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Business

Unhappy 140th birthday for Japanese tech pioneer

Former Toshiba President Hisao Tanaka bows at a July 21 news conference to announce his resignation over a growing accounting scandal.

TOKYO -- Toshiba's debilitating accounting scandal could not have come at a more awkward time for the Japanese industrial conglomerate.

     This year marks the 140th anniversary of Toshiba's foundation. But the time-honored company is in anything but a festive mood now that its social credibility is in tatters.

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