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Westinghouse Chap 11 a key stage in meltdown of nuclear industry
Crisis-hit Toshiba gives the greenlight to Chapter 11 bankruptcy filing for its struggling US nuclear-power unit
According to Greenpeace Japan, Toshiba is "scrambling to find a buyer to take the Westinghouse anvil from around its neck".
PHOTO: BLOOMBERG
Tokyo
THE board of Japan's electrical giant Toshiba Corporation on Wednesday approved the filing of bankruptcy proceedings for its struggling US nuclear-power subsidiary Westinghouse, marking what some claim is a key stage in the "meltdown" of the global nuclear-power industry.
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