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BUSINESS

Meet the Hedge Fund Boss Who Just Bought Tribune's Newspapers

Business, Published on 26/05/2021

» Six weeks ago, it seemed as if hedge fund boss Heath Freeman was losing his grip on Tribune Publishing Co. But he never let go -- and now he has his prize.

BUSINESS

Hundreds of Companies, CEOs Band Together on Voting Access

Business, Published on 16/04/2021

» Hundreds of business leaders and companies, including Amazon.com Inc. and Netflix Inc., signed a new statement to "defend the right to vote and oppose any discriminatory legislation," the latest corporate response to a wave of Republican-led voting bills being advanced in dozens of states.

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BUSINESS

Google to pay publishers $1bn for news content

Business, Published on 02/10/2020

» BRUSSELS: Alphabet's Google plans to pay $1 billion to publishers globally for their news over the next three years, according to its chief executive officer, a step that could help it win over a powerful group amid heightened regulatory scrutiny worldwide.

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BUSINESS

Warren Buffett gives up on newspaper business

Business, Published on 31/01/2020

» Warren Buffett's Berkshire Hathaway Inc agreed on Wednesday to sell its newspaper business to Lee Enterprises Inc for $140 million in cash, abandoning an industry the billionaire investor had long defended even as its financial prospects deteriorated.

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BUSINESS

Virus losses put at B1.3tn

Business, Published on 31/01/2020

» Economic damage from the coronavirus outbreak is initially estimated at 300 billion yuan (1.3 trillion baht) in a month's time, putting China's annual GDP growth below the 6% baseline this year, says Kasikorn Research Centre (K-Research).

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BUSINESS

Pace plans restructuring of Dean & DeLuca to stem losses

Business, Darana Chudasri, Published on 19/07/2019

» SET-listed Pace Development Corporation Plc, the Bangkok-based owner of Dean & DeLuca, is set to revamp the ailing gourmet grocer business by splitting operations in Asia and the US for business restructuring.

BUSINESS

Currencies slump, funds flee emerging markets

Business, Published on 08/09/2018

» Recap: Emerging stock markets, especially those in Asia, experienced heavy fund outflows as concerns mounted over the health of emerging economies in general, and contagion impact from the likes of Argentina and Turkey. The Indonesian rupiah hit a two-decade low and the Indian rupee also lost more ground. US-China trade tensions continue to cast a pall over markets as well.

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BUSINESS

Ban on trans fat could boost palm oil

Business, Published on 04/01/2018

» The proposed ban on trans fat will force restaurants and cooking oil makers to modify their products, but the change may be a boon to the palm oil sector, an industry heavily supported by the government's Palm Oil and Palm Oil Industries Development Strategy.

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BUSINESS

Advertisers need new tricks to meet digital media challenge

Business, Published on 31/08/2017

» Digital media has made succeeding in advertising harder because it has opened the market for creative content to a wider field. At the same time, it has made measuring impact a more precise process, essential for ad buyers who are increasingly focused on return on investment.

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BUSINESS

Billionaires play big in digital TV game

Business, Nanat Suchiva, Published on 04/09/2017

» The media business and billionaires seem to attract each other.