Monday, October 15, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Sharp Releases New AQUOS 8K LCD TVs With 8K Satellite Tuner
Online Political Ads Transparency Project Tackles Archives Built by Social Media Companies
Call of Duty: Black Ops 4 Delivers Biggest Launch Day One Digital Sales in Activision History
Samsung Mobile CEO Confirms New Foldable Phone will Also be a Tablet
Hackers Stole Phone Number and Email Details of 29 Million Facebook Users
TSMC Said to be the Sole Maker of the 7nm Apple A13 Chips
Samsung Chromebook Plus V2 Gets "Always On" LTE Connectivity
Intel Further Reduces Stake in EUV Equipment Maker ASML
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 Two LUMIX S series Models of Full-Frame Mirrorless Camera
Panasonic Visualizes Movement of the Lithium Ions in Next-Generation Batteries, Paving the Way For Commercialization
Panasonic Introduces New 7-inch Android Rugged Tablet for Customer-Facing Mobile Workers
Panasonic to License Out Printing OLED Making Process
Updated Panasonic LX100 Compact Camera Has a New Sensor
Panasonic Image Sensor Detects Objects 250 m Ahead at Night with Poor Visibility
Panasonic Develops 8K Global Shutter Technology Using Organic-Photoconductive-Film CMOS Image Sensor
Panasonic Toughbook CF-20 Gets Performance Boost
Panasonic Debuts HDR10+ OLED TVs, Ultra HD Blu-ray Players and New Technics Turntables at CES
Toyota and Panasonic to Start Study on Automotive Prismatic Battery Business
Panasonic Develops System to Protect Cyber Attacks in Connected Cars
Panasonic Develops a "Makeup Design Tool" That Lets You Use Create Digital Professional Makeup

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .