[May 11, 2012] Panasonic losses balloon amid disaster, strong yen Tweet (Associated Press Via Acquire Media NewsEdge) TOKYO -- Panasonic's January-March losses have ballooned 10-fold to 438 billion yen ($5 billion), completing a year of record red ink at the Japanese electronics maker battered by natural disasters and an ailing TV business. Panasonic Corp. had racked up a 40.7 billion yen loss the same period the previous year. The Osaka-based maker of Viera TVs and Lumix digital cameras reported Friday a record loss of 772.2 billion yen ($9.6 billion), a reversal from the 74 billion yen profit posted a year ago. (c) 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. [ Back To TMCnet.com's Homepage ]