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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

  • California Chaos: Gov. Gavin Newsom grapples with wildfires, blackouts and moreCalifornia Chaos: Gov. Gavin Newsom grapples with wildfires, blackouts and more
    By Andrew O’Reilly | Fox News Despite coming into office with a budget surplus of around $36 billion and enjoying favorable approval ratings, California Gov. Gavin Newsom’s first year ...
  • GOP reps say Schiff stopped impeachment witness from answering certain GOP questionsGOP reps say Schiff stopped impeachment witness from answering certain GOP questions
    By Tyler Olson | Fox News House Republican leaders, in a fiery press conference Tuesday, said House Intelligence Committee Chairman Rep. Adam Schiff, D-Calif., prevented a witness in the latest impeachment hearing ...
  • Most of broadcast TV’s Trump impeachment coverage relies on anonymous sources, study findsMost of broadcast TV's Trump impeachment coverage relies on anonymous sources, study finds
    By Joseph A. Wulfsohn | Fox News A new study has found that the majority of coverage dedicated to the ongoing impeachment inquiry into President Trump is based on ...
  • ‘Outnumbered’ hosts rip Elizabeth Warren for ‘dodging’ questions about paying for ‘Medicare-for-All’'Outnumbered' hosts rip Elizabeth Warren for 'dodging' questions about paying for 'Medicare-for-All'
    By David Montanaro | Fox News The “Outnumbered” hosts debated Tuesday whether Sen. Elizabeth Warren’s presidential ambitions will be sunk by her inability to explain how her “Medicare-for-All” plan will be paid for. Warren, ...
  • Dems introduce resolution formalizing impeachment inquiry proceduresDems introduce resolution formalizing impeachment inquiry procedures
    By Gregg Re | Fox News House Democrats on Tuesday introduced a resolution to formalize their impeachment inquiry and adopt rules to govern the proceedings, following sustained complaints by congressional Republicans ...
  • Piers Morgan blasts Trump critics after al-Baghdadi raid: They ‘shamed themselves and shamed their country’Piers Morgan blasts Trump critics after al-Baghdadi raid: They 'shamed themselves and shamed their country'
    By Charles Creitz | Fox News Many of President Trump’s critics shamed both themselves and the United States when they refused to acknowledge a White House victory after ISIS leader ...
  • Hannity: Reports on alleged FISA abuse and origins of Russia probe will ‘shock the conscience and soul of the nation’Hannity: Reports on alleged FISA abuse and origins of Russia probe will ‘shock the conscience and soul of the nation'
    By Yael Halon | Fox News Fox News primetime host Sean Hannity said the release of investigations into the FBI and Justice Department probes of President Trump and his ...
  • Ex-Bolton deputy skipping deposition suggests ‘maybe’ impeachment push is viewed as ‘illegitimate,’ Rep Andy Biggs saysEx-Bolton deputy skipping deposition suggests 'maybe' impeachment push is viewed as 'illegitimate,' Rep Andy Biggs says
    By Joshua Nelson | Fox News After a former deputy to onetime National Security Adviser John Bolton took legal action against Democrats for their ...
  • History will judge Democrats harshly for impeachment of Trump, Ken Starr saysHistory will judge Democrats harshly for impeachment of Trump, Ken Starr says
    By Nick Givas | Fox News History will judge congressional Democrats harshly for their handling of President Trump’s impeachment inquiry due to their lack of ...
  • Katie Hill paid $5G bonus to alleged male lover, used ‘influence’ to get jobs for husband: reportsKatie Hill paid $5G bonus to alleged male lover, used ‘influence’ to get jobs for husband: reports
    By Dom Calicchio | Fox News U.S. Rep. Katie Hill, the California Democrat embroiled in a legal battle over the publication of nude photos, and facing a House ethics probe over an ...
  • FBI agents probing Michael Flynn acted with ‘nefarious’ intent in manipulating records, says Jason ChaffetzFBI agents probing Michael Flynn acted with 'nefarious' intent in manipulating records, says Jason Chaffetz
    By Julia Musto | Fox News FBI agents handling former national security adviser Michael Flynn’s 2017 interview had seemingly “nefarious” intent in editing official records, Fox News contributor Jason Chaffetz said Saturday. Chaffetz, a Republican ...
  • Trump Says He Was ‘Not Involved’ in DOJ’s Criminal Investigation Into Origins of Russia ProbeTrump Says He Was ‘Not Involved’ in DOJ’s Criminal Investigation Into Origins of Russia Probe
    By Janita Kan President Donald Trump said he was not involved in the Justice Department’s decision to expand their review of the surveillance of the Trump campaign ...
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