Toshiba says Westinghouse files for bankruptcy protection
TOKYO (AP) Japan's embattled Toshiba Corp. said Wednesday that its U. S. nuclear unit Westinghouse Electric Co. has filed for bankruptcy protection, marking a key step in its struggles to stop the flow of massive red ink. Toshiba said in a statement that it filed the Chapter 11 petition in the U. S. Bankruptcy Court of New York. The move had been largely expected. Toshiba has said it's expecting a loss of 500 billion yen ($4. 3 billion) for April-December of last year, including a 712. 5 yen...Read More
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