On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1230 AM Sioux Falls, SD 98.1 FM Sioux Falls, SD

Weather

Current Conditions(Sioux Falls,SD 57104)

More Weather »
61° Feels Like: 61°
Wind: S 16 mph Past 24 hrs - Precip: 0.03”
Current Radar for Zip

Tonight

Scattered Thunderstorms 56°

Tomorrow

Partly Cloudy 74°

Thurs Night

Partly Cloudy 57°

Alerts

Panasonic: in talks with potential partners to sell part of healthcare unit

Passers-by are reflected on a product of Panasonic Corp outside an electronics store in Tokyo May 9, 2013. REUTERS/Toru Hanai
Passers-by are reflected on a product of Panasonic Corp outside an electronics store in Tokyo May 9, 2013. REUTERS/Toru Hanai

TOKYO (Reuters) - Panasonic Corp said on Wednesday it is in talks with various potential partners to sell a part of its healthcare unit, through which it could raise as much as $1 billion.

The Japanese electronics maker, however, said it would like to keep a stake in the healthcare unit.

Panasonic reported a two-third increase in its operating profit in the April-June quarter as it reaps the benefits of shifting away from consumer electronics and into products for businesses, such as automotive systems and housing fixtures.

(Reporting by Mari Saito; Writing by Dominic Lau; Editing by Shinichi Saoshiro)

Comments