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Kazuhiro Tsuga, the newly appointed president of Panasonic Corp., said Wednesday the electronics giant will pursue growth on multiple business fronts in a rational way to survive harsh global competition.

The day after Panasonic announced that the 55-year-old will replace current President Fumio Otsubo, 66, Tsuga told a news conference in Tokyo: "We need to focus on how we can realize growth and profitability in all domains.

"We can't post growth without achieving 'rational growth' by removing inefficiency."

Tsuga said the company's goal has been to take revolutionary steps in fields related to the environment business.

"But we cannot depend only on the environment business," he added.

The Osaka-based company said Tuesday that Otsubo will step down and become chairman. Tsuga is currently a senior managing director and president of the firm's audiovisual products unit.

The change is to be formally approved at a general shareholders' meeting scheduled for June 27.

The shakeup came weeks after Panasonic forecast a 780 billion net loss, its biggest ever, for this business year to March due to the strong yen and slowing demand for its TV and semiconductor businesses.

At the same news conference, Otsubo said Panasonic will place importance on fast-growing emerging markets.

AP

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New Panasonic chief vows to chase profits

New Delhi, Feb 29 : The government will consult the law ministry on the notice sent to it by the Russian conglomerate Sistema threatening international arbitration proceedings if the government failed to resolve the issue of revocation of its licences within six months.

"Obviously every party involved, including the government, has the right to look at whatever the legal options are available to them. We do seek the opinion of the law ministry," R. Chandrashekhar, secretary DoT, told reporters at an event here Wednesday.

Sistema, which holds 56.68 percent stake in Sistema Shyam Teleservices (SSTL), has invested $3.1 billion in the country and stands to lose 21 licences following the Supreme Court's verdict earlier this month quashing 122 licences issued in 2008 for 2G spectrum services.

The firm has sent a formal letter through its legal counsel to the Indian government proposing to settle the dispute in an amicable way within six months.

While the letter has been sent to three Indian ministries -- Ministry of External Affairs, Ministry of Finance and Ministry of Communication and Information Technology, a copy of it has also been sent to the Indian Embassy in Moscow.

According to Sistema, under the bilateral investment treaty, the Indian government is obliged to promote and protect foreign investments, including treating the investments in a fair and equitable way.

"We have always maintained that all our investors including Sistema JSFC and Rosimushestvo, the Russian Federal Agency for State Property Management, are being penalized for acting in good faith and in reliance on the appropriateness of the procedures established by Indias telecommunications authorities," Vsevolod Rozanov, president and chief executive officer, SSTL said in a statement Tuesday.

"To protect its business, the company also plans to contest the Supreme court order by filing a review petition within this week before the highest court of the land," he added.

SSTL has over 15 million customers and employs over 3,500 people. (IANS)

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DoT to consult law ministry on Sistema's notice

29-02-2012 05:40 S1545 STEVE BRODERSEN REPORTS 022812 DWTS - THE DAY OF THE NEW CAST ANNOUNCEMENT REHEARSALS......... MARTINA NAVRATILOVA & TONY DOVOLANI TRISTAN MacMANUS GLADYS KNIGHT GAVIN DeGRAW ROSHAN FEGAN MARIA MENOUNOS KARINA SMIRNOFF

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NoB - Still In My Lane | Blurry Lights... Pt. III Of The III Dot Trilogy | *NEW* | [HD] | 2012 - Video

The North Dakota DOT is tonight advising no travel from Fargo to the South Dakota border, and authorities have closed I-29 from Watertown, South Dakota to the North Dakota border. With the storm moving north law enforcement is gearing up for what could be a busy night on the roads.

All of this has provoked the Cass County Sheriff's Office to open up its Tactical Operation's Center here in West Fargo, the very same one that worked 41 straight-days during last year's flood.

Sheriff Paul Laney Cass County: Once the visibility becomes next to nothing and the winds pick up, snow starts coming in, that's when issues will start coming in and rather than chase it, I believe in being in control of it.

The Tactical Operations Center will be staffed with a command officer and a call taker at all times. Both the Cass County Highway Department and the Highway Patrol will have supervisors here. Cass County Deputies will be stationed throughout the county and dispatched as needed.

Sheriff Paul Laney: It allows us to command and control our resources. We know where our people are at, we know where they are at at all times. It just makes things very smooth and very efficient.

Cass County Sheriff Paul Laney says the TOC was set up in less than an hour and will become much busier around 5 a.m. The Center will continue to operate until the storm, and the danger subsides.

Sheriff Laney: Once things ramp down and the roads are clear, we'll flip the light switch off and go back to normal operations.

There will also be Cass County deputies stationed in Casselton so they can reach all parts of the county quickly. Make sure to stay tuned to WDAY.com and WDAY'S First News for the latest weather information, cancellations and closings. We'll have live reports all morning with the very latest on what this storm is doing.

Tags: west fargo,cass county,bill schammert,news

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Cass County Sheriff sets up Tactical Operations Center