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Panasonic in record loss; shares hit 3-decade low
Panasonic Corp, one of Japan's best known brands, reported a record loss on slumping sales of flat panel TVs on Friday, but promised a return to profit this year under a turnaround plan that faces deepening investor skepticism. Panasonic shares fell to a 32-year low ahead of the results, in a wave of selling that also hit rivals Sony Corp and Sharp Corp. Sales of TVs, cameras and recorders combined
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