YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Japanese conglomerate Toshiba Corp. announced Monday it's expecting a net loss of nearly $1 billion this fiscal year.
The impact is largely from taxes related to the sale of its prized chip unit to a group led by Bain Capital.
The forecasts do not reflect gains from the $17.6 billion deal since it hasn't received regulatory approval.
Read more from Reuters.
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