Fox Business - The Power to Prosper
Search Site

Environmentally Friendly

Panasonic Posts Second Year of Big Losses

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...

Read More

  1. Corporate Charity a Boon to Bottom Lines

    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...

  2. Vermilion CEO: Hopeful President Will Pass Keystone

    Vermilion Energy CEO Lorenzo Donadeo on the future of the pipeline and tar-sands oil.

  3. Don't Buy an Electric Car

    I live in California, home to all sorts of environmental nonsense. We couldn't build our house where we wanted to because of a tiny plant you can hardly see and a gr...

  4. New Land Rover Sport Unveiled at New York Auto Show

    Jaguar Land Rover Automotive CEO Ralf Speth on the company’s latest line of cars and regions of growth.

  5. The High-IQ car Insurance Discount

    You pay less on car insurance if you have a clean driving record, drive a sensible and safe car, and are well past your teen years. That only makes sense.But there a...

  6. How to Make Installing Solar Panels More Affordable

    Installing solar panels is a top way to make a home more energy efficient and environmentally friendly, but setup and up-front costs can make the move unaffordable t...

  7. Zero emissions? Not so fast...

    Author claims electric cars may not be as 'green' as you think

  8. Gulf Oil CEO on Keystone Pipeline, U.S. Energy Infrastructure

    Gulf Oil CEO Joe Petrowski on the debate over whether to approve the Keystone XL Pipeline.

  9. Sharp, Panasonic 3Q Earnings Recover Modestly

    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 ...

  10. Are government regulations drowning the fishing business?

    Fishermen say cutbacks may end industry

  11. Sharp and Panasonic Earnings Offer Signs of Modest Recovery

    Japanese electronics manufacturers Sharp Corp. (6753.TO) and Panasonic Corp. (6752.TO) on Friday offered signs of a modest earnings recovery, improving their perform...

  12. Panasonic Returns to October-December Profit

    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 ...

  1. Discounts on Bikes & Trikes plus a New Travel Tool

    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...

  2. Celebrate Earth Week with Discounts

    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...

  3. Social Media Influencing Green Buying

    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.

  4. Top 10 Environmentally Friendly Cars

    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...

  5. 5 Secrets of the Most Innovative Companies

    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...

  6. 5 Steps to Make Your Business Green for Earth Day

    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.

  7. 13 Cool Eco-Businesses for Earth Day

    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 ...

‹ Prev12345Next ›
Freebase CC-BY
Source: Environmentally Friendly on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL