Audacy Initiates Chapter 11 Bankruptcy Proceedings Amid Financial Struggles
In a significant move to address financial challenges, Audacy, a prominent multi-platform audio content company, has officially filed for prepackaged Chapter 11 bankruptcy proceedings. The announcement came on Sunday, marking
Nike to Launch First U.S. ‘Jordan World of Flight’ Store in Philadelphia
Nike is set to introduce its inaugural Jordan World of Flight store in the United States, with plans to open the exclusive destination for Michael Jordan-branded sneakers and apparel in
Walgreens to Close Significant Number of Unprofitable Stores in Major Overhaul
Walgreens is planning to shut down a considerable number of its approximately 8,600 locations across the United States as part of a comprehensive effort to restructure the struggling pharmacy chain’s
Temu’s Parent Company PDD Holdings Suffers Major Profit Drop Amid Tariff Pressures
Chinese e-commerce giant PDD Holdings, the parent company of discount shopping platform Temu, has reported a sharp decline in profits as trade tensions with the United States and increased competition
Stephen A. Smith Reportedly Inks $100 Million Deal to Stay at ESPN
ESPN has reportedly locked in one of its most prominent personalities for the foreseeable future. Stephen A. Smith has agreed to a new five-year contract with the network, reportedly valued
Apple Raises Concerns Over EU’s Digital Policy After Porn App Appears on iPhones
Apple has expressed concerns regarding the availability of a pornography app on iPhones in the European Union, highlighting how the bloc’s new digital regulations are eroding consumer confidence in its
The Glittering Illusion: How a Jewellery Tycoon Vanished After a £170m Diamond Scam
For years, Vashi Dominguez dazzled investors and customers alike with the promise of diamonds, glamour, and innovation. He sold himself not only as a diamond dealer to the wealthy but
Bama Mayonnaise Welcomes Music Icon 2Baba as New Brand Ambassador
Nigeria’s popular mayonnaise brand, Bama, has announced the celebrated musician 2Baba as its newest brand ambassador. This collaboration marks a notable union between an iconic product and an influential artist
Snapchat to Charge Users for Storing Old Memories, Sparking Backlash
Snapchat will begin charging users who exceed a storage limit for saving old photos and videos on its Memories feature, a move that has drawn criticism from long-time users. The
Electrifying Moment Lightning Bolt Strikes American Eagle Plane Full of Passengers
This is the electrifying moment a bolt of lightning struck an American Eagle plane full of passengers moments after it landed during a storm in Arkansas. The Embraer E175 was
UNILAG Power Cut Over N1 Billion Unpaid Electricity Debt, Says Eko Disco
The Eko Electricity Distribution Company (Eko Disco) has disconnected the University of Lagos (UNILAG) from the power grid due to an outstanding debt of over N1 billion in unpaid electricity
Charlie Munger, Warren Buffett’s Longtime Partner, Passes Away at 99
Charlie Munger, the esteemed collaborator of Warren Buffett in shaping Berkshire Hathaway into a global investment giant, has died at the age of 99. The announcement came from Berkshire Hathaway,
Kanye West’s Termination From Adidas Reportedly Leaves Company Stuck With $530m of Yeezy Sneakers
Kanye West‘s termination from adidas has reportedly left the sportswear giant in a bit of a bind and stuck with a massive overstock of Yeezy sneakers. According to the Financial
Boeing Achieves Milestone as It Delivers First 787 Dreamliner to China Since 2019
In a significant development, Boeing has successfully delivered a 787 Dreamliner directly to a Chinese airline for the first time since November 2019. The milestone marks a potential opening for
Australia Bans TikTok on Federal Government Devices
Australia has joined other Western countries in banning the use of TikTok on government devices as the Chinese-owned video app comes under increasing pressure over claims it presents a security
Rite Aid Files for Second Bankruptcy as Financial Struggles Persist
Rite Aid has filed for bankruptcy for the second time, just seven months after emerging from its previous Chapter 11 proceedings. The struggling pharmacy chain made the announcement on Monday,
Netflix CEO Believes Streaming Has Made the World ‘Safer’
Ted Sarandos, co-chief executive of Netflix, has articulated his belief that streaming platforms like Netflix are not only enriching cultural experiences but also contributing to making the world a safer
FCCPC Indicts Coca-Cola Nigeria and NBC for Misleading Consumers, Unveils Report on Anti-Competitive Practices
The Federal Competition and Consumer Protection Commission (FCCPC) has released a detailed report indicting Coca-Cola Nigeria Limited and Nigerian Bottling Company (NBC) Limited for misleading branding and anti-competitive practices. The
Birkenstock is Now an $8 Billion Company
The renowned cork-soled shoemaker, Birkenstock, is set to make its highly anticipated debut on the New York Stock Exchange (NYSE) under the ticker symbol BIRK. The company announced that it
Tesla Sales Again Fall Short of Production
Tesla reported a modest 4% rise in sales in the first quarter compared to the final three months of last year, despite a series of price cuts on its lower
