Toshiba seeks to sell U.S. nuke unitMarch 14, 2017 - 15:59 AMT PanARMENIAN.Net - Toshiba president Satoshi Tsunakawa has said the company may sell its majority stake in U.S. nuclear unit Westinghouse, BBC News reports. The struggling electronics firm bought Westinghouse in 2006, but it has suffered huge cost over-runs. Toshiba has also been given permission to delay reporting its earnings for a second time - this time until 11 April. Tsunakawa said: "We are working on nurturing our growth businesses to return to stable growth by fiscal years 2018 and 2019." Shares in the company rallied late on Tuesday, 14 March closing up 0.5% in Tokyo after earlier falling by nearly 9%. In February, Toshiba's chairman stepped down and the firm delayed publishing its results over disagreements with its auditors. Last month, the firm announced a 712.5bn yen ($6.3bn) writedown because some of its U.S. nuclear assets were worth far less than estimated. The situation has led some analysts to warn that the company's future may be at risk. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |