Thu, Jun 26 12:00 PM
TOKYO (AP) _ Shareholders of Japanese electronics maker Matsushita Electric Industrial Co. on Thursday approved a proposal to change its name to Panasonic Corporation, shedding the name of the company's charismatic founder, Konosuke Matsushita, in favor of its more internationally known brand.
The name change, which was approved at a shareholders' meeting, will become effective from October 1, 2008, the electronics giant said in a statement. Panasonic brand products cover a wide range of electronic goods and appliances, but it has recently been focused on flat-screen TVs, becoming one of the world's largest manufacturer of the product.
The company sells both plasma and liquid crystal display models and is boosting production. Matsushita said in April its profits soared more than 160 percent in the January-March quarter, lifted by robust sales of cell phones, flat-panel TVs and DVD players.
The company said it aimed to reach a group net profit of 310 billion yen (US$2.9 billion; 1.9 billion) in the current fiscal year through March 2009.
If you are young, have a hectic social life where you drink and party, and have applied for a job, chances are you will lose out to someone who is a teetotaler.
| Copyright © Yahoo Web Services India Pvt Ltd. All rights reserved. Questions or Comments Privacy Policy -Terms of Service - Copyright Notice |
