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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, 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

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NATIONAL NEWS

  • DOL Suspends Enforcement of Biden-Era Farmworker RuleDOL Suspends Enforcement of Biden-Era Farmworker Rule
    By Aldgra Fredly The Department of Labor said on Friday that it was suspending a Biden-era regulation aimed at providing workplace organizing protections to foreign ...
  • FCC Reviews ‘Internet of Things’ Accrediting Program Over China Security ConcernsFCC Reviews ‘Internet of Things’ Accrediting Program Over China Security Concerns
    By Lily Zhou The Federal Communications Commission (FCC) is reviewing a cybersecurity program over security concerns related to China, FCC Chairman Brendan Carr confirmed on ...
  • Trump Says Trade Deals Expected With India and PakistanTrump Says Trade Deals Expected With India and Pakistan
    By Tom Ozimek President Donald Trump said on June 20 that he expects the United States will sign trade deals with both India and Pakistan, ...
  • Senate Republicans Introduce Bill to Protect US Military Sites From Foreign AdversariesSenate Republicans Introduce Bill to Protect US Military Sites From Foreign Adversaries
    By Katabella Roberts Senate Republicans have introduced a bill aimed at protecting sensitive military sites across the United States from foreign adversaries such as China, ...
  • SpaceX Says No One Injured After Starship Explosion in TexasSpaceX Says No One Injured After Starship Explosion in Texas
    By Katabella Roberts A SpaceX Starship rocket exploded into a fireball during testing at a Starbase facility in southern Texas on Wednesday while on a ...
  • Karen Read’s 2nd Trial Ends With Not Guilty Verdict on Murder ChargeKaren Read’s 2nd Trial Ends With Not Guilty Verdict on Murder Charge
    By Bill Pan A Massachusetts jury on Wednesday found Karen Read not guilty in the death of her boyfriend, Boston police officer John O’Keefe, almost ...
  • General Mills Announces Removal of Synthetic Food Dyes, Starting With CerealsGeneral Mills Announces Removal of Synthetic Food Dyes, Starting With Cereals
    By Naveen Athrappully General Mills, which owns a wide range of snack and baked products in the United States, announced plans to remove food colors ...
  • Senate Passes Crypto Bill ‘Genius Act’ in Bipartisan VoteSenate Passes Crypto Bill ‘Genius Act’ in Bipartisan Vote
    By Andrew Moran and Nathan Worcester The Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins Act, commonly known as the Genius Act, ...
  • Former New York Assembly Candidate Charged With Campaign Finance FraudFormer New York Assembly Candidate Charged With Campaign Finance Fraud
    By Frank Fang A Chinese national allegedly stole around $162,000 in taxpayer money to fund his 2024 campaign for New York state Assembly by defrauding ...
  • Massive Manhunt for Suspect in Shooting of 2 Minnesota Lawmakers Enters 2nd DayMassive Manhunt for Suspect in Shooting of 2 Minnesota Lawmakers Enters 2nd Day
    By Jack Phillips A massive federal and state manhunt for a suspect accused of fatally shooting a Minnesota state lawmaker entered its second day on ...
  • Trump, Putin Discuss Israel-Iran Conflict in Phone CallTrump, Putin Discuss Israel-Iran Conflict in Phone Call
    By T.J. Muscaro President Donald Trump confirmed that he had a phone call with Russian President Vladimir Putin during which they discussed the ongoing conflict ...
  • Afghan Citizen Pleads Guilty to Planning Terror Attack on US Election DayAfghan Citizen Pleads Guilty to Planning Terror Attack on US Election Day
    By Naveen Athrappully An Afghan national pleaded guilty at a federal court in Oklahoma City to two offenses related to terrorism for plotting an attack ...
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