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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

Posts pagination

Newer posts 1 … 71 72 73 74 75 … 586 Older posts

NATIONAL NEWS

  • Trump Bans New Visas for Foreign Nationals From 12 CountriesTrump Bans New Visas for Foreign Nationals From 12 Countries
    By T. J. Muscaro President Donald Trump on June 4 issued a full suspension on new visas for foreign nationals from a dozen countries applying ...
  • Trump Admin Notifies Congress It Is Eliminating US Agency for Global MediaTrump Admin Notifies Congress It Is Eliminating US Agency for Global Media
    By Jackson Richman The Trump administration has notified Congress it plans to close the U.S. Agency for Global Media (USAGM). In a letter to Senate Foreign ...
  • Former White House Press Secretary Karine Jean-Pierre Leaves Democratic PartyFormer White House Press Secretary Karine Jean-Pierre Leaves Democratic Party
    By Jacob Burg Former President Joe Biden’s longtime White House press secretary, Karine Jean-Pierre, said on June 4 that she has left the Democratic Party ...
  • Final Resting Place of Captain Cook’s ‘Endeavour’ Confirmed After Decades of SearchingFinal Resting Place of Captain Cook’s ‘Endeavour’ Confirmed After Decades of Searching
    By Crystal-Rose Jones A two-decade-long mission to confirm the final resting place of Captain James Cook’s famed vessel, His Majesty’s (HM) Bark Endeavour, has concluded ...
  • 2 Chinese Nationals Charged With Visa Fraud, Smuggling ‘Agroterrorism Weapon’ Into US2 Chinese Nationals Charged With Visa Fraud, Smuggling ‘Agroterrorism Weapon’ Into US
    By Catherine Yang Two Chinese nationals, including one who works at the University of Michigan, were charged on June 2 with visa fraud, conspiracy, making ...
  • US Sends Letters to Trade Partners to Seek ‘Best Offers’ by June 4US Sends Letters to Trade Partners to Seek ‘Best Offers’ by June 4
    By Austin Alonzo The U.S. trade representative is sending “friendly reminders” that a trade negotiation deadline is coming due, White House Press Secretary Karoline Leavitt ...
  • Boulder Attack Suspect’s Family Taken Into Federal Custody; Deportation May Be ImminentBoulder Attack Suspect’s Family Taken Into Federal Custody; Deportation May Be Imminent
    By Janice Hisle The White House says the family of the suspect in Sunday’s terror attack in Boulder, Colorado, might be deported from the United ...
  • Supreme Court Declines to Challenge Maryland ‘Assault Weapons’ BanSupreme Court Declines to Challenge Maryland ‘Assault Weapons’ Ban
    By Tom Ozimek The U.S. Supreme Court has declined to hear two high-profile challenges to state gun-control laws—one in Maryland banning semiautomatic rifles such as ...
  • Suspect in Colorado Attack on Jewish Protesters Charged With Federal Hate CrimeSuspect in Colorado Attack on Jewish Protesters Charged With Federal Hate Crime
    By Zachary Stieber The man authorities say carried out an attack on peaceful pro-Israel demonstrators in Colorado on June 1 has been charged by federal ...
  • Man Throws Firebombs at Pro-Israel Demonstrators in Colorado, 6 InjuredMan Throws Firebombs at Pro-Israel Demonstrators in Colorado, 6 Injured
    By Joseph Lord The FBI has named the suspect in a violent attack in Boulder, Colorado, as 45-year-old Mohamed Sabry Soliman, who allegedly used a ...
  • USDA Employee Among 6 Charged in One of the Largest Food Stamp Fraud Cases in US HistoryUSDA Employee Among 6 Charged in One of the Largest Food Stamp Fraud Cases in US History
    By Chase Smith A longtime U.S. Department of Agriculture employee and five others have been charged in a sprawling fraud and bribery scheme that authorities ...
  • Trump to Hold Press Conference With Musk on His Last Day as DOGE ChiefTrump to Hold Press Conference With Musk on His Last Day as DOGE Chief
    By Joseph Lord President Donald Trump announced on May 29 that he would hold a press conference the next day with Elon Musk, the outgoing ...
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