MSM: Panasonic warns of $4.2 billion loss, to cut 15,000 jobs

TOKYO (Reuters) – Japan’s Panasonic Corp (6752.T), the world’s No.1 plasma TV maker warned it would post an annual loss of $4.2 billion and said it would cut 15,000 jobs and close plants as it battles a slump in demand and a stronger yen. Continue reading