JAPAN’S Toshiba has sold its medical devices unit to camera and office equipment maker Canon, for almost $6bn.Toshiba is shedding businesses to recover from a major accounting scandal.The deal on Tuesday came as Toshiba’s share price plunged nearly 8% after a report that it was under investigation by US authorities over allegations that it hid losses in its nuclear business.Toshiba is expecting a whopping loss of about $6bn for the year to March due to sagging global demand and a profit-padding scandal, in which high-handed bosses for years systematically pushed their subordinates to cover-up weak financial figures.In the wake of the scandal, Toshiba — a vast conglomerate that makes everything from rice cookers to nuclear plants — has ushered in thousands of job cuts, and plans to sell various business units in a bid to revive its fortunes.In terms of the deal, Toshiba sold all its shares in Toshiba Medical Systems, a major producer of medical imaging tools such as MRI and CT scanne...
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