Toshiba's US nuclear unit files for bankruptcy protection

Toshiba's US nuclear unit files for bankruptcy protectionToshiba’s loss-hit US nuclear unit Westinghouse Electric Company has filed for bankruptcy protection, the companies said Wednesday, as the troubled division wrestles with huge losses and accounting fraud claims. Westinghouse technology is at the core of about half of the world’s nuclear reactors. “Westinghouse Electric…. and certain of its subsidiaries and affiliates, today filed voluntary petitions under Chapter 11 of the US Bankruptcy Code,” the US firm said in a statement.



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