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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

  • CCP-Linked Firms May Have Received More Than $400 Million in Virus Relief LoansCCP-Linked Firms May Have Received More Than $400 Million in Virus Relief Loans
    By Mark Tapscott Federal tax officials should launch a forensic audit and investigation of more than 125 U.S. firms with significant links to the Chinese ...
  • Abbott Calls on Democratic Party Official to Resign Following ‘Disgusting’ Racial Slur Against Sen. ScottAbbott Calls on Democratic Party Official to Resign Following ‘Disgusting’ Racial Slur Against Sen. Scott
    By Isabel Van Brugen Texas Gov. Greg Abbott on Sunday called on a state Democratic Party official to resign after he referred to Sen. Tim Scott (R-S.C.) as ...
  • Voters Advance 2 Republicans, No Democrats in Texas Special Election Runoff RaceVoters Advance 2 Republicans, No Democrats in Texas Special Election Runoff Race
    By Jack Phillips Two Republicans will advance to a runoff as the top two vote-getters in the race for Texas’s 6th Congressional District, after no one in the 23-candidate ...
  • Former Security Adviser: John Kerry Undermined Trump in Unapproved Iran TalksFormer Security Adviser: John Kerry Undermined Trump in Unapproved Iran Talks
    By Ivan Pentchoukov Former Secretary of State John Kerry repeatedly undercut President Donald Trump’s foreign policy towards Iran during unauthorized talks with senior Iranian officials, according to Keith Kellogg, the former ...
  • House Republicans Question Biden Administration on ‘Questionable’ Census ResultsHouse Republicans Question Biden Administration on ‘Questionable’ Census Results
    By Zachary Stieber A group of House Republicans questioned whether political interference contributed to what they describe as questionable results from the recently completed 2020 ...
  • Manchin Opposes Washington Statehood Bill, Says ‘Let the People of America Vote’Manchin Opposes Washington Statehood Bill, Says ‘Let the People of America Vote’
    By Tom Ozimek Sen. Joe Manchin (D-W.Va.) said Friday that he does not support a bill that would make Washington D.C. the nation’s 51st state, dealing a ...
  • Tennessee Legislature Passes Bill Requiring Watermarks on Absentee BallotsTennessee Legislature Passes Bill Requiring Watermarks on Absentee Ballots
    By Jack Phillips Tennessee’s Legislature approved a bill that requires the addition of a watermark on all absentee ballots in a nearly unanimous vote. Senate Bill 1314 passed ...
  • Twitter Stock Drops After Weak Quarter, Missing Target on User GrowthTwitter Stock Drops After Weak Quarter, Missing Target on User Growth
    By Jack Phillips Twitter’s stock dropped about 13 percent on Friday to $56.74 per share after the firm issued weak second-quarter guidance on revenue growth ...
  • John Kerry Financial Disclosures Show Millions in Income From Stocks, Including Oil CompaniesJohn Kerry Financial Disclosures Show Millions in Income From Stocks, Including Oil Companies
    By Tom Ozimek John Kerry, special presidential envoy on climate at the State Department, has disclosed millions of dollars in income from stocks—including of oil ...
  • McCarthy Says Biden’s Massive Tax-and-Spend Plans Make Bernie Sanders ‘Look Like a Conservative’McCarthy Says Biden’s Massive Tax-and-Spend Plans Make Bernie Sanders ‘Look Like a Conservative’
    By Tom Ozimek House Minority Leader Kevin McCarthy (R-Calif.) on Thursday sharply criticized President Joe Biden’s massive early-term spending proposals, comparing the president to one of ...
  • South Dakota Gov. Kristi Noem Sues Biden Admin Over Independence Day Fireworks CancellationSouth Dakota Gov. Kristi Noem Sues Biden Admin Over Independence Day Fireworks Cancellation
    By Samuel Allegri Republican South Dakota Gov. Kristi Noem sued the Biden administration on April 30 over their cancellation of Independence Day fireworks at Mount Rushmore this ...
  • NJ Lawmaker Proposes Using CARES Funds for Property Tax Relief Instead of Stimulus Payments for Illegal ImmigrantsNJ Lawmaker Proposes Using CARES Funds for Property Tax Relief Instead of Stimulus Payments for Illegal Immigrants
    By Ella Kietlinska New Jersey Assemblyman Gerry Scharfenberger, a Republican, proposed in April a bill urging the governor to reconsider diverting $40 million in federal ...
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