YouTube on Tuesday launched an online marketplace for streaming services with more than 30 offerings, another step in the Google unit’s bid to become a one-stop shop for video entertainment. The new feature, called Primetime Channels, will allow viewers in the US to subscribe to individual streaming services including Showtime, Paramount+ and Starz directly through … Read more
YouTube on Tuesday launched an online marketplace for streaming services with more than 30 offerings, another step in the Google unit’s bid to become a one-stop shop for video entertainment. The new feature, called Primetime Channels, will allow viewers in the US to subscribe to individual streaming services including Showtime, Paramount+ and Starz directly through … Read more
Saudi Arabia’s national oil company posted a 39% jump in quarterly profit on Tuesday as high oil prices boosted earnings that are helping the kingdom pay for an ambitious economic transformation plan at home and expand its diplomatic influence in the region. Aramco, officially named Saudi Arabian Oil Co., said its net income totaled $42.43 … Read more
The United Auto Workers is seeking federal permission to hold an election at a new Ohio battery plant co-owned by General Motors co. and claims that the factory’s owner has opposed the workers’ efforts to organize. The UAW said Monday that a majority of the plant’s 900 workers have signed cards requesting that the union … Read more
A reactor at the only nuclear power plant under construction in the U.S., which is billions over budget and years behind schedule, started loading fuel this month and could be delivering power by the end of March. Southern Co. SO 1.57% , the Atlanta-based utility company building the nuclear-power plant, said it expects the first … Read more
LONDON – Cash-strapped European consumers are flocking to discount stores, business executives say, as prices for many items, from food and clothing to electricity and gasoline, continue to rise. Discount stores across the region have reported rising sales in recent months and say they plan to open more stores to lure middle-class consumers suddenly eager … Read more
Prologue Inc. is pulling back on building new warehouses without tenants already signed on, as the world’s largest logistics property developer braces for a potential economic downturn. The shift away from what are known in the real estate industry as speculative projects reflects “a more cautious approach,” Prologis CFO Tim Arndt said on an earnings … Read more
Abbott Laboratories has made leadership changes at its large baby formula manufacturing plant and in its quality organization following a temporary shutdown of the Sturgis, Mich., plant earlier this year after contamination was found. The Abbott Park, Ill., company also plans to spend about $500 million to build a new baby formula plant in the … Read more
TOKYO—Taiwan Semiconductor Manufacturing Co. is considering expanding its manufacturing capacity in Japan, people familiar with the matter said, in what would be a move by the world’s largest contract chip maker to reduce geopolitical risk. The Japanese government has signaled that it wants TSMC TSM -0.51% to expand in the country beyond a factory already … Read more
Let the battle for the $5 T-shirt begin. Primark, Shein and other budget-friendly retailers are winning over US shoppers with cheap clothes as high inflation has made many people more price-sensitive. GU (pronounced “G” “U”) opened its first U.S. store earlier this month, selling items like $30 sweaters and $60 puffer coats. Owned by Japan’s … Read more