May 10, 2013 at 09:58 AM EDT
Panasonic's TV Sales Fall 20 Percent
It seems that Panasonic's (OTC: PCRFY) restructuring plan has not been successful. According to CNET , the Japanese electronics giant posted another major loss. The company lost 754.3 billion Yen ($7.42 billion U.S.) during the fiscal 2012 sales period after sales declined seven percent to 7,846 billion Yen ($71.86 billion U.S.).
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