Panasonic reports loss on slump, price falls Aug 3, 2009
Panasonic, previously called Matsushita Electric Industrial Co., said sales fell in every major product category, including video and TV products, personal computers, devices, housing, and home appliances such as air conditioners. The company spent 21. (Atlanta Journal-Constitution -- Business)
Panasonic announces Q1 net loss Aug 3, 2009
The group, which changed its corporate name from Matsushita Electric Industrial in October, is cutting 15,000 jobs and closing dozens of plants as it struggles to recover from its first annual loss in six years. Read business stories in. (India Times)
Panasonic suffers first loss in six years May 16, 2009
The group, which changed its corporate name from Matsushita Electric Industrial in October, expects sales to slump 10 percent this year but it aims to boost operating profit by three percent to 75 billion yen. In the past year to March, "we lacked strength in both growth potential and profitability", said Otsubo. (Yahoo! Asia News)
Panasonic posts a $4B annual loss, first in 7 years May 16, 2009
Panasonic last year changed its official name from Matsushita Electric Industrial Co., shedding the name of its charismatic founder in favor of its internationally known brand. Panasonic's efforts to restructure may not reap immediate benefits but are likely to pay off in the long term, says Mona Mehta, an analyst at Independent Research Private. (USA Today -- Money)
* Panasonic posts annual net loss of US$3.95 billion May 16, 2009
The group, which changed its corporate name from Matsushita Electric Industrial in October, expects its sales to slump 10 percent this year, but it aims to boost operating profit by 3 percent to D75 billion. ELECTRONICS. (Taipei Times, Taiwan -- Sports)
Panasonic slumps to $4-billion annual loss May 15, 2009
Panasonic, formerly known as Matsushita Electric, is in talks with regulators to obtain approval for its planned acquisition of smaller rival Sanyo Electric Co Ltd.. Sanyo is the world's largest maker of rechargeable batteries used in mobile phones, notebook PCs and hybrid cars, and the acquisition is set to strengthen Panasonic's green energy businesses substantially. (Globe and Mail -- Technology)
Toshiba and Panasonic Agree on LCD Joint Venture Transfer Apr 1, 2009
The merger of Toshiba Corporation and Matsushita Electric Industrial Co., LCD and organic LED businesses in Toshiba Matsushita Display Technology Co., Ltd. Creates a world-class company enjoying significant advantages of scale. The unification has brought together advanced capabilities in product development and production know-how and given our sales operations a truly worldwide reach. (JCN Network, Japan)
Panasonic Sets Terms for $4.1 Billion Bond Sale, Largest by a Manufacturer Mar 4, 2009
Panasonic already holds the record for the largest bond issue by a manufacturer, having borrowed 300 billion yen by selling notes in January 2002, when the company was known as Matsushita Electric Industrial Co.. The Bank of Japan offered to buy 150 billion yen in corporate bonds from lenders in what Governor described yesterday as an exceptional step to make it easier for companies to borrow. (Bloomberg -- Asia)
Panasonic Said to be Planning Biggest Bond Sale by a Japanese Manufacturer Mar 3, 2009
A sale would be Panasonics first since January 2002 when the company, known then as Matsushita Electric Industrial Co., sold 300 billion yen in notes, a record for a Japanese manufacturer. To contact the reporter on this story: in Tokyo at. (Bloomberg -- Japan)
Research In Motion Stops Japanese Sales of Bold After Devices Overheated Feb 28, 2009
Other handset makers that have had problems with overheating include Nokia Oyj, which offered to replace as many as 46 million handset batteries made by Matsushita Electric Industrial Co. last year. To contact the reporters on this story: in New York at. (Bloomberg -- Canada)
Mitsubishi UFJ Offers Coupon Paying 11 Times Deposits for Record Bond Sale Feb 20, 2009
Panasonic Corp., then known as Matsushita Electric Industrial, sold 300 billion yen bonds in January 2002 and shares the record for Japans biggest corporate sale with Nomura Holdings Inc.s December 2008 issue of the same size, Bloomberg data show. Mitsubishi UFJs notes come after bond sales by Roche Holding AG and JPMorgan Chase & Co. propelled U.S. corporate debt issuance to a daily record of $32. (Bloomberg -- Japan)
Panasonic managers urged to help shore up sales Feb 13, 2009
Panasonic, formerly known as Matsushita Electric, warned last week it would post an annual net loss of 380 billion yen ($4. 2 billion) for this business year and said it would cut about 15,000 jobs as it grapples with a widening recession. (Reuters)
Panasonic to cut 15,000 jobs, shut 27 plants Feb 7, 2009
The company, formerly named Matsushita Electric Industrial Co., for its founder, also lowered its sales forecast for the fiscal year ending March 31, to 7. 75 trillion yen from an earlier 8. (MSNBC -- Business)
