions of Toshiba India into Toshiba JSW Turbine and Generator Pvt Ltd.
Toshiba says it's suing Western Digital for $1billion
The relationship between Toshiba and Western Digital has gotten more acrimonious, as Toshiba moves toward a sale of the flash-memory division.
Toshiba to exit home appliance, TV business in India as losses mount
Toshiba has informed key trade partners and dealers in India about its decision and has stopped importing goods for over a month now.
Toshiba JSW bags Rs 3,436 crore order from UPRVUNL for 660 MW thermal power plant
Toshiba JSW has bagged an order worth Rs 3,436 crore for setting up a 660 MW thermal power plant in Aligarh district from UPRVUNL.
Toshiba's Finnish subsidiary bags euro 1 million/year contract
In the first phase of the contract, Toshiba group company Landis+Gyr will deliver 1,500 transformers produced by Toshiba at its plant in India.
Toshiba Corp wins $180 mn order from NTPC
Toshiba Corp has won a $180 million order from state-owned power generator NTPC for supply of super-critical steam turbine and generators.
Toshiba expands Satellite range; launches 18 laptops
Toshiba today launched 18 new devices as part of Satellite range of laptops aimed at business professionals and the youth.
Toshiba to acquire Vijai Electricals for around Rs 1,276.8 crore
Toshiba will establish a new company that will absorb the acquired business, and also integrate Toshiba's design and manufacturing technologies.
Toshiba gets $315 million order for power plant in UP
Toshiba has bagged a $315 million contract for supplying two units of 660 MW super critical steam turbines and generators package to Meja power plant.
Toshiba to outsource system chips to rival Samsung: Report
Japan's Toshiba plans to outsource production of system chips, used in cellphones, TVs and cars, to South Korea's Samsung in order to focus on its own strong memory chip business, a report said Friday.
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