2/17: Toshiba's big problem was Westinghouse's acquisition; Kraft Heinz after Unilever
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IT Services Giant Accenture Plans U.S. Hiring Spree (Reuters via Fortune)
A majority of its more than 380,000 employees are in India, Reuters reports.
Chaos at Toshiba: $6.3 billion write-down, chairman resigns, bankruptcy looms (Washington Post)
The $6.3 billion hit is related to Westinghouse’s acquisition in December of Stone & Webster, a nuclear construction business, from Chicago Bridge & Iron in December.
The Post reports: "Toshiba, which bought a majority stake in Pennsylvania-based nuclear power company Westinghouse in 2006, earlier said that it had received internal information late last month about irregularities during the acquisition. It had learned that controls at Westinghouse had been “insufficient” and that the company had used “inappropriate pressure” to make the acquisition."
i
Universal Rising: iPhone 8 One of the Ingredients for New $90 Cowen Price Target (Barron's Tech Trader Daily)
Potential Activist Funds Line Up to Take a Salesforce Stake (Bloomberg)
SAP license fees are due even for indirect users, court says (PCWorld)
T-Mo Jumps 4% as Reuters Says SoftBank Looking to Sell Them Sprint (Barron's Tech Trader Daily)
What’s the repair bill for Google Fiber, AT&T damage? (Charlotte
Observer)
