Westinghouse files for bankruptcy
The global nuclear-power industry is beset with problems
THERE are few more storied innovators than Westinghouse. Founded in 1886, it is the company that brought electricity to the masses. When you plug in your toaster or flip your light switch, you have George Westinghouse’s alternating-current system to thank. In the 21st century the firm seemed poised to unleash a new revolution in nuclear energy. Its AP1000 pressurised water reactor was supposed to make nuclear plants simpler and cheaper to build, helping to jump-start projects in America and around the world.
This article appeared in the Business section of the print edition under the headline “Fallout”
Business April 1st 2017
- Luxury-goods companies are belatedly trying to go digital
- Swiss watchmakers try to keep pace
- The nominee to run America’s drug regulator is a sound choice
- Ameerpet, India’s unofficial IT training hub
- YouTube highlights problems with digital advertising
- Westinghouse files for bankruptcy
- Masayoshi Son goes on a $100bn shopping spree
From the April 1st 2017 edition
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