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Real News, Real Time

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
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

Posts pagination

Newer posts 1 … 75 76 77 78 79 … 590 Older posts

NATIONAL NEWS

  • Trump Lawyers Float Proposal for Access to Documents Seized From Mar-a-LagoTrump Lawyers Float Proposal for Access to Documents Seized From Mar-a-Lago
    By Zachary Stieber Lawyers for former President Donald Trump on Sept. 23 proposed restrictions on access to documents seized from Mar-a-Lago in August, and penalties for people ...
  • GOP to Immediately Repeal Hiring of 87,000 IRS Agents If Republicans Flip House: McCarthyGOP to Immediately Repeal Hiring of 87,000 IRS Agents If Republicans Flip House: McCarthy
    By Zachary Stieber Republicans will immediately move to reverse the Biden administration’s hiring of 87,000 IRS agents if they flip the House of Representatives in ...
  • Mike Lindell’s FBI Phone Seizure Warrant Reveals Why DOJ Investigating MyPillow CEOMike Lindell’s FBI Phone Seizure Warrant Reveals Why DOJ Investigating MyPillow CEO
    By Katabella Roberts MyPillow CEO Mike Lindell is being investigated by the Justice Department (DOJ) over alleged identity theft and damage to a protected computer relating to an alleged breach ...
  • Top Florida Democrat Endorses Ron DeSantis, Says ‘Too Much Is on the Line’Top Florida Democrat Endorses Ron DeSantis, Says ‘Too Much Is on the Line’
    By Jack Phillips A top Democrat in Palm Beach County, Florida, endorsed Gov. Ron DeSantis for governor by saying there is “too much on the line” ...
  • Venezuela Empties Prisons and Sends Criminals to US Border: House RepublicansVenezuela Empties Prisons and Sends Criminals to US Border: House Republicans
    By Frank Fang Venezuela is deliberately releasing prisoners, among them violent criminals, and has them travel to the U.S. southern border, a development that prompted ...
  • Judge in Trump Records Case Blocks Special Master From Viewing Materials With Classified MarkingsJudge in Trump Records Case Blocks Special Master From Viewing Materials With Classified Markings
    By Zachary Stieber The U.S. judge in charge of disputes over records seized from former President Donald Trump’s home on Sept. 22 blocked the special master she appointed ...
  • Alan Dershowitz: New York AG Should Be Removed From Trump Family InvestigationAlan Dershowitz: New York AG Should Be Removed From Trump Family Investigation
    Jack Phillips Legal scholar Alan Dershowitz suggested that former President Donald Trump should move to have New York Attorney General Letitia James recused and disqualified from the investigation into ...
  • Justice Department Failed to Report Nearly 1,000 Deaths in State and Local Prisons: Senate CommitteeJustice Department Failed to Report Nearly 1,000 Deaths in State and Local Prisons: Senate Committee
    By Katabella Roberts A probe by the Senate’s Permanent Subcommittee on Investigations and the Government Accountability Office has found that the Department of Justice (DOJ) ...
  • New York AG Files Civil Lawsuit Against Trump, Former President RespondsNew York AG Files Civil Lawsuit Against Trump, Former President Responds
    By Jack Phillips New York Attorney General Letitia James on Wednesday filed (pdf) a civil lawsuit against former President Donald Trump, the Trump Organization, three of his children, ...
  • China Weaponizes Fentanyl Issue Against America: ExpertChina Weaponizes Fentanyl Issue Against America: Expert
    By Hannah Ng and Tiffany Meier China has played a key role in flooding America with fentanyl, and the regime is now weaponizing the drug issue against the United ...
  • Democrats Vote Down GOP Resolution to Investigate Hunter BidenDemocrats Vote Down GOP Resolution to Investigate Hunter Biden
    By Jack Phillips The Democrat-controlled House Oversight Committee on Tuesday voted down a GOP effort to investigate President Joe Biden’s son, Hunter, over his foreign business dealings. Before ...
  • 24 Attorneys General Demand Credit Card Companies Drop Plans to Track Gun Sales24 Attorneys General Demand Credit Card Companies Drop Plans to Track Gun Sales
    By Tom Ozimek Two dozen Republican attorneys general have sent a letter to Visa, Mastercard, and American Express demanding the credit card companies abandon plans to track gun sales ...
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