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Toshiba flags hit of ‘billions of dollars’ on US nuclear acquisition

TOKYO: Toshiba said it may have to book several billion dollars in charges related to a US nuclear power acquisition, a shock warning that sent its stock tumbling 12 percent and rekindled concerns about its accounting acumen. The Japanese group said cost overruns at US power projects handled by a nuclear construction business newly acquired from Chicago Bridge & Iron (CB&I) would be much greater than initially expected, potentially requiring a huge write down. Such a hit would be another slap in the face for a…