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LG Corp

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LG Corporation is reportedly slowing down its XR collaboration with Meta Platforms, with a potential shift towards a new partnership with Amazon. Meta's Reality Labs continues to face significant financial losses, while the broader VR/AR industry, including Sony and Apple, is also experiencing challenges.

Portfolio Pulse from Franca Quarneti

May 20, 2024 | 7:56 pm

Samsung Group is implementing a six-day workweek for executives across all units to address business uncertainties, including currency depreciation, rising oil prices, and high borrowing costs, following disappointing results in 2023. This includes executives from Samsung Electronics Co. Ltd (OTC:SSNLF), which reported a significant operating loss in its semiconductor business. The move is part of a broader trend among South Korean conglomerates to navigate industry downturns and geopolitical risks.

Portfolio Pulse from Franca Quarneti

April 18, 2024 | 5:11 pm

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