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Real News, Real Time

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

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

USNN World Newsby USNN World NewsMay 10, 2025May 10, 2025
FDA Approves 3 Natural Color Additives Amid Push to Remove Artificial Food Coloring
Posted inHealthcare

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

USNN World Newsby USNN World NewsMay 10, 2025May 10, 2025
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

Posts pagination

Newer posts 1 … 73 74 75 76 77 … 588 Older posts

NATIONAL NEWS

  • McCarthy Says Biden Might Have a ‘Secret Plan’ on Debt CeilingMcCarthy Says Biden Might Have a ‘Secret Plan’ on Debt Ceiling
    By Tom Ozimek As the debt ceiling standoff continues to grip Washington, House Speaker Kevin McCarthy (R-Calif.) said Monday that President Joe Biden might have a ...
  • GOP Presidential Candidates React to Durham Report: ‘Shut Down the FBI’GOP Presidential Candidates React to Durham Report: ‘Shut Down the FBI’
    By Savannah Hulsey Pointer and Ivan Pentchoukov Two Republican presidential candidates have responded to news that special counsel John Durham’s report further discredits the FBI’s ...
  • IRS Whistleblower Removed From Hunter Biden Criminal Investigation, at Request of DOJ, Attorneys SayIRS Whistleblower Removed From Hunter Biden Criminal Investigation, at Request of DOJ, Attorneys Say
    By Mimi Nguyen Ly The Internal Revenue Service (IRS) removed a whistleblower and his team from a criminal investigation into Hunter Biden’s taxes and business ...
  • Durham Report Reveals Massive Failures in FBI’s Investigation of TrumpDurham Report Reveals Massive Failures in FBI’s Investigation of Trump
    By Ivan Pentchoukov The FBI didn’t interview the people connected to the information that the agency used to open a full investigation of the Trump ...
  • 2 Dead, 5 Injured in Arizona Border Town Shooting; Police Searching for Suspect2 Dead, 5 Injured in Arizona Border Town Shooting; Police Searching for Suspect
    By Bill Pan A shooting in the border town of Yuma, Arizona, on Saturday night left two people dead and five others injured, police said. The ...
  • Biden Administration and GOP Lawmakers Trade Jabs Over Impending Debt Ceiling DeadlineBiden Administration and GOP Lawmakers Trade Jabs Over Impending Debt Ceiling Deadline
    By Ross Muscato As the United States hurtles yet again toward a deadline by which either its debt ceiling is raised or it defaults on ...
  • Big Banks to Pay Billions More in FDIC Fees After Bank FailuresBig Banks to Pay Billions More in FDIC Fees After Bank Failures
    By Jane Nguyen Big banks in the United States will bear billions of dollars in extra fees to replenish a deposit insurance fund that was ...
  • RFK Jr. Claims He Can Beat Joe Biden in 2024 PrimaryRFK Jr. Claims He Can Beat Joe Biden in 2024 Primary
    By Jack Phillips Democratic presidential candidate Robert F. Kennedy Jr. said that he believes he has a path to defeating President Joe Biden in a ...
  • Biden DOJ Asks Supreme Court to Dismiss Major GOP Election LawsuitBiden DOJ Asks Supreme Court to Dismiss Major GOP Election Lawsuit
    By Matthew Vadum The Biden administration asked the U.S. Supreme Court to dismiss a high-profile case in which Republicans want the court to recognize state ...
  • 10 Men Arrested in Ohio in Human Trafficking Operation, Illegal Immigrant Among Them10 Men Arrested in Ohio in Human Trafficking Operation, Illegal Immigrant Among Them
    By Mimi Nguyen Ly Ten men were recently arrested on charges related to human trafficking in North Olmsted, Ohio, as part of a sting operation. Among ...
  • Trump Likely Wins 2024 Despite ‘Campaign of Lawfare’ Against Him, Historian SaysTrump Likely Wins 2024 Despite ‘Campaign of Lawfare’ Against Him, Historian Says
    By Frank Fang Former President Donald Trump is likely to become the next U.S. president, according to Scottish-American historian Niall Ferguson. “A second Trump act is ...
  • Former Prosecutor Against Trump Takes the Fifth in Deposition Before GOP CommitteeFormer Prosecutor Against Trump Takes the Fifth in Deposition Before GOP Committee
    By Mimi Nguyen Ly Mark Pomerantz, a former Manhattan prosecutor who led an investigation into Trump’s finances, invoked his Fifth Amendment rights during his deposition ...
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