A putative class filed suit Tuesday in California against Panasonic, Toshiba and SanDisk Corp., alleging they overcharged consumers by up to $1 billion through a cartel to control intellectual property rights to secure-digital cards
Toshiba's two nuclear fuel facilities in Japan have been shut down since Friday's earthquake and tsunami, a top company executive told Reuters on Monday.
Toshiba’s stock plunged 16% in reaction to the fact that the company made several of the reactors at the stricken Fukushima nuclear plant in northern Japan. However, Toshiba’s CEO, Norio Sasaki, who is himself a former nuclear engineer, stated that company would not give up on its plans to grow its nuclear plant development.
Due to the recent shutdown of a Toshiba plant in Japan, some analysts predict a shortage of NAND flash memory chips, which are used in many different electronic devices.
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Work to restore power and key cooling functions was disrupted again Wednesday at the crisis-hit Fukushima Daiichi nuclear plant after smoke caused workers to evacuate.
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