Toshiba sheds more assets, cuts jobs to regain investor trust

TOKYO (Reuters) - Toshiba Corp announced on Thursday it is shedding assets, cutting jobs and buying back its stock starting this week, sending its shares up 13 percent, as the once-mighty Japanese conglomerate aims to regain investor confidence. The company announced it is liquidating its British nuclear power unit and selling its U.S. liquefied natural gas (LNG) business to China's ENN Group as part of a new five-year business strategy, which also includes 7,000 job cuts, or 5 percent of its..