LG to stop making smartphones after years of losses
NY Post
Electronics giant LG plans to stop making smartphones after struggling for years to compete in a market where it was once a leading player.
The South Korean conglomerate will shut down its mobile phone business and exit the “incredibly competitive” industry by July 31, it announced Monday. Rumors of the move started swirling at the beginning of 2021 as LG’s smartphone unit racked up hefty losses to the tune of about $4.5 billion in nearly six years and lagged behind larger rivals Apple and Samsung.
Investors have flocked to gold IRAs to diversify their retirement savings as the asset soared well above $5,000 an ounce — but with that surge in popularity comes a wave of bad actors who have no business touching anyone’s retirement savings.
In the midst of tax season, with the April 15 deadline quickly approaching, the Internal Revenue Service is warning taxpayers about scammers out to rip you off.
Another one bites the dust. Domino’s, the nation’s largest pizza dining chain, joins the ranks of pizza giants whose franchisees have filed for bankruptcy, leaving many SoCal locations in major limbo.
Dana Walden is unifying Disney’s film, television, streaming and gaming under one roof days before a new CEO takes the reins.
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Saks Global — owner of luxury stores including Saks Fifth Avenue and Neiman Marcus — is cutting over 1,200 jobs as it shutters more than a dozen locations nationwide following its bankruptcy filing earlier this year.
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Amazon has been signaling that it wants a piece of the Saks empire — including possibly buying it outright — even as its prospects to break into the luxury market have been complicated by its controversial role in the retailer’s bankruptcy, The Post has learned.
The founder of a Vermont-based whiskey brand wants to give away a college campus that he bought during the pandemic — on the condition the new owner shares his vision for “the revival of our country and our civilization.”
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At the start of his term in January, Mayor Mamdani had the Big Apple’s lenders in his corner — despite his plans to remake the Big Apple economy under his socialist agenda.
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BuzzFeed on Thursday flagged going concern doubts and said it will not provide a forecast for 2026 as it evaluates strategic options, sending the digital media company’s shares down 7% after the bell.