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Panasonic sees $5.5 billion annual loss, worst in a decade

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.

Source: Reuters

http://www.reuters.com/article/2011/10/31/us-panasonic-results-idUSTRE79U1A020111031

1 2011 | View: 577 | Analytics | Printint version
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