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Real News, Real Time

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
What We Know About the India–Pakistan Conflict
Posted inWorld

What We Know About the India–Pakistan Conflict

USNN World Newsby USNN World NewsMay 8, 2025June 26, 2025
Robert Francis Prevost Elected as First American Pope
Posted inBreaking News

Robert Francis Prevost Elected as First American Pope

USNN World Newsby USNN World NewsMay 8, 2025May 8, 2025
Police Arrest Pro-Palestinian Protesters Occupying Columbia University Library
Posted inBreaking News

Police Arrest Pro-Palestinian Protesters Occupying Columbia University Library

USNN World Newsby USNN World NewsMay 8, 2025May 26, 2025

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NATIONAL NEWS

  • CNN slammed for Trump, Comey fact-checker gaffe: ‘Unacceptable for a news organization’CNN slammed for Trump, Comey fact-checker gaffe: ‘Unacceptable for a news organization’
    By Brian Flood | Fox News CNN came under fire on Thursday when its in-house fact-checker reported President Trump “falsely claims former FBI Director James ...
  • Impeachment witness Vindman fired by National Security Council after Trump acquittalImpeachment witness Vindman fired by National Security Council after Trump acquittal
    By John Roberts, Brooke Singman | Fox News Lt. Col. Alexander Vindman, who made waves as an impeachment witness, was fired Friday by the National ...
  • Appeals court hands Trump win, rules Dem lawmakers cannot sue over business paymentsAppeals court hands Trump win, rules Dem lawmakers cannot sue over business payments
    By Bill Mears, Brooke Singman | Fox News A federal appeals court on Friday unanimously ruled that more than 200 Democratic congressional lawmakers do ...
  • Top Democrat calls for audit of Iowa caucuses as problems delay final tallyTop Democrat calls for audit of Iowa caucuses as problems delay final tally
    By Amanda Becker, Michael Martina WASHINGTON/MANCHESTER, N.H. (Reuters) – Democratic National Committee Chairman Tom Perez on Thursday called for an audit of the ...
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    By Andrew O’Reilly | Fox News Six staffers of color working in the early voting state of Nevada have reportedly left Sen. Elizabeth Warren’s campaign ...
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    By Ronn Blitzer | Fox News Fresh off the Senate impeachment trial that resulted in President Trump’s acquittal, Sen. Rick Scott, R-Fla., is calling for ...
  • Bret Baier: Trump speech celebrating Senate acquittal ‘unlike anything we’ve ever seen’Bret Baier: Trump speech celebrating Senate acquittal 'unlike anything we've ever seen'
    By Julia Musto | Fox News President Trump’s speech reacting to his acquittal in the Senate impeachment trial was “unlike anything we’ve ever seen,” “Special ...
  • Trump condemns ‘evil’ impeachment after Senate acquittal: ‘It was a disgrace’Trump condemns ‘evil’ impeachment after Senate acquittal: ‘It was a disgrace’
    By Brooke Singman | Fox News President Trump, commanding a triumphant scene at the White House complete with the playing of “Hail to ...
  • Trump proudly displays ‘Acquitted’ headlines, mere feet from Pelosi at prayer breakfastTrump proudly displays 'Acquitted' headlines, mere feet from Pelosi at prayer breakfast
    By Brooke Singman | Fox News President Trump proudly displayed two newspapers with blaring “Acquitted” headlines Thursday morning, waving them before a National Prayer Breakfast audience ...
  • Sanders, Buttigieg Neck and Neck in Iowa Caucus With Nearly All Results InSanders, Buttigieg Neck and Neck in Iowa Caucus With Nearly All Results In
    By Zachary Stieber Former South Bend Mayor Pete Buttigieg and Sen. Bernie Sanders (I-Vt.) were neck and neck in the Democratic Iowa caucuses with just 3 ...
  • Space Force vice commander: Service members won’t be called ‘spacemen’Space Force vice commander: Service members won't be called 'spacemen'
    By Louis Casiano | Fox News Members of the newly created Space Force still don’t have a title, officials said Wednesday, while also saying they won’t be referred to as ...
  • Trump jabs at Dems, Mitt Romney with ‘Love Hurts,’ ‘Democrat secret asset’ videosTrump jabs at Dems, Mitt Romney with 'Love Hurts,' 'Democrat secret asset' videos
    By Joseph A. Wulfsohn | Fox News President Trump targeted Sen. Mitt Romney, R-Utah., and congressional Democrats in a string of videos posted to his Twitter account Wednesday — the day ...
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