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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

  • Biden’s Agenda for US Military in 2023 Transforms the Institution to an Unprecedented Degree, Analysts SayBiden’s Agenda for US Military in 2023 Transforms the Institution to an Unprecedented Degree, Analysts Say
    By Michael Washburn News Analysis The Biden administration’s efforts to revise and extend radical policies affecting the culture of the U.S. military and the status of ...
  • Marianne Williamson Confirms Presidential BidMarianne Williamson Confirms Presidential Bid
    By Gary Bai Marianne Williamson, progressive activist and author of multiple self-help books, became the first Democratic candidate to enter in the 2024 presidential race ...
  • Railroad Company Linked to Toxic Train Crash Helped Fund Ohio Governor’s Campaigns: ReportRailroad Company Linked to Toxic Train Crash Helped Fund Ohio Governor’s Campaigns: Report
    By Jeff Louderback Ohio Gov. Mike DeWine, who authorized an end to the evacuation order of East Palestine two days after a controlled burn sent ...
  • Republican House Judiciary Committee Members Gear up for ‘Fight’ to Secure Southern BorderRepublican House Judiciary Committee Members Gear up for ‘Fight’ to Secure Southern Border
    By Allan Stein YUMA, Ariz.—House Judiciary Committee Chairman Jim Jordan (R-Ohio) said he wasn’t surprised no Democrats attended the committee’s second hearing on the southern border crisis in Yuma ...
  • Rancher Accused of Shooting Mexican National at His Border Property Released From JailRancher Accused of Shooting Mexican National at His Border Property Released From Jail
    By Mimi Nguyen Ly An elderly Arizona rancher who is accused of killing a Mexican national at his border property has been released from Santa Cruz County ...
  • New York City Business Hires K-9 Units Amid Rise in Shoplifting TheftsNew York City Business Hires K-9 Units Amid Rise in Shoplifting Thefts
    By Katabella Roberts Amid a surge in shoplifting crimes in New York City, one of the Big Apple’s largest shopping districts has hired K-9 units in an effort to ...
  • Major Association of US Doctors Makes Official Statement on Transgender Procedures for MinorsMajor Association of US Doctors Makes Official Statement on Transgender Procedures for Minors
    By Mimi Nguyen Ly The Association of American Physicians and Surgeons (AAPS) is warning about “unknown and unknowable long-term risks” it says are inherent to “gender-affirming ...
  • Gun-Toting Wing of IRS Wants to ‘Put the Fear of God in People’: Ex-AgentGun-Toting Wing of IRS Wants to ‘Put the Fear of God in People’: Ex-Agent
    By Tom Ozimek As the Internal Revenue Service seeks to bolster the ranks of its weapon-carrying Criminal Investigation unit, a former special agent described the ...
  • Ethics Complaint Filed Against California Rep. Katie Porter Claims She Misused Official Resources in 2022 Reelection CampaignEthics Complaint Filed Against California Rep. Katie Porter Claims She Misused Official Resources in 2022 Reelection Campaign
    By Mark Tapscott A nonprofit government ethics watchdog claims that Rep. Katie Porter (D-Calif.), who is running to succeed Sen. Diane Feinstein in the 2024 ...
  • Senate Republicans Introduce Legislation Prohibiting IRS From Conducting Financial Surveillance on Private CitizensSenate Republicans Introduce Legislation Prohibiting IRS From Conducting Financial Surveillance on Private Citizens
    By Mark Tapscott Thirty-one of the Senate’s 49 Republicans are co-sponsoring a bill to nullify a Biden administration proposal by banning the IRS from conducting surveillance on ...
  • Trump Delivers Bottled Water During Visit to Ohio’s Toxic Derailment Site, Criticizes Biden Admin’s ResponseTrump Delivers Bottled Water During Visit to Ohio’s Toxic Derailment Site, Criticizes Biden Admin’s Response
    By Samantha Flom Former President Donald J. Trump met with East Palestine, Ohio, residents and officials on Feb. 22, to provide much-needed bottled water and cleaning supplies ...
  • Trump Buys Food for Residents, Firemen at East Palestine McDonald’s: ‘We’re Going to Take Care’ of ThemTrump Buys Food for Residents, Firemen at East Palestine McDonald’s: ‘We’re Going to Take Care’ of Them
    By Katabella Roberts Former President Donald Trump purchased McDonald’s for police and fire department members as well as residents during his visit to East Palestine, Ohio on ...
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