Toshiba CEO Steps Down, Apple Set to Report Results

Toshiba's Chief Executive resigned Tuesday, a day after an outside investigation said he and other current and former executives were responsible for an accounting scandal in which the Japanese industrial and electronics giant overstates profits by more than $1.2 billion over seven years. A panel found the executives put intense pressure on the company's business units to achieve unrealistic profit and sales targets. And, all eyes are on Apple (AAPL) as the tech giant gets ready to report earnings after the closing bell. Analysts are, on average, looking for sales growth of 32 percent to $49.3 billion. Qualcomm (QCOMM) may be considering a breakup of the company. The Wall Street Journal says it's conducting a strategic review which result in the split of its chip production business from its patent licensing operation. TheStreet's Jane King reports from New York