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Real News, Real Time

Andre Agassi Wins His Professional Pickleball Debut With Partner Anna Leigh Waters
Posted inSports

Andre Agassi Wins His Professional Pickleball Debut With Partner Anna Leigh Waters

USNN World Newsby USNN World NewsMay 10, 2025May 10, 2025
Market Review: Stocks Retreat on Fed Caution and Trade Uncertainty
Posted inEconomy

Market Review: Stocks Retreat on Fed Caution and Trade Uncertainty

USNN World Newsby USNN World NewsMay 10, 2025May 10, 2025
Google to Pay $1.4 Billion to Texas, Settle Data Privacy Case
Posted inBusiness

Google to Pay $1.4 Billion to Texas, Settle Data Privacy Case

USNN World Newsby USNN World NewsMay 10, 2025May 10, 2025
FDA Approves 3 Natural Color Additives Amid Push to Remove Artificial Food Coloring
Posted inHealthcare

FDA Approves 3 Natural Color Additives Amid Push to Remove Artificial Food Coloring

USNN World Newsby USNN World NewsMay 10, 2025May 10, 2025
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

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NATIONAL NEWS

  • Social Security Announces Largest Benefits Increase Since 1982Social Security Announces Largest Benefits Increase Since 1982
    By Joseph Lord As inflation continues to climb, the Social Security Administration (SSA) has announced that social security recipients will see a 5.9 percent increase in their ...
  • FAA Dismisses Claims Weekend Flight Cancellations Were Related to Vaccine MandatesFAA Dismisses Claims Weekend Flight Cancellations Were Related to Vaccine Mandates
    By Christopher Burroughs The Federal Aviation Administration (FAA) announced the numerous flight cancellations at Southwest Airlines and other airlines over the weekend were not related to vaccine ...
  • Republicans Warn Biden’s IRS $600 Disclosure Plan Could Lead to ‘Surveillance State’Republicans Warn Biden’s IRS $600 Disclosure Plan Could Lead to ‘Surveillance State’
    By Masooma Haq Republicans are sounding the alarm over a proposal tucked inside the Democrats’ 2,500-page $3.5 trillion Build Back Better Act that would expand the ...
  • Texas Governor Issues Executive Order Banning Vaccine Mandates by Any EntityTexas Governor Issues Executive Order Banning Vaccine Mandates by Any Entity
    By Mimi Nguyen Ly Texas Gov. Greg Abbott on Monday issued an executive order that bans vaccine mandates by any entity, including private employers, in the ...
  • Oregon Senators Call for Investigation Into Alleged COVID-19 Statistical ManipulationOregon Senators Call for Investigation Into Alleged COVID-19 Statistical Manipulation
    By Tammy Hung Oregon state Sens. Kim Thatcher and Dennis Linthicum, both Republicans, have petitioned Acting U.S. Attorney Scott E. Asphaug to launch a grand jury investigation into ...
  • NYC’s Unvaccinated Teachers Need to Waive Right to Sue for 1 Year of Health BenefitsNYC’s Unvaccinated Teachers Need to Waive Right to Sue for 1 Year of Health Benefits
    By Petr Svab Aside from being put on unpaid leave, New York City teachers who’ve declined to get the COVID-19 vaccine won’t be allowed to keep their ...
  • Georgia Official Urges DOJ to Investigate Fulton Voter After Two Fired for Allegedly Shredding Voting ApplicationsGeorgia Official Urges DOJ to Investigate Fulton Voter After Two Fired for Allegedly Shredding Voting Applications
    By Zachary Stieber Georgia Secretary of State Brad Raffensperger on Monday called on the U.S. Department of Justice to investigate Fulton County after the county fired two workers ...
  • Southwest Airlines Pilots Union Sues to Block COVID-19 Vaccination MandateSouthwest Airlines Pilots Union Sues to Block COVID-19 Vaccination Mandate
    By Jack Phillips A union representing thousands of Southwest Airlines pilots filed a lawsuit against the carrier after the company announced mandatory COVID-19 vaccination requirements. In ...
  • Biden’s $600 IRS Taxpayer Reporting Proposal ‘Massive Invasion of Financial Privacy’: Bank Association ExecBiden’s $600 IRS Taxpayer Reporting Proposal ‘Massive Invasion of Financial Privacy’: Bank Association Exec
    By Tom Ozimek The proposed bank account reporting law drawn up by the Biden administration is a violation of Americans’ financial privacy and is a costly regulatory burden ...
  • Used-Car Prices Soar to Record High Amid New-Vehicle Inventory SlumpUsed-Car Prices Soar to Record High Amid New-Vehicle Inventory Slump
    By Tom Ozimek Wholesale used car prices hit a record high in September with the chip shortage and other supply constraints squeezing new-vehicle inventories and ...
  • Oil Up as Industries Switch From Gas, Little Sign Supply Crunch EasingOil Up as Industries Switch From Gas, Little Sign Supply Crunch Easing
    By Reuters Oil prices rose on Friday, and were on track for gains of nearly 5 percent this week, on signs some industries have begun switching fuel from ...
  • Virginia Judge Hands Victory to Parents, Sides Against Prosecutor on School Board RecallVirginia Judge Hands Victory to Parents, Sides Against Prosecutor on School Board Recall
    By Jack Phillips A Virginia-based parent group attempting to oust five Loudoun County School Board members was given a small win after a Loudoun County Circuit Court judge ...
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