Panasonic slumps to $4 billion yearly loss

(AP) -- Panasonic Corp. slumped deep into the red last fiscal year, joining the expanding club of big Japanese brands shellshocked by their rapid descent from cash cow to money loser.

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<p><a href="http://www.physorg.com/news161599139.html">Panasonic slumps to $4 billion yearly loss</a></p> <p>(AP) -- Panasonic Corp. slumped deep into the red last fiscal year, joining the expanding club of big Japanese brands shellshocked by their rapid descent from cash cow to money loser.</p>