Thursday, November 1, 2012

Panasonic faces glut of sell orders after net loss forecast





Shares of Panasonic Corp were untraded with a glut of sell orders on Thursday after the consumer electronics maker forecast a 765 billion yen (US$9.6 billion) net loss for the business year, nearly matching last year’s record net loss. Panasonic was notionally quoted at 478 yen, down 7 per cent from Wednesday’s close of 514 yen.









via Business feed http://www.scmp.com/business/money/market-snapshot/article/1074183/panasonic-faces-glut-sell-orders-after-net-loss

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