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Business

Google to Pay $1.4 Billion to Texas, Settle Data Privacy Case

by USNN World NewsMay 10, 2025May 10, 2025

Healthcare

FDA Approves 3 Natural Color Additives Amid Push to Remove Artificial Food Coloring

by USNN World NewsMay 10, 2025May 10, 2025

World

India and Pakistan Agree to US-Mediated Cease-Fire

by USNN World NewsMay 10, 2025June 6, 2025

World

Ukraine and Allies Call on Russia to Accept US Cease-Fire Proposal

by USNN World NewsMay 10, 2025May 10, 2025

Immigration

Judge Warns Trump’s Order May Violate Previous Ruling on Sanctuary Cities

by USNN World NewsMay 10, 2025May 10, 2025

Sports

Warriors’ Steph Curry Addresses Hamstring Injury: ‘Hopefully I’ll Be Back Soon’

by USNN World NewsMay 9, 2025May 9, 2025

National News

US Could Hit Debt Limit in August, Bessent Says

by 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.”

Economy

Panasonic Announces 10,000 Layoffs Worldwide

by USNN World NewsMay 9, 2025May 9, 2025

National News

DHS Says House Democrats and Protesters ‘Stormed’ ICE Detention Center

by USNN World NewsMay 9, 2025August 20, 2025

National News

FEMA Confirms Acting Administrator Hamilton Has Been Replaced

by USNN World NewsMay 9, 2025August 19, 2025

Sports

Sheriff Scheffler’s Seismic Resurgence: First 2025 Win Secured, PGA Championship Looming

by USNN World NewsMay 8, 2025May 8, 2025

NATIONAL NEWS

Louisville protests descend into chaos when armed protester accidentally shoots members of his group, injuring 3

By Vandana Rambaran | Fox News Three people were injured in Baxter Square Park, police said. Gunshots erupted during a planned protest in Louisville, Ky., Saturday and three members of ...

Washington Post settles Nicholas Sandmann defamation lawsuit in Covington Catholic High School controversy

By Joseph A. Wulfsohn | Fox News ‘I turned 18 & WaPo settled my lawsuit,’ Sandmann announced on Twitter. The Washington Post is the latest news organization to ...

More than 2,000 Portland demonstrators take to street for 57th night in a row, clash with feds

By Stephanie Pagones | Fox News Police say crowd threw Molotov cocktails, lit fires in a park and in trash cans. More than 2,000 people flooded downtown Portland overnight during the ...

Most Chicago homicide victims over the past decade are Black, police data show

By Louis Casiano, Stephanie Pagones | Fox News The Trump administration is planning to deploy federal agents to the city. As gun violence in Chicago increased exponentially over the past decade, African ...

Charlamagne Tha God says Biden should ‘shut the eff up forever’ after calling Trump ‘first’ racist POTUS

By Joseph A. Wulfsohn | Fox News ‘Joe, you got to hurry up and announce your Black woman VP so I can be enthused about voting for ...

Trump campaign says president’s postponed NH rally could happen by mid-August

By Paul Steinhauser | Fox News Rally was going to be Trump’s second amid the coronavirus pandemic. PORTSMOUTH, N.H. – A senior Trump reelection campaign adviser says he’s “hopeful” President Trump’s postponed New ...

Black Marine vet holds US flag high amid chaotic Portland protest, gets followed home by Antifa

By Teny Sahakian | Fox News He says ‘terrorists’ have infiltrated the Black Lives Matter movement. For more than 50 nights, Gabriel Johnson, 48, a retired Marine, has ...

Chicago native sounds the alarm: ‘Something has to happen’ to stop the violence

By Joshua Nelson | Fox News An advisory board member for Black Voices for Trump said on Thursday that Black Americans in Chicago are not safe due to the rampant gun ...

Biden campaign clarifies claim Trump ‘first’ racist president, after past slave owners noted

By Ronn Blitzer | Fox News Biden’s comment drew instant criticism. Joe Biden’s campaign has clarified a statement from the presumptive Democratic presidential nominee that President Trump is the “first” ...

Protest mobs turn on liberal urban mayors, rejecting their support and demanding resignations

By Adam Shaw | Fox News ‘Tear Gas Ted has got to go,’ protesters chant. Portland Mayor Ted Wheeler on Wednesday was booed, heckled and called a “fascist” by ...

CNN’s Chris Cuomo’s attempt to call out Ted Cruz gets quick response

By Brie Stimson | Fox News ‘When you air the interviews you already have, then maybe we can discuss new ones. #FakeNews,’ he tweeted. Sen. Ted Cruz, R-Texas, called out CNN’s ...

Lockdowns were ‘big mistake,’ crippled economy and haven’t ‘done much’ to curb COVID-19: Rand Paul

By Talia Kaplan | Fox News ‘I see nothing to be admired in New York’s lockdown,’ Paul says. Sen. Rand Paul, R-Ky., told “Fox News Rundown” podcast on Wednesday that he ...