US nuclear products and services company Westinghouse Electric Co. (WEC) has today officially filed for Chapter 11 Bankruptcy protection.
The company, owned by Japanese industrial giant Toshiba announced the bankruptcy following massive losses incurred in several nuclear projects in the US. Late last year the company had alerted investors to the fact that it had overvalued some of its US assets to the tune of several billion dollars, however the scale of this was…
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