Thursday, 30 March 2017

Huge nuclear cost overruns push Toshiba's Westinghouse into bankruptcy

Huge nuclear cost overruns push Toshiba's Westinghouse into bankruptcy

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. Southeast.

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