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Toshiba

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Toshiba Talks Highlight Nuclear Power Slow Down

By , Money Morning -

Toshiba CEO Norio Sasaki told Dow Jones in an interview today (Thursday) the company is negotiating with three potential buyers, including Chicago Bridge & Iron Company NV (NYSE: CBI), to purchase a 16% stake in the Westinghouse Electric nuclear power unit.

Toshiba said earlier this year it would consider offers as long as it retained majority control over Westinghouse.

Toshiba paid $4.16 billion in 2006 for a 77% stake in Westinghouse. In 2007, Toshiba sold a 10% stake in Westinghouse to Kazatomprom of Kazakhstan, leaving the company with 67% of Westinghouse.

But Toshiba's stake will jump to 87% in January when a sale from The Shaw Group Inc. (NYSE: SHAW) becomes final. Shaw in September 2011 exercised an option to sell its stock after it agreed to be taken over by rival Chicago Bridge & Iron.

An 87% stake would give Toshiba too much exposure to a nuclear industry rattled by the March 2011 accident at Japan's Fukushima nuclear power plant.



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FREE REPORT: The "Mini Energy" Revolution

By , Global Energy Strategist, Oil & Energy Investor • @KentMoors_OEI -

How to Profit from the Rapidly Emerging Market for Nuclear Batteries Mini nuclear reactors have been in service for decades in the military, especially on naval vessels. And now their commercial application is officially here. Several smart companies are introducing these "nuclear batteries" to the energy market. They're designed to deliver power to smaller communities […]

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Hot Stocks: The iPad Proves It's Not What Apple Sells, It's How Apple Sells It

By , Associate Editor, Money Morning -

Apple Inc.'s (Nasdaq: AAPL) iPad has lived up to the hype, garnering rave reviews and meeting sales expectations. That success is particularly impressive because previous attempts by other companies to launch similar products were met with abject failure.

Because they make up less than 1% of the personal-computer market, few observers realize that so-called tablets have been around for about twenty years now.

The first models offered detachable keyboards, pen-based applications, and were priced in the thousands. A few contributed to companies declaring bankruptcy shortly after their debuts. Most were as pricey as a laptop but without nearly as much memory or competitive features - "underpowered and overpriced" were the usual complaints.

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