About Thomas Olson

Thomas Olson 412-320-7854
Business Writer
Pittsburgh Tribune-Review

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Friday - May 17, 2013

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Wednesday - May 15, 2013

Toshiba Corp., the Japanese conglomerate that controls Westinghouse Electric Co., is in talks with three parties to sell up to 16 percent of the nuclear power company. Such a deal would raise about $875 million for Toshiba, which in 2006 bought a 77 percent stake in the Cranberry-based company but lately has seen revenue from other Toshiba businesses fade.

President Norio Sasaki said Toshiba prefers to sell to a partner that would help Westinghouse sell deeper into key markets, such as China and India, according to the Wall Street Journal. Westinghouse employs about 6,000 in this area. Toshiba's stake in Westinghouse will rise to 87 percent on Jan. 4 when Shaw Group sells its 20 percent interest in the company to Toshiba.

1. Automated teller machine fees up 20 percent in 5 years
2. Americans fail to find jobs as firms hire foreigners
3. As yen falls, so does cost of products from Japan
4. PPG Corning bankruptcy plan receives preliminary approval
5. Idaho spud giant bets on biotech potatoes
6. Web giants likely to battle for music fans’ attention
7. Federal regulators say Consol can reopen fire-stricken mine
8. Pittsburgh lawmaker pitches bill to raise state’s film tax credit cap to $100M
9. Graduates hope for pomp and jobs
10. Pa. jobless rate declines as fewer look for work
11. Year after IPO, Facebook aims to be ad colossus

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