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Real News, Real Time

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, 2025May 9, 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
What We Know About the India–Pakistan Conflict
Posted inWorld

What We Know About the India–Pakistan Conflict

USNN World Newsby USNN World NewsMay 8, 2025June 26, 2025
Robert Francis Prevost Elected as First American Pope
Posted inBreaking News

Robert Francis Prevost Elected as First American Pope

USNN World Newsby USNN World NewsMay 8, 2025May 8, 2025
Police Arrest Pro-Palestinian Protesters Occupying Columbia University Library
Posted inBreaking News

Police Arrest Pro-Palestinian Protesters Occupying Columbia University Library

USNN World Newsby USNN World NewsMay 8, 2025May 26, 2025

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NATIONAL NEWS

  • Trump Signs ‘Big, Beautiful Bill’ Into Law During July 4 CelebrationTrump Signs ‘Big, Beautiful Bill’ Into Law During July 4 Celebration
    By Emel Akan WASHINGTON—President Donald Trump signed the One Big Beautiful Bill Act into law on July 4, celebrating both a major legislative victory and ...
  • Why Cities and Towns Pick Fireworks, Drones, or Both for Independence DayWhy Cities and Towns Pick Fireworks, Drones, or Both for Independence Day
    By Nanette Holt OCALA, Fla.—To boom or not to boom? That is the question coordinators of big community events face nowadays in planning Independence Day festivities. The ...
  • House Passes GOP Megabill, Sending Measure to Trump’s DeskHouse Passes GOP Megabill, Sending Measure to Trump’s Desk
    By Joseph Lord, Nathan Worcester, Lawrence Wilson and Jackson Richman WASHINGTON—The House of Representatives on July 3 passed the One Big Beautiful Bill Act to ...
  • Pentagon Pauses Some Arms Shipments to UkrainePentagon Pauses Some Arms Shipments to Ukraine
    By Jacob Burg The Pentagon announced on July 2 that it was pausing some shipments of weapons to Ukraine again, following more than three years ...
  • Trump Megabill Clears Rules Vote After Fiscal Conservatives PersuadedTrump Megabill Clears Rules Vote After Fiscal Conservatives Persuaded
    By Joseph Lord and Nathan Worcester WASHINGTON—After House Speaker Mike Johnson (R-La.) and Republican leaders spent hours scrambling to flip holdouts, President Donald Trump’s One ...
  • Trump, Noem Say CNN’s Coverage of ICE Tracking App Could Warrant ProsecutionTrump, Noem Say CNN’s Coverage of ICE Tracking App Could Warrant Prosecution
    By Tom Ozimek President Donald Trump on July 1 suggested that CNN should face possible prosecution both for reporting on a mobile app that alerts ...
  • DHS Announces $81.5 Billion in Customs Revenue From Trump’s TariffsDHS Announces $81.5 Billion in Customs Revenue From Trump’s Tariffs
    By Tom Ozimek The Department of Homeland Security said on June 30 that Customs and Border Protection (CBP) has collected more than $106 billion in ...
  • Senate Passes Megabill With Vance Casting Tie-BreakerSenate Passes Megabill With Vance Casting Tie-Breaker
    By Joseph Lord, Nathan Worcester, Jackson Richman, Lawrence Richman WASHINGTON—The Senate passed its version of the One Big Beautiful Bill Act at midday on July ...
  • Suspect in Idaho Ambush Identified, Along With 2 Firefighter VictimsSuspect in Idaho Ambush Identified, Along With 2 Firefighter Victims
    By Rudy Blalock A wildfire call on Canfield Mountain turned into a deadly ambush Sunday when two firefighters were killed and another wounded by gunfire. ...
  • Musk Vows to Primary Republicans Who Vote for GOP MegabillMusk Vows to Primary Republicans Who Vote for GOP Megabill
    By Joseph Lord Tesla and SpaceX CEO Elon Musk vowed on June 30 that he would primary any Republican who casts a vote for the ...
  • Senate Heads Toward Final Vote for Trump’s ‘Big Beautiful Bill’Senate Heads Toward Final Vote for Trump’s ‘Big Beautiful Bill’
    By Joseph Lord The Senate on Monday began the amendment process known as a vote-a-rama on the One Big Beautiful Bill Act ahead of the ...
  • DOJ Sues Los Angeles Over Sanctuary PoliciesDOJ Sues Los Angeles Over Sanctuary Policies
    By Jill McLaughlin The Trump administration sued the city of Los Angeles on June 30, alleging that the city’s sanctuary policies prohibited immigration officers from ...
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