Panasonic Set for Record Loss, UBS in Swiss Probe: Hot Trends
NEW YORK (
) -- Popular searches on the Internet include
Panasonic
(PC)
as the company forecasts a record annual $10.2 billion net loss, wider than analysts' expectations.
The company's loss is mostly due to restructuring charges and write-downs for its Sanyo Electric unit. Much of the damage weighing down the company comes from its TV business. Panasonic, which cut its forecast for flat-screen TVs by 1 million to 18 million sets, missed third-quarter forecasts as well. It reported a loss of 197.6 billion yen, from a profit a year earlier. Panasonic will also cut 17,000 jobs by the end of March.
UBS
(UBS) - Get Report
is trending as it is among 11 other banks in a Swiss investigation of possible manipulation of the London interbank offered rate.
The Swiss Competition Commission said the banks, which also includes
Credit Suisse
(CS) - Get Report
, are under investigation for influencing key interest rates and derivatives trading. The involved banks have received letters asking for more information on their alleged behavior and have until the beginning of March to respond. That deadline could be extended.
Skype
is another popular search as a new Windows version of the service has hit with plenty of new features.
Skype version 5.8 now boasts full HD video calling, push to talk and Skype updater service. It has a group screen sharing feature, which would allow as many as 10 people to chat at the same time. Group screen sharing is available on Skype Premium, which also includes group video calling and live customer support. Users can also use Facebook through the new version, by video calling Facebook friends, sending messages or even checking news feeds. The new version is now available for download.
The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.
-- Written by Brittany Umar
.
Brittany joined TheStreet.com TV in November 2006 after completing a degree in Journalism and Media Studies at Rutgers College. Previously, Brittany interned at the local ABC affiliate in New York City WABC-TV 7 where she helped research and produce On Your Side, a popular consumer advocacy segment.
