• Panasonic Shares Tumble

    Panasonic shed over $3 billion off its market value this week as its shares plummeted 20%. The company has revised its earning forecast from a reasonable profit to a substantial loss. Panasonic shares are now headed towards their lowest level in decades. Moody's Investors Service is currently rating Panasonic's prospects at barely above "junk value".

    The news is apparently not good for other Japanese electronics manufacturers either, with various commentators pointing out the growing threat from South Korean Samsung, USA's Apple and others.
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