Bad news from Toshiba
https://www.washingtonpost.com/worl...a-450am:homepage/story&utm_term=.7c92659deaeb
" Analysts are now speculating about the possibility that Toshiba, which employs almost 200,000 people in Japan and has significant investments in the United States, will have to file for bankruptcy.
“This is one of Japan’s historic corporations and it’s very important to the Japanese economy, so this could be very significant for Japan,” said Tom O’Sullivan, a Tokyo-based energy analyst. “It would even impact Japan’s sovereign credit rating if there’s a knock-on effect.”
The news came a day after government statistics showed that the Japanese economy grew by an anemic 0.2 percent in the three months to December, the third consecutive quarter that growth in the world's third largest economy had slowed.
Toshiba executives were due to deliver the company’s quarterly earnings announcement Tuesday — the deadline for the Tokyo Stock Exchange rule to report earnings within 45 days — but they failed to show up. Instead, the company said that it was “not ready” to make the announcement and asked for another month to file."
https://www.washingtonpost.com/worl...a-450am:homepage/story&utm_term=.7c92659deaeb