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Real News, Real Time

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
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

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NATIONAL NEWS

  • Utah, Rhode Island Voters Select Nominees for Congressional ContestsUtah, Rhode Island Voters Select Nominees for Congressional Contests
    By Samantha Flom Special elections held Tuesday in Rhode Island and Utah narrowed the field of candidates for two hotly contested races for U.S. Congress. In ...
  • Judge Reverses Decision on Motion After Trump Attorneys Say She Broke Court RulesJudge Reverses Decision on Motion After Trump Attorneys Say She Broke Court Rules
    By Petr Svab Federal District Judge Tanya Chutkan, who oversees the election interference case against former President Donald Trump in Washington, D.C., revoked an earlier approval ...
  • Biden Admin Officials Subpoenaed Over Hunter Biden Tax Probe Tip-OffBiden Admin Officials Subpoenaed Over Hunter Biden Tax Probe Tip-Off
    By Tom Ozimek Six Biden administration officials have been hit with subpoenas by House Oversight Committee chairman James Comer (R-Ky.) over allegations that the Secret ...
  • Astronauts Return to Earth in SpaceX Capsule to Wrap up 6-Month Station MissionAstronauts Return to Earth in SpaceX Capsule to Wrap up 6-Month Station Mission
    By The Associated Press CAPE CANAVERAL, Fla.—Four astronauts returned to Earth early Monday after a six-month stay at the International Space Station. Their SpaceX capsule parachuted ...
  • Federal Court Strikes Down Alabama Congressional Map After Lawmakers Defy Court OrderFederal Court Strikes Down Alabama Congressional Map After Lawmakers Defy Court Order
    By Matthew Vadum A federal court on Sept. 5 struck down the Alabama Legislature’s congressional map that was drawn in July, finding that state lawmakers ...
  • All 19 Defendants Plead Not Guilty, Waive Arraignments in Georgia Election CaseAll 19 Defendants Plead Not Guilty, Waive Arraignments in Georgia Election Case
    By Samantha Flom All 19 defendants in Fulton County, Georgia, District Attorney Fani Willis’s 2020 election probe have pleaded not guilty to the charges against ...
  • Soros Foundation Worries Trump Win in 2024 Will ‘Imperil’ GlobalismSoros Foundation Worries Trump Win in 2024 Will 'Imperil' Globalism
    By Tom Ozimek George Soros’s foundation is worried that former President Donald Trump will win the 2024 election and undermine globalist “unity,” while warning of ...
  • Federal Deficit to Double to $2 Trillion Even as Biden Boasts Deficit-CuttingFederal Deficit to Double to $2 Trillion Even as Biden Boasts Deficit-Cutting
    By Tom Ozimek As President Joe Biden on Monday touted his apparent deficit-cutting mettle, a nonpartisan fiscal policy research group warned of an “unprecedented” explosion ...
  • ‘Dangerous’: Law Professor Sounds Alarm on Attempts to Disqualify Trump'Dangerous': Law Professor Sounds Alarm on Attempts to Disqualify Trump
    By Jack Phillips An attempt to disqualify former President Donald Trump from appearing on 2024 presidential ballots based on a theory derived from the Constitution’s ...
  • In Maui Fires, Defying Police Blockades Proved Life-SavingIn Maui Fires, Defying Police Blockades Proved Life-Saving
    By Allan Stein Christy Albinson still has nightmares. The nightmares of children are the worst, she says, nearly a month after the tragic Lahaina wildfire ...
  • Employees Foil Attempted Smash-and-Grab at California Jewelry StoreEmployees Foil Attempted Smash-and-Grab at California Jewelry Store
    By City News Service EL MONTE, Calif.—Nothing was taken during an attempted smash-and-grab robbery at a jewelry store in Los Angeles County, where a heavy-set ...
  • Nikki Haley Targets Elderly Politicians Who ‘Refuse to Give up Power’Nikki Haley Targets Elderly Politicians Who 'Refuse to Give up Power'
    By Jack Phillips GOP presidential candidate Nikki Haley doubled down on her call to mandate older politicians to take mental competency exams, coming after Senate Minority ...
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