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Matsushita Now Panasonic

Major Japanese electronics maker that rivals Sony Corp. said Wednesday it changed its name to Panasonic as expected.

NEW YORK (AP) -- Matsushita Electric Industrial Co., a major Japanese electronics maker that rivals Sony Corp., said Wednesday it changed its name to Panasonic Corp., as expected.

The company's ticker on the New York Stock Exchange has been changed to "PC" from "MC," effective immediately.

Last month, the company said it will stop using its Japanese brand name, "National," in favor of "Panasonic" and start a marketing campaign called "Hello Panasonic" in an effort to boost market share.

It expects to complete the changeover by the end of March 2010.

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