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Panasonic group to see 1st red ink in 6 yrs in FY 2008

OSAKA, Japan - File photo taken Oct. 1, 2008, shows the headquarters of Panasonic Corp. in Kadoma, Osaka Prefecture. The Japanese top electronics maker is likely to report a consolidated net loss for the 2008 business year through March, falling into the red for the first time since the 2002 business year.

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IHI, Kawasaki Heavy to merge shipbuilding operations

TOKYO, Japan - Toshifumi Takei, president of Ishikawajima-Harima Heavy Industries Co. (IHI), and Masamoto Tazaki, president of Kawasaki Heavy Industries Ltd., shake hands in Tokyo on April 3 as they announced integration of their shipbuilding operations into an equally owned venture to be formed on Oct. 1, 2002.

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Hitachi Zosen, NKK to merge shipbuilding units

TOKYO, Japan - NKK Corp. President Yoichi Shimogaichi and Hitachi Zosen Corp. President Iso Minami shake hands at a news conference in Tokyo on Feb. 23. The two firms agreed to merge their shipbuilding operations into a fifty-fifty joint venture to be established Oct. 1, 2002 in a bid to survive in the increasingly competitive global market.