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Real News, Real Time

India and Pakistan Agree to US-Mediated Cease-Fire
Posted inWorld

India and Pakistan Agree to US-Mediated Cease-Fire

USNN World Newsby USNN World NewsMay 10, 2025June 6, 2025
Ukraine and Allies Call on Russia to Accept US Cease-Fire Proposal
Posted inWorld

Ukraine and Allies Call on Russia to Accept US Cease-Fire Proposal

USNN World Newsby USNN World NewsMay 10, 2025May 10, 2025
Judge Warns Trump’s Order May Violate Previous Ruling on Sanctuary Cities
Posted inImmigration

Judge Warns Trump’s Order May Violate Previous Ruling on Sanctuary Cities

USNN World Newsby USNN World NewsMay 10, 2025May 10, 2025
Warriors’ Steph Curry Addresses Hamstring Injury: ‘Hopefully I’ll Be Back Soon’
Posted inSports

Warriors’ Steph Curry Addresses Hamstring Injury: ‘Hopefully I’ll Be Back Soon’

USNN World Newsby USNN World NewsMay 9, 2025May 9, 2025
Ravens Release Justin Tucker, NFL’s All-Time Most Accurate Field Goal Kicker
Posted inSports

Ravens Release Justin Tucker, NFL’s All-Time Most Accurate Field Goal Kicker

USNN World Newsby USNN World NewsMay 9, 2025May 9, 2025
US Could Hit Debt Limit in August, Bessent Says
Posted inNational News

US Could Hit Debt Limit in August, Bessent Says

USNN World Newsby USNN World NewsMay 9, 2025October 25, 2025
Japanese electronics manufacturer Panasonic plans to terminate 10,000 workers globally as part of a reform to resolve “structural issues,” the company said in a May 9 statement. The layoffs target 5,000 Japanese employees and 5,000 overseas workers at Panasonic’s consolidated companies. Job cuts are set to be implemented mainly in fiscal year 2026, “in accordance with the labor laws, rules, and regulations of each country and region.” “The company will thoroughly review operational efficiency at each Group company, mainly in sales and indirect departments, and reevaluate the number of organizations and personnel actually needed,” said the statement. Story continues below advertisement Panasonic will also terminate loss-making businesses that have “no prospect of improving profit.” “Through these measures, the company will optimize our personnel on a global scale,” it said. The layoffs are part of Panasonic’s broader management reform. The company is banking on these measures in fiscal 2026 to “resolve its various structural issues.” Related Stories Homes for Sale in Washington Surge 25 Percent Amid Federal Layoffs 5/8/2025 Homes for Sale in Washington Surge 25 Percent Amid Federal Layoffs Layoffs Drop, Jobless Claims Climb Ahead of April Jobs Report 5/1/2025 Layoffs Drop, Jobless Claims Climb Ahead of April Jobs Report The management reform seeks to improve profit by a minimum of 150 billion yen—roughly $1 billion—in fiscal year 2027 compared to fiscal 2025. For the current fiscal year 2026, Panasonic expects structural reforms to cost the company 130 billion yen, approximately $900 million. In an April 10 statement, Yuki Kusumi, the CEO of Panasonic Group, highlighted the need to change the organizational culture in the company. “There is a deep-rooted tendency toward following the established framework once a decision has been made. If we are going to improve the efficiency and quality of our work, then we must become an organization that is constantly changing, with each individual taking the initiative to make changes,” he said. “I believe we need to advance to the stage where change is considered a virtue. To achieve this, it is extremely important that we avoid being constrained by deeply ingrained behaviors.” The layoff announcement came on May 9 as Panasonic reported its consolidated financial results for fiscal year 2025, which ended on March 31. Story continues below advertisement Sales were at 8,458.2 billion yen, approximately $58 billion, down 0.5 percent from a year ago, which was partly due to the impact of deconsolidation in the company’s automotive segment, said the earnings report. Operating profit jumped 18 percent year-over-year, partly due to higher sales. According to Panasonic, the global economy experienced a gradual slowdown during the fiscal year ending March 31. For fiscal year 2026, net sales are expected to decrease, with operating profit also forecast to fall. Potential impacts of tariffs from the United States were not included in the forecast. “The company continues to monitor the tariff situation and aims to minimize the resulting impact by taking measures from both short-term and medium- to long-term perspectives,” Panasonic said. In January, Panasonic Well, a division of the company, announced a plan to create “the first comprehensive wellness ecosystem” for families. “Families are at their breaking point as chronic stress, disconnection, and fragmented wellness solutions are taking a toll, and the call for help is loud and clear,” the company said. Panasonic’s wellness solution is expected to aid families in dealing with wellness issues and “help modern families thrive.”
Posted inEconomy

Panasonic Announces 10,000 Layoffs Worldwide

USNN World Newsby USNN World NewsMay 9, 2025May 9, 2025
DHS Says House Democrats and Protesters ‘Stormed’ ICE Detention Center
Posted inNational News

DHS Says House Democrats and Protesters ‘Stormed’ ICE Detention Center

USNN World Newsby USNN World NewsMay 9, 2025August 20, 2025
FEMA Confirms Acting Administrator Hamilton Has Been Replaced
Posted inNational News

FEMA Confirms Acting Administrator Hamilton Has Been Replaced

USNN World Newsby USNN World NewsMay 9, 2025August 19, 2025
Sheriff Scheffler’s Seismic Resurgence: First 2025 Win Secured, PGA Championship Looming
Posted inSports

Sheriff Scheffler’s Seismic Resurgence: First 2025 Win Secured, PGA Championship Looming

USNN World Newsby USNN World NewsMay 8, 2025May 8, 2025
Trump Says Upcoming US–China Trade Talks Could Result in Tariff Reductions
Posted inWorld

Trump Says Upcoming US–China Trade Talks Could Result in Tariff Reductions

USNN World Newsby USNN World NewsMay 8, 2025May 8, 2025
Cox Automotive Says Tariffs Impacted Wholesale Used Car Prices in April
Posted inEconomy

Cox Automotive Says Tariffs Impacted Wholesale Used Car Prices in April

USNN World Newsby USNN World NewsMay 8, 2025May 12, 2025

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Newer posts 1 … 100 101 102 103 104 … 615 Older posts

NATIONAL NEWS

  • Congressional Investigation Begins Into Federal Agencies Involved in Crafting ‘Coercive Policies’ to Carry Out Executive Order on Vaccine MandatesCongressional Investigation Begins Into Federal Agencies Involved in Crafting 'Coercive Policies' to Carry Out Executive Order on Vaccine Mandates
    By Matt McGregor The chairman of the Select Subcommittee on the Coronavirus Pandemic has launched an investigation into how four federal agencies carried out the ...
  • Jack Smith Admits Making False Claim to Court in Trump CaseJack Smith Admits Making False Claim to Court in Trump Case
    By Tom Ozimek Special Counsel Jack Smith’s team made a startling admission in its case against former President Donald Trump, acknowledging in a new court ...
  • The Legal Cases Against Trump ExplainedThe Legal Cases Against Trump Explained
    By Petr Svab Former President Donald Trump is running for the White House while facing three indictments and one more criminal investigation. Never before has ...
  • Trump Indicted on Jan. 6 ChargesTrump Indicted on Jan. 6 Charges
    By Janice Hisle Former President Donald Trump has been indicted on a third set of felony charges relating to the events of Jan. 6, 2021, ...
  • Fetterman Reveals Trump Still Strong in Pennsylvania: ‘Trump Signs Everywhere’Fetterman Reveals Trump Still Strong in Pennsylvania: 'Trump Signs Everywhere'
    By Jack Phillips Sen. John Fetterman (D-Pa.) stated that former President Donald Trump still enjoys significant support in Pennsylvania, adding that he sees “Trump signs ...
  • IRS Wants State Help With New Tax Return E-Filing Pilot Amid Privacy ConcernsIRS Wants State Help With New Tax Return E-Filing Pilot Amid Privacy Concerns
    By Tom Ozimek The Internal Revenue Service (IRS) is asking states for assistance with test-driving a new electronic free-file tax return system that will help ...
  • Biden Rejects Trump-Era Plan to Relocate Space Command HQ From Colorado to AlabamaBiden Rejects Trump-Era Plan to Relocate Space Command HQ From Colorado to Alabama
    By Bill Pan The headquarters of U.S. Space Command will remain in Colorado Springs, Colorado, instead of moving to Huntsville, Alabama, the White House confirmed ...
  • Tensions Rise in Georgia as Trump Case Decision Is Promised During AugustTensions Rise in Georgia as Trump Case Decision Is Promised During August
    By Janice Hisle For months, a Georgia prosecutor has been signaling that indictments could be on the horizon for former President Donald Trump and his ...
  • Trump Says He’s Expecting Jan. 6 Charges ‘Any Day Now’Trump Says He's Expecting Jan. 6 Charges 'Any Day Now'
    By Catherine Yang Former President Donald Trump wrote on Truth Social on Monday that he is expecting an indictment from the Jan. 6, 2021, Capitol breach investigation ...
  • Confidence in US Military at Lowest Point in 26 Years: Gallup PollConfidence in US Military at Lowest Point in 26 Years: Gallup Poll
    By Ryan Morgan Confidence in one of the most trusted institutions in the United States, the military, has fallen to its lowest point in more ...
  • Biden Had ‘Casual’ Conversations With Son’s Business Associates on Multiple Occasions, Devon Archer Tells LawmakersBiden Had 'Casual' Conversations With Son's Business Associates on Multiple Occasions, Devon Archer Tells Lawmakers
    By Joseph Lord and Jackson Richman Devon Archer, an associate of Hunter Biden, informed members of the House Oversight and Accountability Committee on July 31 ...
  • Devon Archer, Key Hunter Biden Associate, Arrives to Testify to CongressDevon Archer, Key Hunter Biden Associate, Arrives to Testify to Congress
    By Zachery Stieber A key associate of President Joe Biden’s son Hunter Biden arrived on Capitol Hill in Washington on July 31 to testify to ...
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