Wednesday, February 15, 2017

Toshiba shares tumble as bigger stake in chip unit likely up for sale

TOKYO (Reuters) - Shares in Toshiba Corp skidded on Wednesday after the conglomerate said it would book a $6.3 billion hit to its U.S. nuclear unit and may sell a majority stake in its prized flash-memory chip unit as it scrambles for cash to stay in business.

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