Japan

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Takata Rescue Talks Extended, Even as Bankruptcy Risk Looms

Potential rescuers of Japan's Takata Corp have extended talks, already in their 14th month, for a deal to take over the air bag maker at the heart of the auto industry's biggest safety recall, people briefed on the process said. Car-parts maker ...

Daily Headline - global.abi.org - 04/17/2017 - 21:23 - 0 comments

Toshiba Files Results Unapproved By Auditor; Warns Of 'Going Concern' Risk

Toshiba Corp filed twice-delayed business results on Tuesday without an endorsement from its auditor and warned its very survival was in doubt, deepening a prolonged crisis at the Japanese conglomerate, Reuters reported. "There are material events a ...

Daily Headline - global.abi.org - 04/11/2017 - 22:27 - 0 comments

Japanese Investors Dump French Debt at Record Pace

Japanese investors ramped up their selling of French government debt to a record pace in February as bondholders shuddered at polls showing rising support for eurosceptic candidate Marine Le Pen in the country’s upcoming presidential elections, the Fin ...

Daily Headline - global.abi.org - 04/10/2017 - 22:08 - 0 comments

Toshiba Creditors Prepare for a Third Missed Accounting Deadline

Toshiba’s chances of remaining a listed company are bleak as the crisis-hit industrial group scrambles to meet a third accounting deadline, analysts warn. The warnings come as executives among Toshiba’s creditors — an 80-strong group of big banks and reg ...

Daily Headline - global.abi.org - 04/05/2017 - 21:17 - 0 comments

Toshiba Shares Rise After Report Westinghouse May File Bankruptcy Tuesday

Toshiba's shares were last up 0.5 percent at 224 yen after earlier rising as high as 232 yen, against the ...

Daily Headline - global.abi.org - 03/27/2017 - 19:38 - 0 comments

Toshiba Under Pressure Over the Future of its US Nuclear Unit

Toshiba’s biggest creditors are split over its future strategy as pressure mounts for a swift Chapter 11 bankruptcy protection filing by Westinghouse, the troubled Japanese conglomerate’s US nuclear subsidiary, the Financial Times reported. People br ...

Daily Headline - global.abi.org - 03/26/2017 - 20:00 - 0 comments

Takata Shares Drop on Reports of Carmaker-Led Push for Restructuring

Shares in Takata sank on Wednesday amid reports the troubled airbag maker might let its customers decide on how to restructure the company as it attempts to survive a crisis over its exploding airbags, the Financial Times reported. The Japanese compa ...

Daily Headline - global.abi.org - 03/22/2017 - 22:45 - 0 comments

How Toshiba Lost $6 Billion

Since its founding in 1873 as Japan’s first maker of telegraph equipment, Toshiba has survived a litany of challenges, from the Great Kanto earthquake of 1923, to having its factories bombed into rubble during World War II, to the drubbing of the Zune mu ...

Daily Headline - global.abi.org - 02/20/2017 - 23:21 - 0 comments

Toshiba’s Meltdown: Chairman Out, $6.3 Billion Write-Down

Toshiba Corp.’s problems threatened to spiral out of control as the electronics giant projected a $6.3 billion write-down, postponed its earnings report because of allegations of impropriety and said its chairman was resigning—all in the space of a day, ...

Daily Headline - global.abi.org - 02/14/2017 - 21:21 - 0 comments

Takata Faces Fresh Bankruptcy Fears

Investors in Takata have begun to price in the growing risk of a court-led bankruptcy after Chinese-owned Key Safety Systems emerged as the leading bidder for the Japanese automotive supplier mired in a global recall crisis over exploding airbags, the ...

Daily Headline - global.abi.org - 02/06/2017 - 22:41 - 0 comments

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