[Reuters] Panasonic cuts annual outlook to worst loss in a decade

Posted by: UGN Security

[Reuters] Panasonic cuts annual outlook to worst loss in a decade - 10/31/11 12:39 AM

TOKYO (Reuters) - Japanese electronics maker Panasonic Corp slashed its annual outlook to a $5.5 billion net loss on Monday, its worst in a decade, as restructuring costs soared and weak demand in the United States and Europe eroded income.