Last Updated: Tuesday, September 15, 2015, 13:54
Toshiba on Monday reported a first-quarter loss of $102 million after sales fell to a two-and-half-year low, in a fresh blow to the Japanese conglomerate after a huge accounting scandal.
Last Updated: Monday, September 14, 2015, 15:16
Sales fell 4.5 per cent from a year earlier to 1.35 trillion yen, the lowest since the quarter ended December 2012, due to a poor performance in television and personal computer businesses.
Last Updated: Monday, September 7, 2015, 08:37
Toshiba left unchanged its previously announced 170 billion yen operating profit on sales of 6.65 trillion yen for its latest fiscal year.
Last Updated: Tuesday, August 18, 2015, 17:09
Crisis-hit Toshiba said Tuesday it will book a net loss for the last fiscal year, as it scrambles to revise its financial records to account for a billion dollar accounting scandal.
Last Updated: Friday, August 7, 2015, 07:36
Brazil`s state-run oil giant Petrobras, rocked by a massive graft scandal, said Thursday that second-quarter net income fell nearly 90 percent from a year ago, in part due to plummeting crude prices.
Last Updated: Saturday, July 25, 2015, 14:46
The Federal Financial Supervisory Authority (BaFin) had criticised Deutsche Bank and Jain in its report on investigations into the rate fixing scandal.
Last Updated: Tuesday, July 21, 2015, 20:13
Hisao Tanaka and vice chairman Norio Sasaki -- also a former president -- were the most senior to step down after an independent report found top management complicit in a years-long scheme to pad profits.
Last Updated: Tuesday, July 21, 2015, 12:41
CEO and President Hisao Tanaka will be replaced by Chairman Masashi Muromachi effective Wednesday, the company said in a statement, adding it was considering appointing outside directors to over half of its board seats.
Last Updated: Wednesday, July 15, 2015, 19:41
Toshiba Corp expects 300-400 billion yen ($2.4-3.2 billion) in charges related to improper accounting in an expanding probe that is set to force Chief Executive Hisao Tanaka to step down, sources familiar with the matter said on Wednesday.
Last Updated: Saturday, June 20, 2015, 09:49
Brazilian police began another phase in the investigation of massive corruption at state oil company Petrobras, arresting the heads of two of the country`s most important companies.
Last Updated: Friday, May 29, 2015, 11:38
Tesco's book-keeping scandal has prompted Britain`s accounting policeman to turn a spotlight on annual reports in the retail sector to check for similar irregularities.
Last Updated: Wednesday, May 20, 2015, 17:01
UBS will pay $545 million to US authorities to end an investigation into alleged manipulation of currency rates, a settlement that will help the Swiss bank to move on after a series of trading scandals.
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