Business

Toshiba shareholders vote to oust board chair

Toshiba shareholders voted to oust the board's chairman on Friday, in the latest twist for the company after scandals and losses, and a rare victory for activist investors in corporate Japan.

Machine learning & AI

New algorithm could simplify decisions for ship channel dredging

A new decision-support tool could become a game changer in the dredging of ship channels. Millions of dollars are at stake every time a major ship channel is cleaned up. Delays in dredging can cost even more by triggering ...

Profits dip at India's Infosys

India's second-largest IT outsourcing firm Infosys on Friday reported a 2.2-percent dip in quarterly net profits, hit by slowing demand for its software services in Western markets.

Business

New York couple plead guilty to bitcoin laundering

A married couple from New York dubbed "Bitcoin Bonnie and Crypto Clyde" pleaded guilty on Thursday to laundering billions of dollars in stolen bitcoin, prosecutors announced.

Business

Japan's Toshiba to split into three firms

Storied Japanese conglomerate Toshiba will split into three companies, it said Friday, following a campaign by investors to boost the firm's shares after a period of enormous upheaval.

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