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|Toshiba making preparations for sale of stake in chip business: sources - |
By Kentaro Hamada and Makiko Yamazaki TOKYO (Reuters) - Japan's Toshiba Corp has begun preparations to sell a minority stake in its core chip business, people with knowledge of the matter said, as it urgently seeks funding to help avoid being crippled by an upcoming multi-billion dollar writedown. The industrial conglomerate has distributed non-disclosure agreement forms to various funds including private equity firm Silver Lake, said one of the people. Its semiconductor business - the world's second-biggest NAND flash memory producer after Samsung Electronics Co Ltd - is Toshiba's crown jewel, accounting for the bulk of its operating profit.
Fri, 20 Jan 2017 01:50:13 -0500
|Japan trade minister says not considering Toshiba rescue plan - TOKYO (Reuters) - Japan's minister for economy, trade and industry, Hiroshige Seko, said on Friday a rescue plan for embattled conglomerate Toshiba Corp was not under consideration at his ministry. Seko told reporters after a cabinet meeting that he would closely monitor the steps taken by Toshiba's management. Toshiba is under pressure to come up with cash as it faces a bigger-than-expected writedown for its U.S. nuclear business that local media have said could come in at $6 billion. (Reporting by Ami Miyazaki; Editing by Himani Sarkar) Fri, 20 Jan 2017 01:50:13 -0500|
|More TV networks follow Netflix to binge-watching model - |
By Lisa Richwine LOS ANGELES (Reuters) - Traditional TV networks are following Netflix Inc's lead by releasing all new episodes of a series at the same time, a step to win over binge viewers who do not want to wait a week for the next installment. The move poses a direct challenge to Netflix and a way for more traditional networks to reach for younger, digital-savvy consumers who insist on watching on their own schedules. "There are moments when it's really hard to make a decision about a pickup," Freeform President Tom Ascheim said, announcing the renewal at a Television Critics Association event.
Fri, 20 Jan 2017 01:22:31 -0500