TOKYO (AP) — Japanese consumer electronics giant Panasonic Corp. says net profit surged more than eight-fold last quarter, helped by the weaker yen and strength in the company's automotive and housing-related businesses.
The 107.8 billion yen ($1.1 billion) profit in April-June compared with a 12.8 billion net profit in the same period a year earlier, an increase of 842 percent.
The Osaka-based company, which makes Viera TVs and Lumix digital cameras, is battling plunging prices and weak sales of its mainstay electronics products. It says it is making progress in trimming its unprofitable businesses.
Sales rose 1 percent to 1.82 trillion yen ($18.5 billion). An 8 percent increase in overseas sales helped offset a 6 percent decline in domestic revenue.
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The U.S. Grand Prix race in Austin next year will be held Nov. 2 and F1 weekend will not coincide with a UT Longhorns home football game.
One woman died early Wednesday after several shots were fired at a North Austin mechanic shop.
The Texas Department of Public Safety along with the U.S. Drug Enforcement agency and local authorities raided what they said Wednesday was a methamphetamine operation based in Burnet County.
UPDATE // The two teenage girls missing since Saturday night were found safe at 2:30 a.m. Wednesday, Leander police said.
FEMA teams will be back in Southeast Austin to assess damage to public property like roads, bridges, and parks.
State Sen. Wendy Davis, a 2014 Democratic candidate for Texas governor, released her tax returns for the past three years.