Panasonic considers selling main building in Tokyo: Asahi
- IPL spot-fixing: Chennai Super Kings owner's kin under police scanner
- IPL 2013 LIVE SCORE: Sunrisers Hyderabad vs Rajasthan Royals
- Jessica Lall murder: Actor Shayan Munshi, ballistic expert Manocha to face perjury trial
- BJP tears into UPA govt on 4th anniversary, says it lacks leadership
- BCCI was forced to encash Pune Warriors' bank guarantee: Sanjay Jagdale
Panasonic Corp is considering selling its main building in Tokyo by the end of March 2013, the Asahi newspaper said on Saturday, in an effort to secure funds as it struggles against heavy losses.
Panasonic, which is based in Osaka, western Japan, has warned it will post a net loss of close to $10 billion in the year to March 31, as it writes off billions of yen in tax-deferred assets and goodwill related to its mobile phone, solar panel and small lithium battery businesses.
Panasonic, Japan's biggest commercial employer, is in talks with financial institutions, the Asahi report said. If it sells the building, Panasonic plans to lease offices there, it said.
About 2,000 employees work at the building, which was built in 2003 with cutting edge, energy-saving technology, Asahi said.
In November, ratings agency Fitch downgraded the debt ratings of Panasonic and Sony Corp to "junk" status.
- Fixing probe now reaches Bollywood, son of Dara Singh held
- BCCI cashes Pune Warriors guarantee, 'disgusted' Sahara walks out of IPL
- Sreesanth spent Rs 1.95L on clothes, bought friend BlackBerry, paid in cash: Police
- Delhi firm with MoD as client is linked to Pak cyberattacks
- After Infosys, iGATE sacks Phaneesh Murthy for sexual misconduct
- 2 weeks after harassment, Haryana schoolgirls return, cops in tow