Akira Kadota News
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Panasonic Corp. , Japan’s biggest maker of batteries, plans to boost production of disposable batteries to meet surging demand after last week’s earthquake.
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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.
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Panasonic Corp. and Samsung SDI Co. , the world’s two largest makers of rechargeable batteries, may deepen price cuts this year as overproduction worsens a glut in the industry, analysts said.
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