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July 17, 2015 TECH (MSM)

Accounting probe may pressure Toshiba to write down Westinghouse

By Ritsuko Ando and Reiji Murai TOKYO (Reuters) – Toshiba Corp is set to overhaul its management after an investigation into its accounting practices concludes early next week, but a more thorough housecleaning, including a writedown on its Westinghouse nuclear business, may be needed to regain confidence amid Japan’s biggest corporate scandal in five years. Toshiba said an independent committee it commissioned to look into accounting irregularities – which a

July 17, 2015 TECH (MSM)

T-Mobile to pay $17.5 million to settle U.S. 911 outage investigation

By Alina Selyukh WASHINGTON (Reuters) – T-Mobile US Inc will pay $17.5 million to settle a U.S. investigation of two 911 service outages last year, marking the largest such fine by the Federal Communications Commission. The FCC on Friday said it found that better safeguards in T-Mobile’s 911 network architecture would have prevented the outages, which together lasted for about three hours on Aug. 8 and affected almost all of

July 17, 2015 TECH (MSM)

Samsung scrapes to victory in proxy battle over $8 billion merger

By Joyce Lee and Sohee Kim SEOUL (Reuters) – Samsung Group’s founding family on Friday scored a narrow win in a landmark proxy battle, fending off an activist investor opposed to an $8 billion deal that cements its grip as a new generation prepares to take the reins of South Korea’s biggest conglomerate. At an often-heated shareholder meeting, investors in builder Samsung C&T Corp approved an all-share takeover offer from