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Real News, Real Time

Market Review: Stocks Retreat on Fed Caution and Trade Uncertainty
Posted inEconomy

Market Review: Stocks Retreat on Fed Caution and Trade Uncertainty

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

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NATIONAL NEWS

  • Jim Jordan Says Republicans Will Be Able to Pass GOP House Rules PackageJim Jordan Says Republicans Will Be Able to Pass GOP House Rules Package
    By Jack Phillips Rep. Jim Jordan (R-Ohio) said Sunday that he expects Republicans can pass a House rules package that was changed during negotiations from holdouts during ...
  • White House Pushed Facebook to Censor Tucker Carlson on COVID-19 Vaccines: AG LandryWhite House Pushed Facebook to Censor Tucker Carlson on COVID-19 Vaccines: AG Landry
    By Tom Ozimek The White House pressured Facebook to take action against Fox News host Tucker Carlson for supposedly saying COVID-19 vaccines “don’t work,” according to a document released ...
  • McCarthy, Jeffries Launch 118th Congress With Preview of Intense Partisanship to ComeMcCarthy, Jeffries Launch 118th Congress With Preview of Intense Partisanship to Come
    By Mark Tapscott Newly elected Speaker of the House Kevin McCarthy (R-Calif.) launched his tenure leading the lower chamber of the 118th Congress by challenging colleagues in both political ...
  • Kevin McCarthy Elected as Speaker of the House for the 118th CongressKevin McCarthy Elected as Speaker of the House for the 118th Congress
    By Mark Tapscott and Madalina Vasiliu It took 15 votes beginning Jan. 3, but Rep. Kevin McCarthy (R-Calif.) finally gained enough votes to be elected ...
  • Biden Administration Admits Keystone Cancellation Cost Tens of Thousands of JobsBiden Administration Admits Keystone Cancellation Cost Tens of Thousands of Jobs
    By Tom Ozimek The Biden administration has released a congressionally required report on the jobs impact of the president’s decision to cancel the Keystone XL Pipeline, which ...
  • SHOT Show Coming to Las Vegas, Jan. 17-20SHOT Show Coming to Las Vegas, Jan. 17-20
    By Michael Clements Anyone involved in the firearms industry will want to be in Las Vegas Jan. 17-20 for the National Shooting Sports Foundation’s 45th annual SHOT Show, says NSSF’s ...
  • West Virginia Law Restricting Sports by Biological Sex Is Constitutional: JudgeWest Virginia Law Restricting Sports by Biological Sex Is Constitutional: Judge
    By Zachary Stieber A West Virginia law that prohibits people from participating on single-sex sports teams that don’t match their biological sex is constitutional, a judge ruled ...
  • Report on Congressional Stock Returns Raises Concerns About Insider Trading in WashingtonReport on Congressional Stock Returns Raises Concerns About Insider Trading in Washington
    By Liam Cosgrove The average U.S. legislator beat the S&P 500 Index by a wide margin in 2022, with two House representatives earning more than ...
  • Florida Takes Steps to Save Endangered Citrus Production, Protect Valuable Farm Land from Foreign BuyersFlorida Takes Steps to Save Endangered Citrus Production, Protect Valuable Farm Land from Foreign Buyers
    By Patricia Tolson In an aerial view of a fruit loader harvesting oranges at a grove in Fort Meade, Fla. on Feb. 1, 2022. (Joe ...
  • The Year 2023 Could See Mass Layoffs as Tech Job Cuts Soar 649 Percent From 2021The Year 2023 Could See Mass Layoffs as Tech Job Cuts Soar 649 Percent From 2021
    By Naveen Athrappully Tech companies laid off a large number of employees in 2022, with firms seemingly set to terminate even more employees this year ...
  • Damar Hamlin ‘Awake’ After On-Field Cardiac Arrest: TeammateDamar Hamlin ‘Awake’ After On-Field Cardiac Arrest: Teammate
    By Jack Phillips A teammate of Damar Hamlin said Thursday that the Buffalo Bills safety is awake, while his agent revealed he is holding hands with his family in ...
  • Longtime Democrat Senator Announces She Won’t Seek Another TermLongtime Democrat Senator Announces She Won’t Seek Another Term
    By Zachary Stieber Sen. Debbie Stabenow (D-Mich.) said she will step away from Congress at the end of her term, leaving an open seat as ...
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