Joining us at the business desk. Filed for chapter 11 bankruptcy, cutting losses from u. S. Unit as it tries to rebuild its finances. The Company President says the bankruptcy filing is the first step in restoring its health. Toshiba says it can post a net loss of 9 billion fiscal year. That would be the biggest ever for japanese manufacturer. We believe the removal of westinghouse from toshibas consolidated earnings is in line with the companys policy of avoiding risk from the Nuclear Business abroad westinghouse has faced ballooning costs to meet upgraded Safety Standards at four reactors its building in the u. S. The subsidiary received orders for the reactors in 2008. Earlier toshiba projected losses from westinghouse to reach at least 6 billion for the current fiscal year. Toshiba executives say they will remove westinghouse from their consolidated Financial Statements and they intend to withdraw from the u. S. Nuclear business entirely. Joining us in the studio, we just heard off
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