Nexstar Media buys controlling stake in CW Network
Aug 17, 2022 09:55 am UTC| Business Economy
Nexstar Media Group is investing huge sums to buy a 75% stake in The CW television network. The American publicly traded media company with HQ offices in Chicago, Illinois; Irving, Texas, and Midtown Manhattan is set to...
Samsung SDI to build its first R&D hubs in the US and Europe
Aug 17, 2022 09:19 am UTC| Business Economy
Samsung SDI revealed on Tuesday, Aug. 16, that it will be building its first research and development centers in the United States and Europe. The company is making this move in an effort to nail technological...
Philips announces changes in company executive roles as CEO Frans van Houten steps down
Aug 17, 2022 08:35 am UTC| Business Economy
Philips announces on Tuesday, Aug. 16, that its chief executive officer, Frans van Houten is stepping down. It was an unexpected event but the company has already appointed a new chief who will take over in...
CJ ENM, NBC Universal’s Peacock sign programming deal for Korean show content
Aug 17, 2022 08:13 am UTC| Business Economy
CJ ENM South Korean mass media company, and NBC Universals Peacock over-the-top video streaming service have signed a deal for K-content. The former will be making its shows and films available to subscribers of the...
Reebok, Juicy Couture owner Authentic Brands acquires Ted Baker UK fashion brand for $254M
Aug 17, 2022 07:31 am UTC| Business Economy
The Authentic Brands Group that owns Reebok, Juicy Couture, and Forever 21 has struck a deal to buy the British high-street clothing retail company, Ted Baker. The acquisition is worth $254 million or about 211...
Snoop Dogg to launch breakfast cereal brand Snoop Loopz
Aug 17, 2022 07:02 am UTC| Business Economy
Snoop Dogg, whose real name is Calvin Cordozar Broadus Jr., is an American rapper, media personality, and entrepreneur. He already owns a range of businesses, including gin, wine, and cannabis, but he has not stopped from...
SK invests $250 million in US nuclear reactor startup TerraPower
Aug 16, 2022 22:44 pm UTC| Business Economy Nature
SK Group affiliates have invested US$250 million in US nuclear reactor design firm TerraPower for joint business opportunities. The investment would let SK Inc., the holding company of SK Group, and SK Innovation Co.,...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects