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Group companies pulling money out of Toshiba

Parent's financial woes leaving shareholders on edge

| Japan

TOKYO -- Major Toshiba group companies are parking significantly less money with the troubled conglomerate, seeking to minimize potential risks and appease wary shareholders.

Like many other big Japanese businesses, Toshiba manages money deposited by subsidiaries and affiliates. Such arrangements allow for more efficient use of cash within the group while giving the parent a less-costly source of money than bank loans.

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