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Toshiba's Westinghouse Files Chapter 11

Posted by March 29, 2017

Toshiba Corp's nuclear unit Westinghouse Electric Co filed for Chapter 11 bankruptcy protection in the Southern District of New York, a regulatory filing showed on Wednesday.

 

The move comes as the firm faced billions in cost overruns and years-long delays at U.S. power projects.

 

Reporting by Tim Kelly and Makiko Yamazaki

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