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Toshiba Corp. ADR (TOSYY)

- OTCPK - Current
  • Fri, Mar. 13, 3:21 AM
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  • Thu, Mar. 12, 8:56 PM
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  • Dec. 26, 2014, 6:37 AM
    • Chief Executive Hisao Tanaka has announced that Toshiba (OTCPK:TOSBF) will decide during the next business year from April on where to build an additional memory chip plant and will consider overseas locations for the facility.
    • The move comes less than four months after opening a NAND flash memory chip fabrication plant in Yokkaichi, Japan.
    • Demand is currently outstripping capacity at the new plant, and Toshiba is now looking to expand production (likely to begin in 2017).
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  • Sep. 18, 2014, 4:48 AM
    • Toshiba (OTCPK:TOSBF) is moving forward with the restructuring of its PC business, cutting 900 jobs and exiting its business-to-consumer operations in some regions.
    • The Japanese conglomerate expects the restructuring to slash operating profit by ¥45B ($414M), but did not change its earnings forecast for the current year to March, as better-than-expected earnings in electricity and other operations offset the impact.
    • Toshiba will also cut fixed costs by more than ¥20B vs. the previous fiscal year and reduce the number of sales bases around the world to 13 from 32.
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  • May 20, 2014, 7:35 AM
    • The U.S. has charged five Chinese military officers for hacking into American nuclear, metal and solar companies to steal trade secrets.
    • Companies that the suspects targeted include Alcoa (AA), Allegheny Technologies (ATI), United States Steel (X), Toshiba (TOSBF) unit Westinghouse Electric, the U.S. operations of SolarWorld (SRWRD), and a steel workers' union.
    • Officials said the firms suffered "significant" losses, although they declined to provide details.
    • Alcoa said that to its knowledge, "no material information was compromised."
    • The U.S. probably won't be able to prosecute the officers, as China is unlikely to hand them over.
    • The charges come amid long-running tension between the U.S. and China over cyber-espionage. Documents leaked by Edward Snowden show that the U.S. has tampered with Cisco-made equipment that was for sales overseas.
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  • Jan. 8, 2014, 9:44 AM
    • Skullcandy (SKUL +0.7%) enters a strategic partnership with Toshiba (TOSBF -1.2%) in which the latter will license the former's trademark for marketing and distribution of laptops worldwide excl. China.
    • the audio products maker will provide its Supreme Sound tech to enhance Toshiba products.
    • Skullcandy also unveiled women's line of headphones and previewed its sports performance offering at CES.
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  • Apr. 3, 2013, 8:55 PM
    Japanese stocks fall in early trading, weighed by gains for the yen overnight ahead of a key central-bank decision. The Nikkei Average dropped 1.9% to 12,126, with exporters leading declines: Honda (HMC -2%), Nissan (NSANY.PK -2.6%), Fuji Heavy Industries (FUJHY.PK -3.5%), Sumitomo Chemical (SOMMY.PK -3.7%), and Toshiba (TOSYY.PK -2.6%).
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  • Mar. 7, 2013, 8:02 PM
    Japanese stocks move higher yet again today as the yen eased back down to 2009 levels and pushed the Nikkei Average up 1.1% to 12,100. Exporters lead the gains: Olympus Corp. JP:7733 +1.00% (OCPNY.PK +3.4%), Toshiba (TOSYY.PK +2.3%), Nintendo (NTDOY.PK +4.7%, Advantest (ATE +3.3%), and Mazda (MZDAY.PK +4.4%).
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  • Mar. 5, 2013, 7:54 PM
    Japanese stocks move higher today, tracking gains on Wall Street overnight. The Nikkei Average rose 1.3% to 11,832, with exporters leading the advance: Toshiba (TOSYY.PK +2.1%), Pioneer (PNCOY.PK +4.2%), and Toyota (TM +2.1%).
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  • Feb. 27, 2013, 8:40 PM
    Japanese stocks move higher in early trading, boosted by a Wall Street rally overnight. The Nikkei Average rose 1.5% to 11,419, with exporters and financials among the leaders: Toshiba (TOSYY.PK +2.7%), Canon (CAJ +2.2%), Advantest (ATE +3.1%), Toyota (TM +1.6%), Komatsu (KMTUY.PK +4.3%, and Fuji Heavy Industries (FUJHY.PK +2.8%).
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  • Jan. 7, 2013, 5:21 AM
    As planned, Toshiba (TOSYY.PK) has bought Shaw's (SHAW) 20% stake in Westinghouse Electric for Y125B ($1.4B), taking the Japanese company's holding in the U.S. nuclear-power unit to 87%. Toshiba said in December that it's negotiating with three potential investors to sell up to 16% of Westinghouse.
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  • Jan. 3, 2013, 8:05 PM
    Japanese stocks move higher, as investors returned from a weeklong holiday to find the yen sharply weaker than when they left. The Nikkei Average jumped 2.8% to 10,686, with big export names posting heavy gains: Toshiba (TOSYY.PK +4.5%), Nikon NINOY.PK]] +5.3%), Hitachi (HTHIY.PK +3.8%), Bridgestone BRDCY.PK +7.1%), Toyota Motor (TM +4.5%), and Honda (HMC +4.9%). Financials also move up: Nomura Holdings (NMR +4.2%), Mitsubishi UFJ Financial Group (MTU +3.3%), Daiwa Securities Group (DSEEY.PK +3.6%.
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  • Oct. 10, 2012, 3:25 AM
    Toshiba agrees to acquire Shaw's (SHAW) 20% stake in nuclear power-plant company Westinghouse Electric for Y125B ($1.6B), thereby lifting the Japanese conglomerate's holding to 87%. Toshiba has also received interest from new potential partners about buying a stake in Westinghouse, although Toshiba wants to maintain a majority holding. (PR)
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  • Oct. 1, 2012, 8:28 PM
    Japanese shares are higher in early trading, tracking gains in the U.S. overnight on the back a surprise jump in manufacturing activity. The Nikkei is up 0.3% to 8,825.17, with major exporters leading early: Sony (SNE +1.20%, Toshiba (TOSYY.PK+1.20%), and Mazda (MZDAY.PK +1.1%).
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  • Sep. 3, 2012, 8:00 AM
    An international research team that includes Nokia (NOK), Toshiba and university scientists are set to introduce a breakthrough quantum chip at the British Science Festival, which starts tomorrow. The chip will facilitate mobile phones that are far more secure and ultra-fast computers. The component is made from silicon and works on light: in theory, 100 photons could solve trillions of equations simultaneously.
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  • Aug. 13, 2012, 8:02 PM
    Toshiba (TOSYY.PK) is planning to sell a 16% stake in U.S. nuclear power-plant company Westinghouse Electric as it looks to prioritize its nuclear business in emerging markets. In October 2006, Toshiba paid about $4.2B for 77% of the company, and is looking to sell a piece to nuclear technology companies that have strong ties to emerging markets. A U.S.-based firm is reportedly among the preferred buyers.
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Company Description
Sector: Technology
Country: Japan