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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

Posts pagination

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NATIONAL NEWS

  • CBP Seizes Shipment Containing 50,000 Fake Apple AirPods, 920 Nintendo Video Game Consoles From ChinaCBP Seizes Shipment Containing 50,000 Fake Apple AirPods, 920 Nintendo Video Game Consoles From China
    By Katabella Roberts Customs agents working at the Port of Houston seized a shipment containing 50,000 fake Apple AirPods and 920 Nintendo video game consoles early last ...
  • Judge Gives FDA Just Over 8 Months to Produce Pfizer’s Safety DataJudge Gives FDA Just Over 8 Months to Produce Pfizer’s Safety Data
    By Mimi Nguyen Ly A federal judge on Thursday ordered the U.S. Food and Drug Administration to produce, at a rate of 55,000 pages per ...
  • Ghislaine Maxwell sex trafficking conviction in jeopardy over juror’s behavior, say expertsGhislaine Maxwell sex trafficking conviction in jeopardy over juror's behavior, say experts
    By Barnini Chakraborty, Senior Investigations Reporter Legal experts say the conviction of Ghislaine Maxwell on sex trafficking charges could be tossed following revelations that a juror admitted ...
  • New York Protesters Rally Against Vaccine Bills in Albany: ‘We Need Civil Disobedience in This Country’New York Protesters Rally Against Vaccine Bills in Albany: ‘We Need Civil Disobedience in This Country’
    By Bill Pan ALBANY, New York—New York state lawmakers returning for the 2022 legislative session were met with hundreds of demonstrators who gathered outside the state ...
  • Georgia Begins Probe of Illegal 2020 Ballot HarvestingGeorgia Begins Probe of Illegal 2020 Ballot Harvesting
    By Matthew Vadum State officials in Georgia are now investigating allegations that ballot harvesting–a practice that is unlawful in the state—was used widely during the November 2020 general ...
  • New York Hit With Class-Action Lawsuit Over Private Employer Vaccine MandateNew York Hit With Class-Action Lawsuit Over Private Employer Vaccine Mandate
    By Zachary Stieber A real estate firm in New York has lodged a class-action lawsuit over the city’s COVID-19 vaccine mandate for private employers, alleging that it ...
  • Georgia Governor Unveils Push for Expanded Gun-Carry RightsGeorgia Governor Unveils Push for Expanded Gun-Carry Rights
    By Zachary Stieber Georgia Gov. Brian Kemp said on Jan. 5 that he would push for a state law to loosen requirements for state residents to carry ...
  • Manchin Opposes Schumer Proposal to Change Senate Rules for Voting BillManchin Opposes Schumer Proposal to Change Senate Rules for Voting Bill
    By Joseph Lord Sen. Joe Manchin (D-W. Va.) says he is opposed to Majority Leader Chuck Schumer’s (D-N.Y.) proposal to change Senate rules in order ...
  • CDC: Omicron Now 95 Percent of All New US COVID-19 CasesCDC: Omicron Now 95 Percent of All New US COVID-19 Cases
    By Jack Phillips The COVID-19 Omicron variant accounted for approximately 95.4 percent of U.S. COVID-19 cases diagnosed in the week ended Jan. 1, said the Centers for Disease Control ...
  • Federal Court Grants Navy SEALS Preliminary Injunction in Lawsuit Over COVID-19 Vaccine MandateFederal Court Grants Navy SEALS Preliminary Injunction in Lawsuit Over COVID-19 Vaccine Mandate
    By Mimi Nguyen Ly A federal court has granted a preliminary injunction to a group of 35 Navy Special Warfare service members—among them 26 Navy ...
  • 2021 COVID-19 Recap: 200 Million Vaccinated, 450,000 Dead2021 COVID-19 Recap: 200 Million Vaccinated, 450,000 Dead
    By Petr Svab News Analysis With the New Year’s Eve passing, 2021 is now the second year defined by the CCP (Chinese Communist Party) virus pandemic and the ...
  • Did Dismissals of Safe Outpatient Drugs Cause Needless COVID Deaths? Dissenting Doctors Say YesDid Dismissals of Safe Outpatient Drugs Cause Needless COVID Deaths? Dissenting Doctors Say Yes
    By Clayton Fox, Real Clear Investigations For the first nine months of the COVID-19 pandemic, there were no officially approved outpatient treatments for combating the ...
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