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Stock Market & Financial Investment News

News Breaks
January 17, 2014
05:53 EDTPCRFYPanasonic to sell three chip assembly plants, decide on two others, Reuters says
Panasonic plans to sell three chip-assembly plants in Southeast Asia to Singapore's United Test and Assembly Center, sources say, reports Reuters. Panasonic is looking to conclude a deal by early February, and is considering its options for two other chip assembly plants in Shanghai and Suzhou, China, the sources added.Reference Link
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April 22, 2014
06:13 EDTPCRFYTesla CEO Musk: Panasonic will likely be partner for battery factory, WSJ says
Elon Musk, the CEO of Tesla (TSLA), says Panasonic (PCRFY) will likely partner with the company on a planned $5B battery plant in the U.S., the Wall Street Journal reports. Tesla is expected to announce more details in two to three months. Panasonic says it is looking into a "variety of options to strengthen its relationship" with the electric car maker. Reference Link

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