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Business

Toshiba chairman to step down

Shigenori Shiga has overall responsibility for troubled nuclear business

| Japan

TOKYO -- Toshiba Chairman Shigenori Shiga is ready to step down to take responsibility for the huge write-downs looming over the Japanese group's U.S. nuclear power business.

Shiga, who took the chairman's post last June, is in charge of the nuclear power division and served for a time as president of Westinghouse Electric, the American subsidiary bracing for losses potentially so big they have forced Toshiba to spin off its lucrative memory business.

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