Panasonic (PC) reports a ¥197.6B ($2.6B) net loss for the Oct.-Dec. quarter, and expects its...

|About: Panasonic Corp. ADR (PCRFY)|By:, SA News Editor

Panasonic (PC) reports a ¥197.6B ($2.6B) net loss for the Oct.-Dec. quarter, and expects its full year results to be its worst ever at a projected loss of ¥780B. Contributing factors: a strong yen, production problems related to Thai flooding, costs from its absorption of Sanyo, a global slowdown, and eurozone-driven instability in financial markets.