[New post] Toshiba posts net loss, plans restructuring to put scandal behind it

sskarthik posted: "By Ritsuko Ando and Makiko Yamazaki TOKYO (Reuters) - Japan's Toshiba Corp booked a net loss for the past financial year and pledged a bold restructuring, raising hopes it was finally moving beyond a $1.3 billion accounting scandal. Shares in Toshiba" Respond to this post by replying above this line New post on SKarthik.info Toshiba posts net loss, plans restructuring to put scandal behind it by sskarthik By Ritsuko Ando and Makiko Yamazaki TOKYO (Reuters) - Japan's Toshiba Corp booked a net loss for the past financial year and pledged a bold restructuring, raising hopes it was finally moving beyond a $1.3 billion accounting scandal. Shares in Toshiba rose 1.8 percent on Monday, but they are still down around 30 percent since its accounting issues were disclosed in early April. "Toshiba is still facing a number of daunting issues, such as what to do with its unprofitable PC and TV businesses," said Hiroyasu Nishikawa, a senior analyst at IwaiCosmo Securities Co, adding that its accounting woes were set to drag on due to shareholder lawsuits. Read more... sskarthik | September 8, 2015 at 10:03 am | Categories: Computers and Internet | URL: http://wp.me/p1eKZE-3iQv Comment    See all comments Unsubscribe to no longer receive posts from SKarthik.info. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://sskarthik.wordpress.com/2015/09/08/toshiba-posts-net-loss-plans-restructuring-to-put-scandal-behind-it-4/ Thanks for flying with WordPress.com