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Japan’s Toshiba, facing large cost overruns on flagship projects and continuing fallout from a financial scandal, delayed publication of its financial results for a second time on 14 March and said it would consider selling its controlling stake in  it’s Westinghouse US subsidiary. Toshiba also suggested  that Westinghouse could file for Chapter 11 bankruptcy protection. Acknowledging its worst ever financial crisis, Toshiba announced a three-year growth plan including  proposals to improve its management.

Date: Wednesday, 15 March 2017
Original article: neimagazine.com/news/newstoshiba-considers-sale-of-westinghouse-5763859

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