Friday, November 27, 2015   

Panasonic profit dives
(07-31 16:02)

Panasonic on Thursday posted a US$369 million net profit for the three months to June, down 65 percent from a year ago when the Japanese electronics giant logged a big one-off gain from a pension scheme change.
The Osaka-based company said net profit hit 37.93 billion yen, as it separately announced it has inked a deal with US electric car maker Tesla to build a huge battery manufacturing plant in the United States. --AFP
Other Business breaking news:
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Global airlines industry predicts China’s emergence as largest travel market (12 mins ago)
CITIC Securities confirms China regulator’s investigation (11-26 20:04)
Average US rate on 30-year mortgage slides to 3.95pc (11-26 18:52)
British bank Barclays fined US$108m over financial crimes risk (11-26 18:08)
Hang Seng gives up gains at close (11-26 16:39)
Alibaba Group makes move on SCMP, insider says (11-26 14:28)
HK, China stocks rally (11-26 13:50)
Deere & Co posts profit, but sales of tractors, bulldozers drop (11-26 13:33)
US state demands fixes for 16,000 more Volkswagen, Audi, and Porsche diesels (11-26 13:11)

More breaking news >>

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