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Panasonic restructuring

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Panasonic Corp., Japan’s second-biggest TV maker, informed on the 31st of October that it would lose approximately $9.6 billion this fiscal year ending in March 2013. The predicted loss of Panasonic Corp. is approximately 30 times bigger what experts estimated. In addition, Panasonic Corp. reported a loss of $8.7 billion for the second quarter because of decreasing demand for TVs and restructuring costs as well.

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