Toshiba is falling apart and drastic measures are required to save the company. The corporation's CEO Shigenori Shiga will step down as a chairman after an announcement that the financial results will be published after at least a month, citing auditing problems. Before market closure unaudited numbers were released and sent Toshiba stock 8% down. The company projects JPY712.5 billion ($6.3 billion) loss for its nuclear business after a scandal related to the acquisition of US nuclear unit Westinghouse. The Tokyo-based conglomerate said it's at minus $1.7 billion by the end of 2016....
Source: http://www.gsmarena.com/toshiba_to_sell_computerchip_business_in_order_to_save_itself_from_bankrupcy-news-23408.php
