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Panasonic Corp. (6752.TO) said Friday it posted a second straight year of massive losses in the previous fiscal year to March, dragged down by hefty restructuring charges aimed at fixing its ailing electronics business.Panasonic said it posted a net loss of Y754.25 billion ($7.46 billion) in the year to March compared with a loss of Y772.17 billion a year earlier. Revenue fell 6.9% to Y7.303 trillion, while operating profit more than tripled to Y160.94 billion. Analysts, on average, had forecast an annual net loss of Y745.48 billion, and an operating profit of Y145.75 billion on revenue of Y7.249 trillion, according to Thomson Reuters.The latest red ink brings the company's bruising losses for the last two business years to about $15 billion. Like its Japanese rivals, Panasonic is reeling from a consumer electronics industry in rapid decline.It rolled the dice with massive billion-dollar investments in panel-making factories for televisions, only to see those bets sour when TV demand p...
When it comes to corporate responsibility, terms like charity and sustainability seem to supersede more lucrative words like money and profits.But abiding by this ce...
Vermilion Energy CEO Lorenzo Donadeo on the future of the pipeline and tar-sands oil.
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Author claims electric cars may not be as 'green' as you think
Gulf Oil CEO Joe Petrowski on the debate over whether to approve the Keystone XL Pipeline.
Japanese electronics manufacturers Sharp Corp. (6753.TO) and Panasonic Corp. (6752.TO) improved their performance in the fiscal third quarter from big losses in the ...
Fishermen say cutbacks may end industry
Japanese electronics manufacturers Sharp Corp. (6753.TO) and Panasonic Corp. (6752.TO) on Friday offered signs of a modest earnings recovery, improving their perform...
Helped by a weaker yen and aggressive cost-cutting, Panasonic Corp. (6752.TO) said Friday it returned to profit in the October-December quarter from the same period ...
Welcome to OnSale at FOXBusiness, where we look at cool deals and insane bargains.Save on kids' toys this weekend and pick up a new bike before summer is in full swi...
Welcome to OnSale at FOXBusiness, where we look at cool deals and insane bargains.It's Earth Week, so OnSale has some environmentally-friendly and earth-oriented dea...
If you’re hoping to woo true environmentalists with your green products or services, you should aim for social media tactics that target younger people, who have larger social circles and are more prone to take action, according to Mintel, a company that tracks trends worldwide.
Earth Day, observed on April 22, is a global annual celebration of the environmental movement. The day and its activities date back to 1970.The environmental push ov...
What does it take to make Fast Company magazine's "Most Innovative Companies" list?"Just being good at what you do, and continuing to grow in revenue doesn't qualify...
It’s Earth Day! In today’s roundup, we’ve got five tips that will make your business a whole lot greener. Plus, strategies for increasing sales and becoming a savvier international company.
Calling all tree huggers, environmentalists and children of Mother Earth: Today (April 22) is Earth Day. And while many folks will spend this day picking up litter on the side of a highway or teaching children how to plant trees, there are some business owners that spend 365 days a year devoted to ...
