Reginal Thomas
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Panasonic Raises Full Year Forecast

Panasonic raised its full year forecast for earnings today, after its quarterly report showed strong sales for its automotive systems along eco friendly technology. The forecast has been raised to $270 billion yen from $250 billion yen. After a grueling restructuring that leads to Panasonic moving out of the plasma TV, and smartphone markets tagged along with downsizing their workforce in its chipmaking unit, the company had a net profit of 61.5 billion yen for the quarter ending in September.