Akira Kadota

Panasonic Names Tsuga New President, Replacing Ohtsubo

Panasonic Corp., Japan’s largest appliances maker, named Kazuhiro Tsuga as president three weeks after forecasting a record net loss because of slowing demand for TVs and production halts caused by floods in Thailand.

Panasonic to Boost Overseas Recruitment Next Year

Panasonic Corp. , the world’s largest maker of plasma televisions, plans to boost hiring at its overseas operations next year and cut back recruitment in Japan.

Sony’s Credit Rating Cut to Baa1 by Moody’s; Panasonic Also Downgraded

Sony Corp. and Panasonic Corp. had their credit ratings cut one level by Moody’s Investors Service on concern they will have difficulty turning around their unprofitable television businesses.

Toyota, Panasonic CEOs Silence After Quake Conveys Investors Don't Matter

Two weeks after Japan ’s strongest earthquake on record, investors have yet to hear from the leaders of Toyota Motor Corp . and Panasonic Corp . about how they’re dealing with the crisis.

U.S. Rating Downgrade Exacerbates Currency Misery for Elpida, Fuji Heavy

Japanese exporters said the U.S.’s loss of its AAA credit rating will hinder efforts to weaken a near-record high yen that is crimping their overseas earnings.

Panasonic Pays $6.4 Billion to Buy Sanyo, Electric Works Shares

Panasonic Corp. , the world’s largest maker of rechargeable batteries, spent 525 billion yen ($6.4 billion) to boost stakes in Sanyo Electric Co. and Panasonic Electric Works Co. and expand in energy-related businesses.

Panasonic Rises After Report Company Won't Sell New Shares to Fund Buyout

Panasonic Corp. , the world’s largest maker of plasma televisions, rose the most in seven weeks in Tokyo trading after the Nikkei English News said the company won’t issue new shares to fund buyouts of two affiliates.

Panasonic to Boost Production of Batteries as Demand Surges

Panasonic Corp. , Japan’s biggest maker of batteries, plans to boost production of disposable batteries to meet surging demand after last week’s earthquake.

Panasonic Begins Testing of Portable Video-Game Player `Jungle' in U.S.

Panasonic Corp. began testing of a handheld video-game player in the U.S., as the Japanese electronics maker aims to return to the market after more than a decade to challenge Sony Corp. and Nintendo Co.

Panasonic Says It Isn't the Source of Report It Won't Issue New Shares

Panasonic Corp. isn’t the source of the information in a report which said the company won’t issue new shares to finance its acquisitions of two affiliated companies. Panasonic is considering ways of raising funds for the acquisitions, Akira Kadota, a Tokyo-based spokesman, said by phone today.

"We anticipate the harsh price competition with South Korean makers will continue."

- Akira Kadota on Aug 25, 2010

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Howard Stringer

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