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Panasonic Posts $4B Loss as Sales Drop 14.4%
TOKYO -- Panasonic reported a loss for the fiscal year ended in March of 378.96 billion yen ($4 billion).
The Japanese electronics giant said the global economic slump reduced revenue 14.4% to 7.77 trillion yen.
It expects to stay in the red this year, forecasting a 195 billion yen loss for the 12 months through March 2010. ...
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