
Namyang Dairy ordered to surrender its stake to Hahn & Company
Sep 23, 2022 09:17 am UTC| Business Economy
Namyang Dairy Products received an order from the court to transfer its controlling stake to Hahn Company. This is a blow to the owners of the dairy firm as it has recently been fighting to nullify its agreement with the...

PepsiCo launches Pepsi S’mores soda collection
Sep 23, 2022 08:55 am UTC| Business Economy
PepsiCo is offering something new to fans again, and they should get ready for the unlikely new flavor. The American beverage and snack manufacturer announced it would launch the unique Pepsi Smores Collection is coming up...

YouTube to share ad revenues with Shorts creators to compete with TikTok
Sep 23, 2022 08:03 am UTC| Business Economy
YouTube is implementing a revenue-sharing scheme for Shorts content creators to catch up with TikTok, which is leading in the short-video market. The video sharing and social media platform said it would start giving a...

Walgreens announces acquisition of Shields Health for $1.37B
Sep 23, 2022 06:59 am UTC| Business Economy
Walgreens Boots Alliance is an American-British-Swiss holding company that owns Walgreens and Boots retail pharmacy chains. It is headquartered in Deerfield, Illinois, and it recently announced its acquisition of Shields...

JD Sports paying unseated chairman over £5M as he returns as consultant
Sep 23, 2022 06:28 am UTC| Business Economy
JD Sports previously ousted its executive chairman Peter Cowgill, and now he is returning to the company as a consultant. The clothing retail company based in Bury, United Kingdom, is also paying him 5.5 million or more...

Forever 21 to re-enter Japanese apparel market
Sep 22, 2022 23:57 pm UTC| Life Economy Business
Forever 21 Inc will re-enter the Japanese market by selling its products online from February and opening stores after April. The Los Angeles-based fashion retailer filed for bankruptcy protection in September 2019...

FTC reviewing Amazon's deal to buy iRobot for $1.7 billion
Sep 22, 2022 23:57 pm UTC| Business Economy Law Technology
The Federal Trade Commission is investigating Amazons $1.7 billion acquisition of iRobot, amid growing concerns about the companys market power. According to iRobot, it and Amazon received a request for additional...