
Netflix investing $500 million to make South Korean content
Feb 26, 2021 08:55 am UTC| Business
Netflix has big plans for its streaming service in South Korea. The American content platform just announced its plans to spend $500 million for the production of South Korean projects this year. The proposal to finance...

Boeing slapped with $6.6 million fine by FAA due to safety and quality control oversights
Feb 26, 2021 07:39 am UTC| Business
Boeing was revealed to have been fined by the U.S. Federal Aviation Administration (FAA) this week. The aerospace company was slapped with a $6.6 million penalty due to issues with compliance and quality control. FAAs...

Merck to acquire Pandion Therapeutics for $1.85 billion in cash
Feb 26, 2021 07:07 am UTC| Business
Merck Co Inc is buying Pandion Therapeutics, the biotechnology company developing bispecific antibody therapeutics headquartered in Massachusetts. It was said that the pharmaceutical firm is shelling out a total of $1.85...

ByteDance assigns Jinri Toutiao's Zhu Wenjia as TikTok's R&D head in Singapore
Feb 26, 2021 06:42 am UTC| Business
ByteDance is hiring new executives as it slowly moves out of India that already shuts its doors for TikTok. The global internet technology firm headquartered in Beijing has now found a new home in Asia, so it is assigning...

Whataburger is heading back to Nashville after almost 50 years
Feb 26, 2021 05:38 am UTC| Business
Whataburger is finally coming to Tennessee and the locals are excited about it. The Texas-based burger chain announced this week about its plan to open a restaurant in Nashville this coming fall. The Nashville outlet...

Kellogg to focus on salty snack production for continued success
Feb 26, 2021 00:11 am UTC| Business
The Kellogg Company will shut down two production lines at its Mariemont, Ohio, plant while adding a new line and reconfiguring another in Jackson, Tennessee, in a move to strengthen its salty snacks business. Under its...

Danone invests €12 million in plant-based food production in Spain
Feb 26, 2021 00:06 am UTC| Business
Danone has invested 12 million in a new plant-based food production line at its Parets del Vallès factory dedicated exclusively to the manufacture of coconut and oat-based products under the companys Activia, Alpro,...