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Toshiba made a big bet on nuclear energy. It went bad.

Scott Tong Dec 27, 2016
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Toshiba made a big bet on nuclear energy. It went bad.

Scott Tong Dec 27, 2016
HTML EMBED:
COPY

The Japanese industrial conglomerate Toshiba has constructed a new financial mess. Today the company announced a write-down of a loss that could run “several billion U.S. dollars” when all is said and done. The issue is a big bet Toshiba made on nuclear energy here in the United States. One that’s turned awfully sour.

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