Help us end the fiscal year strong. Donate by June 30. Give Now

Toshiba is in survival mode after failed bet on nuclear energy

Scott Tong Feb 14, 2017
HTML EMBED:
COPY

Toshiba is in survival mode after failed bet on nuclear energy

Scott Tong Feb 14, 2017
HTML EMBED:
COPY

Toshiba, a fixture of Japan Inc. for more than a century, is in big trouble — to the tune of $6.3 billion. The company announced that whopping loss after the market closed in Tokyo today, and that may not be the worst yet. Some news reports say Toshiba might not survive in its current form. It is, as they say, complicated. But at the center of this is Toshiba’s big bet that turned sour on nuclear energy in the U.S. 

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.