Panasonic’s $US4 Billion Loss Makes Sony’s Bad Year Look Peachy

Panasonic, the last sacred bastion of plasma TVs, is down $US4 billion for the year. Analysts thought it might lose a billion dollars. Other Japanese companies who’ve lost a bundle this year: Hitachi dropped $US8 billion into a black hole, NEC bled out $US3 billion, making Sony’s $US1 billion negative look positively awesome. [CNN]