You can get the current PanoramaItem by using the SelectedItem property. You don't need to get the name to delete it.
PanoramaItem currentItem = myPanorama.SelectedItem as PanoramaItem;
if(currentItem != null)
{
//if you want the name for other reasons
string name = currentItem.Name;
//Items returns an ItemsCollection object
myPanorama.Items.Remove(currentItem);
}