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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

  • Alan Dershowitz Asks Judge to Be Excused From Sanctions Linked to Kari Lake LawsuitAlan Dershowitz Asks Judge to Be Excused From Sanctions Linked to Kari Lake Lawsuit
    By Jack Phillips Retired Harvard University law professor Alan Dershowitz said he wasn’t part of the legal team that represented Kari Lake and Mark Finchem in connection to a ...
  • New York Gun Control Law Unconstitutional: NY Supreme CourtNew York Gun Control Law Unconstitutional: NY Supreme Court
    By Zachary Stieber The New York law that enables the confiscation of guns from people who haven’t committed a crime is unconstitutional, a state Supreme Court judge ...
  • 150,000 Votes in the 2020 Election Not Tied to a Valid Address in Wisconsin: Election Watchdog150,000 Votes in the 2020 Election Not Tied to a Valid Address in Wisconsin: Election Watchdog
    By Steven Kovac Election Watch (EW), a Wisconsin election integrity watchdog organization, has discovered that more than 150,000 votes cast in the 2020 presidential election ...
  • Trump Breaks Silence on McCarthy as Contender for House Speaker After Failed VotesTrump Breaks Silence on McCarthy as Contender for House Speaker After Failed Votes
    By Tom Ozimek Former President Donald Trump has thrown his weight behind Rep. Kevin McCarthy (R-Calif.) for House speaker ahead of a fourth round vote Wednesday after McCarthy failed ...
  • Kari Lake Files Petition to Transfer Election Lawsuit to Arizona Supreme CourtKari Lake Files Petition to Transfer Election Lawsuit to Arizona Supreme Court
    By Jack Phillips Arizona GOP candidate Kari Lake filed a petition to transfer her election case from Maricopa County to the Arizona Supreme Court over the past ...
  • McCarthy Fails in Votes for Speaker of the House; Bitter Battle Erupts Among GOPersMcCarthy Fails in Votes for Speaker of the House; Bitter Battle Erupts Among GOPers
    By Mark Tapscott and Madalina Vasiliu WASHINGTON—Chaos walked into the chamber of the U.S. House of Representatives Tuesday and made itself home as members of the new ...
  • Republicans Plan to Start a Committee to Probe ‘Weaponization of the Federal Government’Republicans Plan to Start a Committee to Probe ‘Weaponization of the Federal Government’
    By Tom Ozimek House Republicans want to investigate allegations of collusion between federal agencies and private companies, and, to that end, they’re looking to establish a ...
  • Pro-Trump MAGA Hat Is Free Speech: CourtPro-Trump MAGA Hat Is Free Speech: Court
    By Zachary Stieber A teacher who wore a “Make America Great Again” hat to school was engaging in constitutionally-protected free speech, a U.S. appeals court ...
  • Opposition to McCarthy Grows as House of Representatives Prepare to Elect New LeaderOpposition to McCarthy Grows as House of Representatives Prepare to Elect New Leader
    By Zachary Stieber The U.S. House of Representatives is set to elect a new leader on Jan. 3 as Republicans take control of the lower chamber. Speakers typically ...
  • General Motors Funds Transgenderism Efforts in Children’s ClassroomsGeneral Motors Funds Transgenderism Efforts in Children’s Classrooms
    By Bryan Jung General Motors (GM) provided a grant to a pro-transgender organization that supplies kindergarten and elementary classrooms with children’s books that support its ideology. The Detroit-based automaker ...
  • IRS Increases Deductible Costs for Mileage by 3 Cents per Mile in 2023IRS Increases Deductible Costs for Mileage by 3 Cents per Mile in 2023
    By The Center Square The optional standard rate for deductible costs for operating an automobile for business will increase to 65.5 cents per mile in ...
  • 2 Dead, Thousands Without Power in California After Storm Forces Evacuations2 Dead, Thousands Without Power in California After Storm Forces Evacuations
    By Katabella Roberts Two people have died and nearly 200,000 homes and businesses in Sacramento, California were without power on New Year’s Eve after a powerful storm bought flash flooding, mudslides, ...
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