Panasonic Forecasts $10 Billion Loss

Panasonic Corp. said Friday that it now expects to post a loss of more than $10 billion for the fiscal year ending March 31, and cited a write-down related to its acquisition of a rival and hefty restructuring costs in its loss-making television business.

Source: http://allthingsd.com/20120203/panasonic-forecasts-10-billion-loss/

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