Toshiba Being Sued for $399 Million for Accounting Irregularities
Toshiba Corporation of Tokyo, Japan, reports that it’s was being sued by 70 shareholders, foreign institutional investors, and individuals seeking......
Tagged: Financial News
Ricoh Said to be Selling Subsidiaries, Laying-Off Workers in North America
The Nikkei Asian Review reports that Ricoh Company of Tokyo, Japan, is considering selling two subsidiaries, its logistics and semiconductor......
Office Depot to Sell Business in China as it Focuses on North American Operations
On June 2nd, Office Depot, which is headquartered in Boca Raton, Florida, announced that it had reached an agreement to...
Toshiba Determined to Sell Memory-Chip Business Despite Hurdles
On June 2nd, financially troubled Toshiba Corporation of Japan reported that it will narrow-down the list of companies interested in......
Toshiba Not Reporting Audited Full-Year Financial Results at Shareholders’ Meeting
Troubled Toshiba Corporation of Tokyo, Japan, reported on May 31st that it won’t report its audited full-year financial results, as......
HP’s Printer, PC Revenues Both up in ‘Breakthrough’ Second Quarter
HP Inc. today reported results for its second quarter, with both printer and PC revenue up versus the same quarter......
Xerox to Lay-Off Employees in Webster, NY
The Democrat & Chronicle reports that Xerox has told some 177 workers in its Webster, New York, facility that additional......
Toshiba Reports $8.4 Billion Loss for Fiscal Year
Japan Today reports: Toshiba Corp, whose U.S. nuclear unit Westinghouse has filed for bankruptcy protection, is reporting a 950 billion......
Nuance Delivers ‘Strong’ Revenues, EPS, New Bookings, Recurring Revenue for Second Quarter
On May 9th, Nuance Communications reported financial results for its second quarter of its fiscal 2017 year, with its second......
Stranger Things in PA: Xerox Loses Big Contract, but Why? (UPDATED)
In the head-scratching department, this week’s news seemed to come out of the Pennsylvania State House. According to The Sentinel,......
Report: Toshiba Corp May be Considering Bankruptcy
Last month, amid various financial difficulties, Toshiba Corporation warned of its ability to continue as a going concern, and this......
Kodak Reports $7 Million in Net Earnings, ‘Continued Growth in Key Product Areas’
Eastman Kodak – which last month said it’ll be hanging on to its PROSPER commercial inkjet-printer business – reported financial...
Brother Reports Encouraging Results for Fiscal Year
While we’ve had some disappointing financial news out of Japan recently, on May 9th, Brother International of Japan bucked the......
Sales Down for Sharp’s Year, but Improvement in Operating Income, Second Half
Sharp Corporation of Japan announced results for its fiscal year running from April 2, 2016 to March 31, 2017, with......
Bleak Fiscal Year for Ricoh, with Profits, Sales Sliding
Ricoh Company of Tokyo, Japan, reported results for its fiscal year that ran from April 1, 2016 to March 31,......
Slow Fiscal Year for Epson, but ‘Solid Demand’ for High-Capacity Inkjets
Seiko Epson of Japan this week reported results for its full fiscal year that ended on March 31, 2017, with......
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