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Toshiba Corp. Declares Bankruptcy for Westinghouse


Mars, 29 2017
watermark Economic news

Nuclear energy firm Westinghouse has been declared bankrupt by the board of Toshiba Corp. after the Japan-based firm approved a Chapter 11 bankruptcy filing for Westinghouse after Toshiba had previously cautioned of a prospective writedown worth $6.2 billion on the said firm as reported by Nikkei. Prior to this particular development, Westinghouse had been experiencing project delays both in South Carolina and Georgia and this has inevitably led to the said writedown. Westinghouse technology currently makes up for half of  the world’s atomic units.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.