Toshiba May Take a Multi-Billion Dollar Hit on Its U.S. Nuclear Acquisition — Fortune

Toshiba Corp tosbf said it may have to book several billion dollars in charges related to a U.S. nuclear power plant construction company acquisition, sending its stock tumbling 12% and rekindling concerns about its accounting acumen. The Japanese group said cost overruns at U.S. power projects handled by the CB&I Stone & Webster Inc business…

via Toshiba May Take a Multi-Billion Dollar Hit on Its U.S. Nuclear Acquisition — Fortune

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