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Panasonic Gains After Saying It May Cut More Jobs: Tokyo Mover

Panasonic Corp., the Japanese TV maker that eliminated 36,000 jobs last fiscal year, rose in Tokyo trading after the company said it’s considering restructuring operations and cutting jobs.

The stock gained as much as 3.3 percent to 533 yen and traded at 526 yen as of 10:06 a.m. on the Tokyo Stock Exchange, while Japan’s benchmark Nikkei 225 Stock Average slid 0.5 percent.