When Westinghouse Electric filed for Chapter 11 bankruptcy protection on Wednesday morning, few were surprised as the outcome was the only one which allowed the company's troubled, and near-insolvent Japanese parent, Toshiba, to continue operating, even if it meant the bankruptcy of the iconic

Submitted by Michael Shellenberger via EnvironmentProgress.org, Toshiba, the venerable 80 year old Japanese electronics giant, appears to be going bankrupt. Toshiba was supposed to have announced at least $6.3 billion in losses during an earnings call yesterday. Instead, it cancelled the