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Wednesday May 23rd 2012

Panasonic posts $2.6 billion quarterly loss

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TOKYO (Reuters) – Panasonic Corp posted a quarterly net loss of 197.6 billion yen ($2.59 billion) on Tuesday and forecast a record 780 billion yen full-year net loss, hurt by weak demand for its TVs and the cost of restructuring operations.

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Post Published: 03 February 2012
Found in section: -, Technology and Science