Toshiba News and New Products

Thad Moore - Mon July 31, 2017

Santee Cooper, SCE&G Halt Work on $14B South Carolina Nuclear Power Deal

Santee Cooper and South Carolina Electric & Gas will halt work immediately on two nuclear reactors in the Midlands, S.C., ending months of deliberation over the future of the troubled project. Santee Cooper, a state-owned electricity provider, said early Monday afternoon it would stop construction on the partially completed power units in Fairfield County, which have cost South Carolina utility customers nearly $9 billion so far....

Lisa Botter - TheStreet - Mon April 24, 2017

Toshiba Splits Business Three Ways After $4.7B in Losses

Toshiba (TOSYY) shares gained in Tokyo April 24 after the group said it will split itself into four wholly-owned subsidiaries in a bid to maintain special construction business licenses with the Japanese government....

Yuri Kageyama - Tue April 11, 2017

Toshiba Reports $9.2B in Losses After Nuclear Losses in U.S.

Toshiba Corp., whose U.S. nuclear unit Westinghouse Electric Co. has filed for bankruptcy protection, reported unaudited earnings April 11 and projected a 1.01 trillion yen ($9.2 billion) loss for the fiscal year that ended in March....

- Fri February 17, 2017

Nuclear Business Meltdown Halts Construction Projects for Toshiba in the U.S.

Toshiba's dramatic exit from the business of building nuclear power plants lands another blow to a beleaguered sector, undermining new development and research on advanced reactor designs. After acquiring a majority stake in Pittsburgh-based Westinghouse Electric in 2006 for $5.4 billion, the Tokyo technology conglomerate had high hopes for rolling out a new generation of safer, smaller, cheaper power plants, as well as a series of streamlined full-scale reactors....