Toshiba to Correct $1.2B in Earnings

Toshiba said it will restate more than $1.2B of earnings after an internal accounting probe revealed the company overstate profits under pressure from management. Bloomberg’s Pavel Alpeyev reports on “First Up.” (Source: Bloomberg)

Alibaba Sales, Profit Top Estimates
29:18 - Alibaba closes at a record high in New York after reporting sales and earnings that topped analysts' estimates. Revenue jumped 56%, with profit nearly doubling in the June quarter. Bloomberg's Selina Wang reports on "Bloomberg Daybreak: Australia." (Source: Bloomberg)
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