USNN World News

Healthcare

Trump Signs Order Aimed at Cutting Drug Prices

by USNN World NewsMay 12, 2025July 12, 2025

Healthcare

Turmeric Lowers Blood Pressure–How to Get the Most out of It

by USNN World NewsMay 11, 2025May 11, 2025

Economy

Market Review: Stocks Retreat on Fed Caution and Trade Uncertainty

by USNN World NewsMay 10, 2025May 10, 2025

Healthcare

FDA Approves 3 Natural Color Additives Amid Push to Remove Artificial Food Coloring

by USNN World NewsMay 10, 2025May 10, 2025

Immigration

Judge Warns Trump’s Order May Violate Previous Ruling on Sanctuary Cities

by USNN World NewsMay 10, 2025May 10, 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.”

Economy

Panasonic Announces 10,000 Layoffs Worldwide

by USNN World NewsMay 9, 2025May 9, 2025

Economy

Cox Automotive Says Tariffs Impacted Wholesale Used Car Prices in April

by USNN World NewsMay 8, 2025May 12, 2025

Economy

How Major US Stock Indexes Fared May 7

by USNN World NewsMay 7, 2025May 7, 2025

Healthcare

Magnesium Could Relieve Fibromyalgia and Migraines, and How It Works

by USNN World NewsMay 7, 2025May 17, 2025

Healthcare

Different Dietary Proteins Alter the Gut Microbiome Environment

by USNN World NewsMay 6, 2025May 6, 2025

Economy

How Major US Stock Indexes Fared May 6

by USNN World NewsMay 6, 2025May 6, 2025

Healthcare

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NATIONAL NEWS

Rush Limbaugh to attend State of the Union address, receive Presidential Medal of Freedom soon, source says

By Joseph A. Wulfsohn | Fox News Talk radio icon Rush Limbaugh is expected to attend President Trump’s State of the Union address Tuesday night, where the president ...

Trump’s job approval rating rises to 49 percent amid impeachment, highest since taking office, Gallup says

By Ronn Blitzer | Fox News New polling by Gallup reveals that President Trump’s approval rating is at an all-time high, as he prepares to deliver his third State of ...

Iowa Dem party blames caucus fiasco on ‘coding issue,’ vows to release results ‘as soon as possible’

By Paul Steinhauser | Fox News DES MOINES, Iowa – The morning after a technical meltdown delayed the reporting of the Iowa caucus results – causing chaos in the ...

Liberal students reflexively reject Trump quotes, even though they’re from Democrats

By Julia Musto | Fox News Cabot Phillips: College students think 2020 Dem comments came from Trump Campus Reform Editor-in-Chief Cabot Phillips spoke with ‘Fox & Friends’ about ...

App used in Iowa Democratic caucus fiasco linked to ex-Clinton campaign staffers

By Tyler Olson | Fox News The app that was supposed to help the Iowa Democratic Party quickly report Monday’s caucus results – but contributed to confusion and a muddled result as ...

Iowa caucuses a wide-open race, with voting underway in pivotal contest

By Gregg Re | Fox News The Iowa caucuses are officially underway, and a Fox News Voter Analysis shows a wide-open race, with five candidates competing for a share ...

Rush Limbaugh announces he has ‘advanced lung cancer’

By Brian Flood | Fox News Talk radio king Rush Limbaugh stunned his 20-million member audience Monday with the announcement he’s been diagnosed with “advanced lung cancer.” The 69-year-old conservative ...

Kellyanne Conway unloads on 2020 Dems in Iowa: ‘Unimpressive, unremarkable, underwhelming’

By Brooke Singman | Fox News Conway on socialism, ‘underwhelming’ Dem candidates and the left’s biggest ‘joke’. EXCLUSIVE: Kellyanne Conway unloaded on the 2020 Democratic presidential hopefuls on the eve of ...

Trump, in Super Bowl interview with Sean Hannity, predicts fall of Pelosi: ‘Radical left is gonna take over’

By Gregg Re | Fox News In an exclusive interview with Fox News’ Sean Hannity during the Super Bowl LIV pregame show, President Trump confirmed that the State of ...

Groundhog Day 2020: Here’s what Punxsutawney Phil’s prediction is for the rest of winter

By Travis Fedschun | Fox News As light snow fell early Sunday in western Pennsylvania, the Keystone State’s most famous groundhog revealed that warmer days ...

Tom Basile: Pelosi’s impeachment gamble fails – here’s what going all in could cost her and the Democrats

By Tom Basile | Fox News What a difference a year makes. Last spring, Speaker Nancy Pelosi sounded an alarm of caution over a hyper-partisan impeachment. In the fall, she ...

How Much is Trump’s Impeachment Costing Taxpayers?

By Megan Henney FoxBusiness The impeachment inquiry and trial has cost significantly less than President Bill Clinton’s in 1994. The third impeachment trial in U.S. history ...