Toshiba board agrees to sell memory business to Bain-led group

Wednesday, the board of reeling technology giant Toshiba announced that it has approved the $18 billion sale of the company’s flash memory operation, Toshiba Memory Corporation (TMC), to a group of buyers that includes American venture capital firm Bain Capital, and a pair of government-owned Japanese organizations, the Innovation Network Corporation of Japan, the New […]
  • 10 Months ago

Banking on E.U. Commission Aid

The European Union Commission approved plans to support the struggles of two Italian banks through financial aid in order to maintain confidence in Italy’s banking system. The plans provide 4.8 billion euros in cash and 12 billion euros in guarantees to protect those that utilize the service provided by Banca Popolare di Vicenza and Veneto […]
  • 1 year ago