Panasonic 2012 Q3: $9 billion loss, Sanyo writedowns, restructuring

Right after Nikon, Panasonic has just released it's awful 2012 Q3 reports. The company blames it's bad report on the Japanese earthquake for damaging its supply chain, and the having to write-down the costs for it's acquisition of Sharp. But the company's promising to restructure to become a "green innovation" business as well as to streamline its operating costs. It's predicting a quarterly loss of $9.2 billion as it takes the hit, and it doesn't look like things will improve with an anticipated further loss of another $2 billion at the end of the (financial) year.