Toshiba Drops After New Accounting Problems Delay Results
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Toshiba Corp. fell the most in more than three months in Tokyo trading after the industrial group discovered new accounting irregularities related to a U.S. unit’s construction project.
The problems caused the company to delay the release of its fiscal 2014 earnings until Sept. 7, it said in Tokyo Monday after the market closed. The shares fell 5.3 percent, the most since May 11, to close at 363.5 yen on Tuesday.