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Panasonic Corp. ADR (PCRFY)

- OTCPK - Current
  • Jul. 28, 2011, 3:29 PM
    Japanese executives use the occasion of earnings releases to warn about the yen - still hanging at all-time highs vs. the dollar. "There are questions over whether it's possible to keep production in Japan," says Toshiba's EVP, "improvement in production systems can't keep up (with yen strength)."
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  • Jun. 20, 2011, 7:59 AM
    Panasonic (PC) expects its operating profit to fall 11% to ¥270B yen ($3.4B) in FY 2012 due to the damage from Japan's earthquake, although the prediction is above analyst estimates of ¥262.6B. Shares closed +0.5% in Tokyo.
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  • May 20, 2011, 11:41 AM
    Facing an "extremely difficult" year after Japan's quake, tsunami and nuclear crisis, Panasonic (PC -1.2%) looks to the country's rethought energy policy for a silver lining - emphasizing greener products and renewable energy. If the company sticks to AV and white goods, "our future growth will be limited," President Fumio Ohtsubo says.
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  • Apr. 28, 2011, 8:00 AM
    Panasonic (PC) is cutting 35,000 jobs over three years in one of the biggest culls in Japanese manufacturing history. The news comes as Panasonic's FQ4 losses swell to ¥40.7B yen ($499M) from ¥8.89B, due to restructuring costs and damage from the March earthquake. Shares closed +2.4% in Tokyo.
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  • Mar. 17, 2011, 9:10 AM
    Premarket gainers: CTIC +11%. SNE +8%. CIGX +7%. KYO +6%. SI +6%. GPL +5%. CPST +5%. FDX +5%. PC +5%. STD +5%. RDS +4%. VOD +4%. RIO +4%. TEF +4%. ARMH +4%. CREE +4%. SNN +4%. TOT +4%. ABB +4%. BBVA +4%. VE +4%. MT +4%. UPS +4%. NOK +3%. ALU +4%. HERO +3%. URRE +3%. CLF +3%. LVLT +3%. BHP +3%. STO +3%. MGM +3%.
    Losers: GMR -30%. GES -7%. KWK -6%. HSOL -6%. NRP -6%. SNBC -5%. LULU -4%. PHI -4%. THQI -3%.
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  • Mar. 15, 2011, 5:00 AM
    Nikkei sheds another 10.6% to close at 8,605 amid reports that Tokyo's radiation readings surged to 23x the normal level. Worst-hit shares included TOSBF.PK -19.5%, HIT -12.6%, NMR -12%, PC -11.3%, KYO -10.7%, MFG -10.3%, NTT -9%, SNE -8.9%, and MTU -8.8%.
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  • Mar. 14, 2011, 12:00 AM
    The Nikkei is -5.7% at 1:00 PM Japan time, its low of the day.
    Manufacturers are being hit hard, including Toshiba (TOSBF.PK) -16.3%, Hitachi (HIT) -15%, Nissan (NSANY) -9.2%, Sony (SNE) -8.5%, Toyota (TM) -8%, Panasonic (PC) -8.2%, and Honda (HMC) -5.7%.
    Other losers include Nomura (NMR) -9.1%, Yahoo Japan -6.2%, and Nippon Telegraph and Telephone (NTT) -5.5%.
    Many firms are still trying to assess the condition of their plants and how potential power cuts might affect them.
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  • Feb. 24, 2011, 3:56 PM
    Last year, SSBT OD05 Omnibus Account Treaty Clients appeared as a top 10 shareholder in several major Japanese companies. Behind SSBT? China, which has stealthily built stakes in firms like Mitsubishi Financial, Canon, Sony, and Tokyo Electric, among others.
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  • Jan. 10, 2011, 2:05 PM
    There are no leaders in the messy and exploding web-TV war, and some of the manufacturers struggle to make a profit off their units. Another of the many problems - with the plethora of offerings, even the consumer is baffled. "People are overwhelmed by technology," notes a Panasonic (PC +0.2%) executive.
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  • Jan. 6, 2011, 4:10 PM
    Japan's TV makers brace for the end of a subsidy that may cause sales to drop from 24M in 2010 to 13M this year. Sony (SNE -0.58%), with only 10% of its TV sales in Japan, seems best positioned, while Sharp (SHCAY.PK +0.56%) is most dependent on the domestic market. PC +0.49%. TOSBF.PK +1.79%.
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  • Jan. 5, 2011, 2:12 PM
    Panasonic (PC) will share its web-enabling software for TVs, gratis, to help foster a rival consortium to the Google TV (GOOG) - Sony (SNE) alliance, say reports. To that end, Panasonic will offer TV makers in the Far East its online content display capabilities.
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  • Jan. 4, 2011, 4:54 PM
    Working with consumer electronic companies, Netflix (NFLX) will offer a special button on TV and other remote controls to control its content streams. By taking the aggravation out of navigating between broadcast and online content, Netflix hopes to embed itself more deeply in the living room. Netflix is +0.1% AH.
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  • Dec. 9, 2010, 8:02 AM
    Nidec (NJ -0.5%) will buy Sanyo Electric's (SANYY.PK +0.2%) mini-precision motor business for a reported $83M. Sanyo is being taken over by Panasonic (PC), and is shedding non-core lines to focus on green tech.
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  • Nov. 16, 2010, 10:54 AM
    Panasonic (PC) will sell Android (GOOG)-based smartphones in Japan by 2011, where it will play catch-up with the iPhone (AAPL) and Samsung's (SSNLF.PK) Galaxy S. Panasonic "misjudged the speed" of smartphone adoption in Japan, says an exec.
  • Oct. 30, 2010, 4:24 PM
    Good news for TV buyers, bad news for TV-makers' shareholders: The industry is bracing for a 'severe' year-end price war, with some analysts predicting price declines as steep as 25% going into the key holiday season. This year's strategy to "sell earlier and sell for less" will make life 'miserable' for manufacturers like Sony (SNE), Samsung and Panasonic (PC).
  • Oct. 7, 2010, 5:10 PM
    Panasonic (PC +3.4%) reportedly is jumping back after a long hiatus into the videogame "jungle" with a new handheld game player. Now caught in a number of businesses that recently were profitable but are not now, Doug McIntyre says Panasonic is forced to turn to another high-volume, low-cost business to improve its prospects.
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Company Description
Panasonic Corporation is one of the largest electronic product manufacturers in the world, comprised of over 634 companies. It manufactures and markets a wide range of products under the Panasonic brand to enhance and enrich lifestyles all around the globe.
Country: Japan