Fumio Otsubo, president of Matsushita Electric Industrial Co., speaks during a press event in Tokyo Tuesday, Sept. 16, 2008, to announce the major Japanese electronics maker will scrap its Japanese brand name "National" and start a marketing blitz called "Hello Panasonic." Panasonic Corp. said Wednesday, Feb. 4, 2009, it will slash 15,000 jobs and shut down 27 plants worldwide to cope with plunging demand for its TVs, semiconductors and other electronics products. (AP Photo/Katsumi Kasahara)
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