Toshiba's hardships have not been hidden from the international market as the conglomerate has struggled to keep its head above the water in recent times. However, it now seems that two U.S. companies are teaming up to throw Toshiba a lifeline t..

On Wednesday, Toshiba Corp. named a preferred bidder for its chip business. The members of the Japanese consortium include the Innovation Network Corporation, a state-backed investment fund, as well as the American buyout firm Bain Capital and the D..