Panasonic stays in TV business, chairman resigning




Technology Top Stories from Associated Press (AP) show

Summary: TOKYO (AP) , Panasonic's president said Thursday the company will persist with trying to fix its money-losing TV business, characterizing an exit from the fiercely competitive industry as a "final resort." Panasonic also said Fumio Ohtsubo will step down as chairman in June ahead of schedule to take responsibility for the company's string of dismal financial results.