Panasonic Returns to Profit

On the heels of recording its largest-ever annual loss, Panasonic Corp. said Tuesday that it returned to profit in the first quarter, boosted by cost cuts that helped stem the bleeding of red ink at its flat-panel television business.

The profit boost, which beat analysts’ expectations, comes as Osaka-based Panasonic is in the midst of shifting the focus of its business from low-margin consumer electronics products such as televisions to more industrial goods such as solar panels and rechargeable batteries for automobiles.

Read the rest of this post on the original site »

Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »