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TOKYO (AP) — Japanese consumer electronics giant Panasonic Corp. on Friday reported a near-record net loss of 754 billion yen ($7.5 billion) for the fiscal year through March due to restructuring costs and slumping sales, but predicted a return to the black this year as it prunes unprofitable businesses.
NEW YORK (AP) — The sophistication of a global network of thieves who drained cash machines around the globe of an astonishing $45 million in mere hours sent ripples through the security world, not merely for the size of the operation and ease with which it was carried out, but also for the threat that more such thefts may be in store.
SEOUL, South Korea (AP) — Ahead of a nuclear-powered U.S. carrier's visit to South Korea, North Korea on Friday called this week's summit between the U.S. and South Korean presidents a prelude to war against Pyongyang. Yet it also said it was waiting "with patience" to see if Seoul changes its policies.
AYLESBURY, England (Reuters) - Federal Reserve Chairman Ben Bernanke is unlikely to attend the Group of Seven finance leaders' meeting on the outskirts of London this weekend, a G7 official said. The official, speaking after the dollar broke after 100 yen to its highest level in four and a half years, also said the G7 finance ministers and central bankers are likely to confirm the stance agreed upon by the larger Group of 20 nations that monetary policy would not be directed at currency rates but used for purely domestic purposes. Bernanke is scheduled to speak from 1330 GMT (9.30 a.m. ...