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Business Events Bankruptcy

  • A man walks by a Sears store.

    Sears Holding, the retailer, looks to be rapidly hurtling toward bankruptcy under the stewardship of hedge-fund boss Eddie Lampert, reports Breakingviews.

  • SHANGHAI, March 30- China's State Power Investment Corp said Westinghouse's bankruptcy filing would not have a "substantial impact" on the country's nuclear plans and the two sides would ensure a key AP1000 reactor project would be completed on schedule this year. The project is the world's first Westinghouse-designed AP1000 reactor project, being built at...

  • NEW YORK, March 29- Westinghouse Electric Co's financial distress sparked a feeding frenzy among Wall Street lenders keen to give the nuclear developer a lifeline while it reorganizes in bankruptcy, according to court papers and people familiar with the matter. Westinghouse, the nuclear arm of Japanese conglomerate Toshiba, filed for Chapter 11 bankruptcy...

  • *Westinghouse secures $800 mln in debtor-in-possession financing. WILMINGTON, DEL./ TOKYO, March 29- Westinghouse Electric Co, a unit of Japanese conglomerate Toshiba Corp, filed for bankruptcy on Wednesday, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. The four reactors are part of two projects known as V.C....

  • Westinghouse Electric Co., the U.S. nuclear unit of Japan's Toshiba Corp., filed for bankruptcy protection Wednesday, calling into question the future of a number of billion-dollar nuclear projects under construction, including two in the U.S. But some older nuclear plants are being shuttered and the four nuclear reactors Westinghouse is helping to build in...

  • *Westinghouse secures $800 mln in debtor-in-possession financing. WILMINGTON, DEL./ TOKYO, March 29- Westinghouse Electric Co, a unit of Japanese conglomerate Toshiba Corp, filed for bankruptcy on Wednesday, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Westinghouse and affiliates intend to use bankruptcy...

  • *Westinghouse secures $800 mln in debtor-in-possession financing. TOKYO, March 29- Toshiba Corp's U.S. nuclear unit Westinghouse filed for Chapter 11 protection from creditors on Wednesday, just three months after huge cost overruns were flagged, as the Japanese parent seeks to limit losses that threaten its future. Toshiba said Westinghouse-related...

  • *Westinghouse secures $800 mln in debtor-in-possession financing. TOKYO, March 29- Toshiba Corp's U.S. nuclear unit Westinghouse filed for Chapter 11 protection from creditors on Wednesday, as its Japanese parent seeks to limit losses that threaten its future. Toshiba said Westinghouse-related liabilities totalled $9.8 billion as of December, more than an...

  • *Westinghouse secures $800 mln in debtor-in-possession financing. TOKYO, March 29- Toshiba Corp's troubled U.S. nuclear unit Westinghouse filed for Chapter 11 protection from creditors on Wednesday, as its Japanese parent seeks to limit losses that have plunged it into crisis. A bankruptcy filing will allow Pittsburgh- based Westinghouse, whose nuclear...

  • TOKYO— Japan's embattled Toshiba Corp. said Wednesday that its U.S. nuclear unit Westinghouse Electric Co. has filed for bankruptcy protection, marking a key step in its struggles to stop the flow of massive red ink. Toshiba said in a statement that it filed the Chapter 11 petition in the U.S. Bankruptcy Court of New York. After the March 2011 nuclear disaster in...

  • TOKYO— Japan's Toshiba says Westinghouse has filed for bankruptcy protection in the US.

  • TOKYO, March 29- Toshiba Corp's U.S. nuclear unit Westinghouse Electric Co has filed for Chapter 11 bankruptcy protection, the Nikkei reported in a news alert on Wednesday.

  • TOKYO, March 29- Toshiba Corp's troubled U.S. nuclear unit Westinghouse intends to file for Chapter 11 protection from creditors, Japan's government said on Wednesday, as the conglomerate seeks to limit losses that have plunged it into crisis. Yoshihide Suga, the government's chief spokesman, told a regular news briefing he was aware that Pittsburgh- based...

  • TOKYO, March 29- Toshiba Corp's board has approved a Chapter 11 filing for its U.S. nuclear unit Westinghouse, the Nikkei business daily reported on Wednesday- a move that would limit losses that have plunged the Japanese group into crisis. The future of Westinghouse has already been raised in bilateral talks between Japan and the United States with Japan...

  • TOKYO, March 29- The board of Japan's Toshiba Corp has approved a Chapter 11 filing for its U.S. nuclear unit Westinghouse, the Nikkei business daily reported on Wednesday.

  • TOKYO, March 29- U.S. nuclear developer Westinghouse Electric Co plans to seek bankruptcy protection from creditors on Tuesday as it struggles to limit losses that have thrown its Japanese parent Toshiba Corp into crisis, people familiar with Toshiba's thinking said. Pittsburgh- based Westinghouse, crippled by cost overruns at two U.S. power plant projects in...

  • TOKYO, March 29- U.S. nuclear developer Westinghouse Electric Co plans to seek bankruptcy protection from creditors on Tuesday as it struggles to limit losses that have thrown its Japanese parent Toshiba Corp into crisis, people familiar with Toshiba's thinking said. Pittsburgh- based Westinghouse, crippled by cost overruns at two U.S. power plant projects in...

  • March 28- International offshore driller Ocean RIG UDW Inc filed for Chapter 15 bankruptcy protection in a U.S. court late Monday, hit by cancellations as major oil producing customers withdrew from deep water projects amid falling oil prices. The Cayman Islands holding company, which spent heavily on new drill ships earlier in the decade, said lower oil prices...

  • Atomic plant Vogtle, is a 2-unit nuclear power plant located in Burke County, near Waynesboro, Georgia in USA. Each unit has a Westinghouse pressurized water reactor (PWR), with a General Electric turbine and electric generator, producing approximately 2,400 MW of electricity.

    U.S. nuclear developer Westinghouse Electric, a Toshiba subsidiary, plans to seek bankruptcy protection as it struggles with cost overruns.

  • TOKYO, March 29- U.S. nuclear developer Westinghouse Electric Co plans to seek bankruptcy protection from creditors on Tuesday as it struggles with losses that have thrown its Japanese parent Toshiba Corp into crisis, people familiar with Toshiba's thinking said. Pittsburgh- based Westinghouse, crippled by cost overruns at two U.S. projects in Georgia and...