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Toshiba President Satoshi Tsunakawa

Toshiba reaches crossroads as negative net worth looms

Wounded giant's path forward hinges on chip spinoff

| Japan

TOKYO -- Toshiba's proposal to sell a chunk of its memory chip business to stay afloat is proving contentious, forcing the beleaguered conglomerate to explore various options, including a demotion to the second section of the Tokyo bourse.

Staying the course

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