Japanese electronics and energy giant Toshiba Corp. says its chairman is resigning to take responsibility for problems that will result in a $6.3-billion loss in its nuclear business.
Toshiba Corp declared a $5.9 billion asset sale and a big investment in its chip business. But the company saw its shares slide on a report that the SEC were probing accounting linked to its Westinghouse nuclear power unit.
After declaring bankruptcy in February 2015, RadioShack is now returning for another legal filed lawsuit against the biggests.
Toshiba Corp's (6502.T) chief executive stepped down on Tuesday after an independent investigation found he had been aware the company had inflated its profits, in the country's biggest corporate scandal in years.
