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31Oct/110

Panasonic sees $5.5 billion annual loss, worst in a decade

TOKYO - Japanese electronics maker Panasonic Corp forecast an annual net loss of 420 billion yen ($5.5 billion), its biggest in a decade, as it cut unprofitable businesses deeper and faster than first planned, while battling a soaring yen and weak demand in the United States and Europe.

reuters.com

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