Sunday, July 8, 2007

Toshiba Shares Rise After Talks on Selling Part of Its Westinghouse Stake

(Bloomberg) -- Shares of Toshiba Corp., Japan's
biggest maker of nuclear reactors by capacity, rose after the
company said it is in talks to sell part of its stake in
Westinghouse Electric Co. to a Kazakhstan state-run company.

The stock climbed 3.1 percent to 1,086 yen as of 9:08 a.m.
on the Tokyo Stock Exchange, outperforming the 0.6 percent
advance in the benchmark Nikkei 225 Stock Average. Keisuke Ohmori,
a spokesman for Tokyo-based Toshiba, said on July 7 the company
is in talks with Kazatomprom, a uranium importer and exporter,
about selling part of its Westinghouse stake.


Read more at Bloomberg Energy News

No comments: