Toshiba to shed troubled assets, cut 7,000 jobs as part of new 5-year strategy

TOKYO (Reuters) - Toshiba Corp is liquidating its British nuclear power unit and selling its U.S. liquefied natural gas (LNG) business, as the once-mighty industrial conglomerate seeks to unload troubled assets and regain investors' confidence.The plans are part of a new five-year business strategy Toshiba announced on Thursday, which also included 7,000 job cuts, or 5 percent of its workforce, over five years.The company's shares surged as much as 13.7 percent to near two-year highs after the..