Panasonic annual profit slides, but Tesla battery venture logs second quarterly gain
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TOKYO (Reuters) - Japan's Panasonic Corp posted on Monday a 29% drop in annual operating profit amid the coronavirus outbreak but said its battery cells joint venture with major customer Tesla Inc logged a second straight quarterly profit.Panasonic did not issue an earnings forecast for the current year due to uncertainty from the virus, joining a number of Japanese electronics companies, including Sony Corp and Canon Inc , in refraining from providing outlooks.Operating profit for the year..