Tesla loses $126B in value, Elon Musk’s Twitter takeover deal at risk

Apr 28, 2022 09:47 am UTC| Business Economy

Tesla Inc.s value reportedly plummeted and lost $126 billion on Tuesday, April 26. This occurrence is said to have raised concerns over the companys chief executive officer Elon Musks takeover deal of the social media...

Netflix signs deal with Japan’s Studio Colorido animation studio for its anime push

Apr 28, 2022 09:35 am UTC| Business Economy

Netflix Inc. revealed earlier this week that it signed a deal with a Japanese animation company to bolster its anime content offering. The America video streaming giant teamed up with Studio Colorido and entered into an...

Hyundai Mobis appoints former Mitsubishi and Mazda directors to lead unit in Japan

Apr 28, 2022 09:04 am UTC| Business Economy

Hyundai Mobis, the car parts and service arm of Hyundai Motor Company, announced it recruited two former executives who worked for Mistubishi and Mazda Motor. The company said on Wednesday, April 27, that it hired Yukihiro...

Robinhood’s stock reportedly hit an all-time low, to lay off staff members

Apr 28, 2022 08:19 am UTC| Business Economy

Robinhood experienced rapid growth last year and the year before, but now there is reportedly a decline as its stock hit an all-time low. With this, the financial services company is axing almost nine percent of its...

Walmart offers discounts on gas to gain more customer sign-ups, retain Walmart+ membership

Apr 28, 2022 07:40 am UTC| Business Economy

Walmart launches a campaign to entice customers to subscribe to its Walmart+ subscription service while also retaining old members by pushing them to renew their membership. The American retail company is offering 10 cents...

Blackstone hires former Citibank Korea CEO to lead office in S. Korea

Apr 28, 2022 07:23 am UTC| Business Economy

The Blackstone Group, an American alternative investment management company based in New York City, has recruited the former chief executive officer of Citibank Korea to be its new chairman for its office in South...

SK beats Hyundai Motor, becomes second-largest company in South Korea

Apr 28, 2022 06:24 am UTC| Business Economy

SK Group has secured second place in South Koreas Fair Trade Commission (FTC) list of biggest companies in terms of assets. It was previously the third-largest chaebol in the country, but it outpaced Hyundai Motor Group...