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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

  • Millions of Americans’ medical images and data left ‘unprotected’ online, investigation revealsMillions of Americans' medical images and data left 'unprotected' online, investigation reveals
    By Christopher Carbone | Fox News Medical images and health data belonging to millions of Americans — including X-rays and CT scans — are unprotected online and ...
  • Microsoft’s Bill Gates regrets Jeffrey Epstein meeting: ‘I wish I hadn’t’Microsoft's Bill Gates regrets Jeffrey Epstein meeting: 'I wish I hadn't'
    By Melissa Leon | Fox News Microsoft founder Bill Gates says he regrets ever meeting with convicted sex offender Jeffrey Epstein to discuss philanthropy, according to a ...
  • Major Democratic donor Ed Buck arrested, charged with running drug denMajor Democratic donor Ed Buck arrested, charged with running drug den
    By Edmund DeMarche | Fox News Ed Buck, the California Democratic megadonor, was arrested Tuesday and charged with operating a drug house after a ...
  • Car plows into lobby of Trump Plaza condominium complexCar plows into lobby of Trump Plaza condominium complex
    By Danielle Wallace | Fox News A car reportedly lost control and plowed through the lobby of a Trump Plaza condominium complex just outside of New York City Tuesday evening. TRUMP ...
  • RNC raises record-setting $23.5M in August, as GOP momentum buildsRNC raises record-setting $23.5M in August, as GOP momentum builds
    By Gregg Re | Fox News EXCLUSIVE: The Republican National Committee (RNC) is expected to announce this week that it raised a record-setting $23.5 million in August and had $53.8 ...
  • Iranian cruise missiles and drones used in Saudi oil facilities, US officials sayIranian cruise missiles and drones used in Saudi oil facilities, US officials say
    By Hollie McKay, Lucas Tomlinson | Fox News It has been more than three days since Saudi Arabia’s oil infrastructure was crippled and, as the investigation continues, fingers are pointing toward Iran as ...
  • Trump blitzes into California for major $15M fundraising push, irritating celebrities, activistsTrump blitzes into California for major $15M fundraising push, irritating celebrities, activists
    By Gregg Re | Fox News President Trump sent liberal California activists into a tizzy on Tuesday, as he executed a lunch-dinner-breakfast-lunch fundraising blitz expected to scoop up ...
  • OxyContin Maker Files for Bankruptcy, Faces Thousands of LawsuitsOxyContin Maker Files for Bankruptcy, Faces Thousands of Lawsuits
    BY BOWEN XIAO Pharmaceutical company Purdue Pharma—which made billions of dollars selling its prescription painkiller OxyContin—has filed for bankruptcy after giving way to financial pressure from thousands of ...
  • Father of Parkland shooting victim: ‘Guns didn’t kill my daughter, Democratic policies did’Father of Parkland shooting victim: 'Guns didn’t kill my daughter, Democratic policies did'
    By Yael Halon | Fox News On “No Interruption,” Fox Nation host Tomi Lahren sat down with Andrew Pollack, father of Parkland shooting victim Meadow Pollack. Pollack became an outspoken advocate for school safety since the Parkland shooting, and he ...
  • Jesse Watters on New York Times’ Kavanaugh report: ‘I think they made the mistake on purpose’Jesse Watters on New York Times' Kavanaugh report: 'I think they made the mistake on purpose'
    By Victor Garcia | Fox News Jesse Watters says he believes The New York Times reported, then corrected, questionable allegations against Supreme Court Judge Brett Kavanaugh deliberately, to push its anti-Trump agenda. “I ...
  • New York Times criticized from both sides of aisle over now-revised Kavanaugh allegationsNew York Times criticized from both sides of aisle over now-revised Kavanaugh allegations
    By Brian Flood | Fox News The New York Times has taken heat from both sides of the aisle for walking back its now-revised allegations against Supreme Court Justice Brett Kavanaugh ...
  • Washington Post says it passed on New York Times’ now-revised Kavanaugh storyWashington Post says it passed on New York Times’ now-revised Kavanaugh story
    By Brian Flood | Fox News The Washington Post has revealed it passed on a questionable story about Supreme Court Associate Justice Brett Kavanaugh back in 2018 because it “could not independently ...
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