Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, October 20, 2011

Market Talk: Finance Corporate News

The following corporate finance-related stories were reported by media on Thursday: * Panasonic will reduce plasma TV panel production and cut up to several thousand jobs, as its loss-making television unit struggles to compete with Asian rivals, domestic media reported.* Swiss bank UBS's interim chief executive Sergio Ermotti has ruled out a sale or spinoff of the investment bank and is planning to shrink the unit, the Wall Street Journal reported.

Source