Toshiba Cuts Annual Profit Outlook After 75 Percent Plunge in Q2 Earnings

Toshiba on Friday said that it was cutting its annual operating profit outlook after the company reported dismal second-quarter profit. The Japanese firm reported a 75 percent fall in Q2 profit, and said it was impacted by a slew of factors including a slump in the hard disk drive market and an appraisal loss following a fall share prices in the company's printer unit...