Westinghouse Electric, a unit of Japanese conglomerate Toshiba, filed for bankruptcy on Wednesday.
The board of Japan's Toshiba has approved a Chapter 11 filing for its U.S. nuclear unit Westinghouse.
Westinghouse Electric is taking offers for a financing package to help it go through U.S. bankruptcy.
Westinghouse Electric, the U.S. nuclear power plant developer owned by Toshiba, has brought in bankruptcy attorneys.
Shares in chips-to-construction group Toshiba tumbled 20 percent on Wednesday.
Earnings season is in full swing, but only a few sets of results may be indicative of how the U.S. economy is doing.
Boris Schlossberg of BK Asset Management and Erin Gibbs of S&P Investment Advisory tell us which U.S. companies indicate where the economy is headed.
U.S. stocks closed down in low volume trade on Tuesday, pressured by weakness abroad and a sharp decline in the utilities sector.
Take a look at some of Tuesday's midday movers:
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
Shares of companies in South Carolina, Arizona and Louisiana posted average gains of less than 10% over the past year. USA Today reports.
Hiring for two new SCE&G reactors underscores the need for replacing retiring nuclear workers in next several years.
There are 38 companies in the S&P 500 index that have not moved more than 2 percent positive or negative year-to-date.
*Barclays raises SCANA Corp price target to $49 from $47; rating equal. *Barclays cuts Southern Co price target to $48 from $49; rating equal. Reuters Station users, click. 1568.
Stocks in the S&P 1,500 displaying unusual volume in Wednesday's trading session.
What follows is a look at stocks in the S&P 1,500 displaying unusual volume in Thursday's trading session.
Stocks closed lower, although considerably off the lows of the day, as investors assessed how the massive quake in Japan was likely to affect stocks and the global economy. GE and Verizon fell, while Caterpillar rose.
Stocks pared losses in the final hour of trading Monday as investors remained shaken in the aftermath of Japan's massive earthquake and tsunami. GE and Verizon fell, while Caterpillar rose.
Stocks slumped as investors assessed how the devastating earthquake and tsunami in Japan would affect U.S. companies and the global economy. GE sank, while Pfizer gained.
Here's what analysts and others say they're watching before the bell Wednesday.