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

Posted by: UGN Security

[Reuters] Panasonic sees $5.5 billion annual loss, worst in a decade - 10/31/11 08:42 AM

TOKYO (Reuters) - Japanese electronics maker Panasonic Corp forecast an annual net loss of 420 billion yen ($5.5 billion), its worst in a decade, as restructuring costs soared and weak demand in the United States and Europe eroded income.