Everyday News: Panasonic Annual Loss Expected To Be $5.5 Billion, Their Worst In A Decade

Monday, October 31, 2011

Panasonic Annual Loss Expected To Be $5.5 Billion, Their Worst In A Decade

By Isabel Reynolds
(Reuters) - Japanese electronics maker Panasonic Corp forecast an annual net loss of 420 billion yen ($5.5 billion), its biggest in a decade, as restructuring costs ballooned, and a soaring yen and weak demand in the United States and Europe eroded income.

Everyday News

Monday, October 31, 2011

Panasonic Annual Loss Expected To Be $5.5 Billion, Their Worst In A Decade

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