Toshiba president steps down amid $20bn buyout bid

Toshiba's chief executive resigned on Wednesday amid controversy over a $20bn (£14.5bn) buyout bid from CVC Capital Partners. A statement from the Japanese conglomerate gave no reason for Nobuaki Kurumatani's resignation. However, he had faced criticism from activist shareholders over the bid from CVC, his former employer. Toshiba's shares surged...