Panasonic reports a 30.4 billion yen ($389 million) loss for quarter on quake, tsunami

July 29, 2011 | Business

TOKYO – Panasonic slumped to a 30.4 billion yen ($389 million) quarterly loss, hit by lower sales after the earthquake in northeastern Japan, and announced the sale of part of its refrigerator and washing machine business to Chinese rival Haier.
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