Toshiba reports $102 million quarterly net loss

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.

Toshiba reports $102 million quarterly net loss

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.

Toshiba taps ex-top execs of major firms as outside directors

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.

Toshiba CEO to step down over accounting scandal

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.

Toshiba CEO to quit in accounting scandal: Sources

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.

Tesco kicks off fightback with cost cuts and asset sales

Last Updated: Friday, January 9, 2015, 04:36

Tesco will slash costs and sell assets to fund lower prices and mend its finances, Britain`s biggest retailer said on Thursday.

Ex-Olympus CEO meets Tokyo prosecutors on scandal

Last Updated: Thursday, November 24, 2011, 10:51

Former Olympus CEO Michael Woodford met on Thursday with Tokyo prosecutors, who are investigating an accounting scandal at the once venerable camera maker, a day before attending a board meeting for a showdown with the directors who fired him.