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Wednesday May 23rd 2012

Panasonic headed for record $10 billion annual loss

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TOKYO (Reuters) – Japan’s Panasonic Corp forecast a record annual net loss of $10.2 billion on Friday, joining beleaguered rivals Sony and Sharp in a sea of red ink as they struggle to fix their broken TV businesses and overcome criticism that they have lost their way.

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Post Published: 03 February 2012
Found in section: -, Finance