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The situation has led some analysts to warn the company's future is at risk. Karishma Vaswani: Why is corporate Japan in such a mess? Mr Shiga was stepping down "to take management responsibility for the loss", the firm said. Chip deal The losses are linked to a deal done by its US subsidiary, Westinghouse Electric, when it bought a nuclear construction and services business from Chicago Bridge & Iron in 2015. Assets that it took on are likely to be worth less than initially thought and there is also a dispute about payments that are due. It has already announced plans to sell off part of its profitable memory chip business to raise funds. It is the second largest chip maker in the world, behind Samsung. The company is still struggling to recover after it emerged in 2015 that profits had been overstated for seven years, prompting the chief executive to resign. UK plant in limbo Toshiba has a 60% stake in NuGen, a joint venture with France's Engie, which has the contract to build a new nuclear power plant in Cumbria in the UK. It is estimated that the Moorside plant will eventually provide as much as 7% of the UK's energy needs.
3. While the decision came on the heels of the presidents executive order to ban immigrants from predominantly Muslim countries, the company insisted that it had made a business decision. Yet behind the scenes, a company memo expressed support for immigrants and highlighted its diverse employee pool. A source close to Ivanka told Refinery29 of the decision, They couldnt handle the political pressure, someone new came in, and there was a change in the attitude toward the brand. TJ Maxx and Marshalls The parent company of TJ Maxx and Marshalls, TJX Companies, issued an internal memo to employees telling them to toss Ivanka Trump display signs in the trash and mix her remaining merchandise in with other brands, rather than displaying her products on separate racks, according to The New York Times , who received a copy of the memo. Effective immediately, please remove all Ivanka Trump merchandise from features and mix into the runs [regular racks where most clothes are placed], stated the note, which was confirmed by Doreen Thompson, a spokeswoman for the TJX Companies, according to The New York Times. All Ivanka Trump signs should be discarded. HSN and Shop Style On Tuesday,#GrabYourWallet founder Sharon Coulter confirmed to media outlet Mic that Ivanka- and Donald-branded products were completely pulled from HSN and that ShopStyle was in the process of following suit. The two brands had been previously placed on the infamous รองเท้าผู้หญิง #GrabYourWallet boycott list an anti-Trump movement that launched in October after the presidents 2005 Grab her by the p**** comments were publicized. The movement keeps tabs on companies that sell Trump-branded products and encourages people to boycott them, hitting their bottom lines as a political statement. Coulter predicted that by Tuesday, ShopStyle would be removed from the boycott list. Neiman Marcus According to fashion site Racked , the department store Neiman Marcus dropped Ivanka Trumps jewelry line from its website, including baubles from its New Jersey store. The 21 items on sale vanished, along with any mention of Ivanka on Neiman Marcuss list of designers.
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