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Toshiba to take $6.3 billion hit on U.S nuclear unit Feb 14, 2017
 
<p><a href="http://news.yahoo.com/toshiba-unveil-nuclear-writedown-scrambles-cash-004741956--sector.html"><img src="http://l1.yimg.com/bt/api/res/1.2/GNudbfAWxDr4kO4wg2jijA--/YXBwaWQ9eW5ld3NfbGVnbztmaT1maWxsO2g9ODY7cT03NTt3PTEzMA--/http://media.zenfs.com/en_us/News/Reuters/2017-02-14T043336Z_1006950002_LYNXMPED1D01N_RTROPTP_2_CBUSINESS-US-TOSHIBA-ACCOUNTING.JPG" width="130" height="86" alt="The logo of Toshiba Corp. is seen at the company's facility in Kawasaki, Japan" align="left" title="The logo of Toshiba Corp. is seen at the company's facility in Kawasaki, Japan" border="0" /></a>Toshiba Corp said on Tuesday it would take a 712.5 billion yen ($6.28 billion) writedown on its U.S. nuclear business, wiping out its shareholder equity and dragging the company to a full-year loss. The company estimated a 390 billion yen ($3.44 billion) net loss for the year ending March 31, compared with a 460 billion yen loss a year earlier, following a 2015 accounting scandal. The results have yet to be approved by the company's auditor and have been released as guidance, Toshiba said.</p><br clear="all"/>
 
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