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<keyword id="6358309" type="CITY" weightage="100" keywordseo="Toshiba">Toshiba</keyword> Corp, which is undergoing a $1.3 billion accounting scandal, plans to ask for a new 300 billion yen (accounting to $2.49 billion) credit line by the end of January. This money would be used to fund a large-scale restructuring of the Japanese multinational conglomerate. 
 
Toshiba would be approaching its lenders for the new commitment line, as stated by a company spokesman. Earlier reports from The Nikkei financial daily, Toshiba would also seek help from Mizuho Bank and Sumitomo Mitsui Banking Corp. 
 
In September, Toshiba secured a 400 billion yen commitment line. This has given the company a wider safety net, helping it to recover from the accounting scandal in which it overstated profits from around 2009. 
 
The Tokyo Stock Exchange has placed Toshiba stocks in a special "watch" category, to be able to see if it can improve internal controls. Also, Moody's recently downgraded the company's debt rating to junk status. Both these moves are expected to toughen the funding process through debt or new shares. 
 
<a href="http://www.windows10update.com/wp-content/uploads/2015/12/toshiba_logo_shade.jpg">Image source</a>

Toshiba to get restructured with new $2.5 billion credit line

<a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell&amp;hash=8122c716833601fc1471f79af063b104?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingesttm_medium=ingest" target="_blank" rel="noopener">Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning.</a>For the latest news out of D.C., <a href="https://newsletter.businessinsider.com/join/10-things-in-politics?utm_source=markets&amp;utm_medium=ingestgest" target="_blank" rel="noopener">sign up here for 10 Things in Politics.</a>Here's what you need to know before <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> open.1. US stocks are set to slip after touching record highs. <a href="https://markets.businessinsider.com/currencies/news/stock-markets-today-us-futures-stimulus-dollar-bitcoin-price-2021-2-1030076979">See what markets are doing today</a>.2. The UK economy shrank by a record 9.9% in 2020. This was the <a href="https://markets.businessinsider.com/news/stocks/uk-q4-gdp-economy-worst-in-g7-coronavirus-vaccines-2021-2-1030076660">worst contraction since records began</a> and likely its sharpest slump overall in 300 years.3. Sorry, but $1,000 Gamestop call options or 7-cent Dogecoin won't get you out of the basement. Learning <a href="https://www.wallstreetoasis.com/wso-elite-modeling-package-overview?utm_source=businessinsider&amp;utm_medium=email&amp;utm_campaign=courses=courses" target="_blank" rel="noopener">these six financial modeling skills (in under two days) actually might</a>...4. PayPal is unlikely to invest cash in cryptocurrencies. But it believes the transition to digital currencies is inevitable and sees <a href="https://markets.businessinsider.com/currencies/news/paypal-bitcoin-unlikely-cryptocurrency-investments-digital-wallets-cfo-2021-2-1030076942">massive potential in digital wallets</a>.5. Dogecoin's creator sold all his coins 6 years ago after getting laid off. Billy Markus said he's <a href="https://markets.businessinsider.com/currencies/news/dogecoin-creator-sold-coins-years-ago-laid-off-cryptocurrency-mania-2021-2-1030077260">no longer part of the Dogecoin project</a> and doesn't own any of it.6. <a href="https://markets.businessinsider.com/earnings-calendar">Earnings expected</a>. Moody's, ING Group, Fortis, Toshiba, and Rakuten are highlights. 7. <a href="https://markets.businessinsider.com/economic-calendar">On the data docket</a>. New York Fed President John Williams' speech and the Baker Hughes US oil rig count are due.8. I was addicted to Robinhood and Wall Street Bets. I spiraled out of control, wiped out my $70,000 savings, and contemplated suicide. <a href="https://www.businessinsider.com/addicted-to-robinhood-wallstreetbets-day-trading-lost-everything-2021-2?r=opening-bell" target="_blank" rel="noopener">Here's my message to Robinhood and new investors</a>.9. Federal cannabis legalization is gaining steam. An analyst for the world's top-performing ETF shares <a href="https://www.businessinsider.com/cannabis-stocks-to-buy-market-leaders-years-ahead-potx-etf-2021-2?r=opening-bell" target="_blank" rel="noopener">3 stocks that are poised to be market leaders in the industry</a>.10. Barclays is scouring the investing landscape for companies that will dominate the economic recovery. The firm says to <a href="https://www.businessinsider.com/stocks-to-buy-beaten-down-stock-picks-capitalize-reopening-barclays-2021-2?=opening-bell" target="_blank" rel="noopener">buy these 33 beaten-down stocks that are perfectly poised to capitalize</a>.

10 things you need to know before the opening bell

<div class="KonaFilter image-container display-table"><div><div class="image on-image">AmazonAmazon CEO Jeff Bezos and Best Buy CEO Jeff Bezos.</div></div></div><ul><li><a href="http://www.businessinsider.com/category/amazon">Amazon</a> and <a href="http://www.businessinsider.com/category/best-buy">Best Buy</a> have announced a new level of partnership.</li><li><a href="http://markets.businessinsider.com/stocks/bby-stock">Best Buy</a> will exclusively sell Amazon Fire TV Edition smart TVs both in stores and online, as well as become a direct seller on Amazon.com.</li><li>It highlights how closely the retailers work together.</li></ul><a href="http://markets.businessinsider.com/stocks/amzn-stock">Amazon</a> and Best Buy have deepened their <keyword id="6354851" type="UNKNOWN" weightage="100" keywordseo="retail">retail</keyword> partnership.The two retailers, which are usually considered rivals in the electronics space, <a href="https://www.businesswire.com/news/home/20180418005572/en/">will collaborate</a> to sell Amazon Fire-enabled TVs. The TVs will be equipped with Amazon's software and will be available in Best Buy stores and online, including on Amazon.com where Best Buy will be a third-party seller. The TVs will be the only thing Best Buy lists on Amazon."Amazon and Best Buy have a long history of working together, and today we take our partnership to a new level," Jeff Bezos, Amazon's founder and CEO, said in a prepared statement.There will be 10 TV models in all, which will be manufactured by Toshiba and Best Buy's own brand Insignia. They will be branded as "Amazon Fire TV Edition" and have all functionality of the Amazon Fire TV software, including integration with Amazon Alexa. The first models will appear over the summer and be introduced gradually over the new few years.This isn't the first time the two retailers have worked together. Best Buy already stocks and sells a range of Amazon Echo, Fire, and Kindle products, and it showcases them prominently in stores and in marketing material."What's new in this partnership is the depths of the physical integration between the software and the hardware," Best Buy CEO Hubert Joly <a href="https://www.wsj.com/articles/retail-rivals-amazon-and-best-buy-team-up-to-sell-smart-tvs-1524045603">told the Wall Street Journal</a>. "The two companies are retailers but they're also product companies."Best Buy and Amazon, of course, still compete on many fronts, like selling electronic accessories and video games.In an <a href="http://www.businessinsider.com/best-buy-ceo-hubert-joly-interview-2018-3">interview with Business Insider in March</a>, Joly said that Amazon is among the company's major competitors that he sees as raising the bar for retail. Best Buy is quickly changing to meet customer demand in the smart home space."I love it that the bar is being raised, because I have so much confidence in our company, that we can be among those who raise the bar, and are not afraid of being bold and playing to win," Joly said.Moody's retail analyst Charlie O'Shea called the new collaboration "mutually beneficial.""In this iteration, Best Buy gets new devices that will drive foot traffic into its stores, and Amazon gets a brick-and-mortar showroom for more of its proprietary products," O'Shea said. "In sum, a win-win."<a href="http://www.businessinsider.com/intelligence/next-frontier-in-customer-relations?IR=T&amp;utm_source=businessinsider&amp;utm_medium=ctgr&amp;utm_term=ctgr_leadgen&amp;utm_content=mobile_ctgr_leadgen&amp;utm_campaign=mobile_ctgr_leadgen_messaging-apps-crm"></a> <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/cook-out-food-review-restaurant-fast-food-2018-3">Inside Cook Out, the South's most underrated restaurant</a></h3> <div> </div> </div>

Amazon and Best Buy are partnering to sell TVs - and it shows how complicated their relationship has become

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image">Reuters/Alessandro BianchiPope Francis receives a parrot from a performer of the Golden Circus during his Wednesday general audience in Paul VI Hall at the Vatican.</div></div></div>Here is what you need to know. <a href="http://www.businessinsider.com/closing-bell-december-28-2016-2016-12">Dow 20,000 remains elusive</a>. The Dow Jones Industrial Average fell 0.56% on Wednesday to finish at 19,833.68. It's on track to open little changed during what is likely to be a thin holiday trade. US Treasurys are rallying. A modest bid has pushed US Treasury yields down as much as 4 basis points in the belly of the curve, and has the 10-year yield at 2.48%. The US dollar is at a 2-week low. Early selling has the US dollar index down 0.6% at 102.72. The greenback's 0.7% drop against the Japanese yen is the largest versus its peers. <a href="http://macaudailytimes.com.mo/tourist-flow-declines-november.html">Macau tourism may be bottoming out</a>. Visitor arrivals in Macau totaled 2,588,645, little changed from a year ago, the Macau Daily Times reports, citing data from the Statistics and Census Service. <a href="http://www.businessinsider.com/r-madrid-to-cut-traffic-volumes-in-half-as-pollution-rises-2016-12?IR=T">Madrid is going carless for a day</a>. The Spanish capital is banning all private vehicles from the roads on Thursday in an effort to curb rising air pollution, Reuters reports. <a href="http://www.businessinsider.com/r-toshiba-tumbles-for-third-day-as-second-downgrade-fans-writedown-fears-2016-12?r=UK&amp;IR=T">Toshiba crashes for a third day</a>. Shares of the chips-to-construction group tumbled more than 17% on Thursday after Moody's downgraded it deeper into "junk" territory. Toshiba has lost about 42% of its value in the three days of trading since it was revealed it may have to takea larger than expected writedown on its acquisition of Chicago Bridge &amp; Iron. <a href="http://www.businessinsider.com/kate-spade-report-its-considering-selling-itself-2016-12">Kate Spade is reportedly trying to sell itself</a>. The retailer is working with investment banks on a possible sale, the Wall Street journal reports. Just six weeks ago, New York-based hedge fund Caerus Investors asked the board to consider a sale.<a href="http://www.businessinsider.com/accuens-drew-huening-facebook-ads-viewability-for-less-than-1-second-2016-12?r=UK&amp;IR=T">Facebook ads are "far less viewable" than some advertisers were expecting</a>. Advertisers are starting to pay a lot more attention to the accuracy of Facebook's numbers, and those numbers may not be as good as advertisers were expecting.<a href="http://www.businessinsider.com/r-alibaba-entertainment-affiliate-to-invest-over-72-billion-over-next-three-years-2016-12?IR=T">Alibaba is investing in digital content</a>. Alibaba Digital Media and Entertainment Group, the entertainment arm of Alibaba, will invest more than 50 billion yuan ($7.2 billion) over the next three years, Yu Yongfu, the group's CEO said.US economic data remains light. Initial jobless claims will be released at 8:30 a.m. ET and crude oil inventories will cross the wires at 11 a.m. ET.

<div class="KonaFilter image-container display-table float_right"><div><div class="image"><a href="http://pictures.reuters.com/Package/2C0BF1ORA58E3#/SearchResult&amp;ALID=2C0BF1ORA58E3&amp;VBID=2C0BX4D0X9ET&amp;POPUPPN=16&amp;POPUPIID=2C0BF1ORG6XOE">Reuters/</a>Israeli-Arab Issa Kassissieh during an annual Christmas-tree distribution by the Jerusalem municipality on the Mount of Olives in Jerusalem.</div></div></div>Before markets open on Tuesday here's what you need to know.<a href="http://www.businessinsider.com/spacex-landed-its-rocket-for-the-first-time-2015-12">Elon Musk's SpaceX did something that had never been done before</a>. The space-exploration company made history by sending an orbital rocket into space and landing it back on the ground. The milestone is significant as it could eventually lead to spaceflight that uses reusable rockets. Elon Musk tweeted, "There and back again," and attached a picture of the flight path once the mission was complete.<a href="http://www.businessinsider.com/r-carl-icahn-raises-offer-for-pep-boys-tops-bridgestones-offer-2015-12">Pep Boys likes Carl Icahn's offer</a>. Activist investor Carl Icahn has raised his offer for the US auto-parts retailer to $16.50 per share. Pep Boys' board of directors has come out in support of the Icahn offer, saying it preferred his offer to the $15.50-per-share offer from Bridgestone, which initially offered $15 a share but raised its bid to $15.50 to match Icahn.<a href="http://www.businessinsider.com/netapp-buys-solidfire-2015-12">NetApp is buying a storage company</a>. The tech-storage giant NetApp has agreed to buy the solid-state-storage startup SolidFire for $870 million in cash. The acquisition will help NetApp reach enterprises that want to build their storage systems in a quieter, faster, and more efficient way. "SolidFire will materially improve the growth rate of NetApp over time," NetApp CEO George Kurian said. "It will take time and investment to achieve that. And at that point it will also improve earnings. In the near term it will be dilutive to earnings because we need to invest to make it succeed."<a href="http://www.businessinsider.com/samarco-dam-disaster-bhp-billiton-ordered-to-set-aside-cash-by-brazilian-court-2015-12?r=UK&amp;IR=T">Brazil is going after BHP Billiton and Vale</a>. A Brazilian court has ordered the miners BHP Billiton and Vale to set aside $491 million after a collapsed dam at their joint venture released 60 million cubic meters of mud downstream, killing at least 17 and contaminating the water systems of hundreds of towns and cities. The companies' assets in the country have been frozen, and they face the possibility of billions of dollars more in damages. Both companies have been ordered to carry out extensive environmental and social work in the areas affected by the collapse. <a href="http://www.businessinsider.com/cdc-update-on-chipotle-e-coli-outbreak-2015-12">The CDC is looking into another possible E. coli outbreak at Chipotle</a>. The Centers for Disease Control and Prevention say five new E. coli cases could be linked to Chipotle. One person in Kansas, one person in North Dakota, and three people in Oklahoma all reported eating at Chipotle in the week before they fell ill. This follows cases in Illinois, Maryland, and Pennsylvania, as well as an ongoing investigation of a strain that left 120 Boston College students ill. Chipotle has since created new food-safety programs it is implementing. "With all of these programs in place, we are confident that we can achieve a level of food safety risk that is near zero," Chipotle spokesman Chris Arnold said in a statement. <a href="http://www.businessinsider.com/toshiba-shares-crashed-12-after-warning-of-a-record-loss-2015-12?r=UK&amp;IR=T">Toshiba was cut to junk at Moody's</a>. The electronics maker is having a bad week. On Monday, the company announced it was taking a record loss of 550 billion yen ($4.5 billion) and eliminating 7,000 jobs while narrowing its focus to chips and nuclear energy. On Tuesday, the company's debt rating was cut to junk at Moody's with a two-notch downgrade from Baa3 to Baa2. "We expect that Toshiba's leverage will stay high over a prolonged period, given that its restructuring costs will exceed our previous estimates, and our expectation of improvement in earnings, if any, for each business segment will be very gradual even after the restructuring," Masako Kuwahara, a Moody''s vice president and senior analyst, said. <a href="http://www.businessinsider.com/the-biggest-insider-sellers-of-the-year-2015-12?r=UK&amp;IR=T">Bill Gates was the biggest insider seller in 2015</a>. Microsoft founder Bill Gates sold $1.5 billion worth of the company's stock in 2015, according to Sqoop.com. But that was far less than the $3.35 billion he sold in 2014. The data shows Google cofounders Sergey Brin ($868 million) and Larry Page ($857 million) were second and third on the insider selling list. Insiders are allowed to sell stock as long as they don't used privileged information during their decision process.Stock markets around the world are little changed. China's Shanghai Composite (+0.3%) hit its best level in four months while leading the gains in Asia. Elsewhere, Spain's IBEX (+0.7%) outperforms during a quiet session in Europe. S&amp;P 500 futures are up 1.25 points at 2,016.25.US economic data picks up. The third estimate of US third-quarter gross domestic product is due out at 8:30 a.m. ET. We also get a look at the housing market as the FHFA's Housing Price Index is set for release at 9 a.m. ET and existing-home sales are announced at 10 a.m. ET. The US 10-year yield is higher by 1 basis point at 2.21%.There are a few earnings reports of note. ConAgra reports ahead of the opening bell, while Micron and Nike release their quarterly results after markets close. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/jim-cramer-fed-interest-rates-james-bullard-dennis-lockhart-2015-12">Jim Cramer blasts the Fed's Bullard and Lockhart for 'not caring about the facts'</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="djcGRqeTpejA4OQnPlzd40fGUMCLR9Pv" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

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Toshiba to get restructured with new $2.5 billion credit line

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10 things you need to know before the opening bell

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Amazon and Best Buy are partnering to sell TVs - and it shows how complicated their relationship has become

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10 things you need to know before the opening bell

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