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Panasonic sees $5.5 billion annual loss, worst in a decade
TOKYO (Reuters) – Japanese electronics maker Panasonic Corpforecast an annual net loss of 420 billion yen ($5.5 billion), its biggest in a decade, as restructuring costs ballooned, and a soaring yen and weak demand in the United States and Europe eroded income. Panasonic accelerated the pace of restructuring as it races to…
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