Saturday, November 18, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Verizon Signs Deal with NFL: report
Microsoft Offers Discounted Games for Xbox Live Gold Members, Sony Unveils PlayStation Deals
Apple HomePod Smart Speaker Won't Be an Option For Holiday Shopping
G.Skill Unveils Trident Z DDR4-4400 32GB CL19 Kit
Spotify Buys Soundtrap
Volkswagen to Invest Over $40 billion on Future Cars
Broadcom Completes Acquisition of Brocade
Tesla Roadster Electric Supercar Accelerates to 60mph in 2.2 sec
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > U.S. Au...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, February 02, 2017
U.S. Authorities Probe Panasonic's Avionics Business


Panasonic said on Thursday its avionics unit is being investigated by U.S. authorities under the Foreign Corrupt Practices Act (FCPA).



The Japanese electronics maker said Panasonic Avionics Corp, a major supplier of inflight entertainment systems, is being probed by the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC).

Panasonic did not specify the nature of the investigation, but said it has been fully cooperating with the investigation and has begun talks with the DOJ and the SEC to resolve the matter.

Panasonic Avionics is headquartered in California with over 4,500 employees globally. In addition to inflight entertainment, it supplies communications equipment to airlines.

Separately, Panasonic raised its full-year operating profit outlook on Thursday as it benefited from a weaker yen that has boosted the value of earnings repatriated from overseas.

It forecast group profit of 265 billion yen ($2.35 billion) for the year ending March 31, up from a previous estimate of 245 billion yen under international financial reporting standards (IFRS).



Previous
Next
Tablet Market Keeps Shrinking        All News        Fujitsu Releases FRAM Memory For The Automotive Market
Microsoft Wants To Be Excluded From Trump Immigration Order     General Computing News      Fujitsu Releases FRAM Memory For The Automotive Market

Get RSS feed Easy Print E-Mail this Message

Related News
Panasonic Develops System to Protect Cyber Attacks in Connected Cars
Panasonic Develops a "Makeup Design Tool" That Lets You Use Create Digital Professional Makeup
Panasonic - Technics Audio and Video Products at IFA
Panasonic Technology Detects and Predicts a Driver's Level of Drowsiness
Panasonic Releases Tiny 512Gb SSD in Japan
Panasonic DMP-UB30 Ultra HD Blu-ray Player Debuts in Japan
Panasonic Announces the Toughbook 33 2-in-1 Detachable Laptop
Panasonic Releases the Toughbook CF-33 2-in-1
Panasonic Brings High Contrast Transparent Screen to Market
Panasonic Develops First Organic CMOS Image Sensor With Electrically Controllable Near-Infrared Light Sensitivity
Terahertz Wireless Allows Data Transfer 10 Times Faster Than 5G
Panasonic To Partner With UMC To Produce ReRAM

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .