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Panasonic (PC) plunged 20% in Tokyo today, the most in nearly 38 years, following the...

Panasonic (PC) plunged 20% in Tokyo today, the most in nearly 38 years, following the electronics giant's dismal FQ2 earnings report yesterday, when it forecast an FY net loss of $9.6B. Moody’s says it will review the company’s Baa1-rated debt for a potential downgrade. Analysts are urging Panasonic to cut yet more jobs, but the company has no plans to do so in significant numbers.
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