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However, as government policies started to line up in the industry's favor in recent years, offshore wind developers unveiled a host of new project proposals, mostly off the U.S. East Coast. Many contracts for offshore wind projects have no mechanism for adjustment in the case of higher interest rates or costs. In New York, offshore wind developers also sought to boost the price of power produced at their projects. Norway's Equinor EQNR.OL and its partner BP (BP.L) are seeking a 54% increase for the power produced at three planned offshore wind farms - Empire Wind 1 and 2 and Beacon Wind. But the offshore wind industry is not fully satisfied.

Persons: Joe Biden, Kevin Lamarque, Eli Rubin, Rubin, Equinor, France's, Scott DiSavino, Nerijus, Nichola Groom, Simon Webb, Marguerita Choy Organizations: Federal, State, White, REUTERS, U.S ., Dominion, EBW Analytics, Reuters, U.S . Federal Reserve, Commonwealth, BP, Nichola, Thomson Locations: Washington , U.S, U.S, Europe, U.S . East Coast, Rhode, Virginia, Massachusetts, New York, Oslo, Culver City

☆ TikTok hires Britain's NCC for auditing data security
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Mike Blake/File Photo Acquire Licensing RightsCompanies NCC Group PLC FollowSTOCKHOLM, Sept 5 (Reuters) - TikTok has hired British cybersecurity firm NCC (NCCG.L) to audit its data controls and protections, and provide independent verification, as part of the social media company's data security regime, nicknamed "Project Clover". As part of the regime, TikTok is opening three data centres - two in Ireland and one in Norway to store user data in Europe. The first Irish datacenter is already online and TikTok has started to migrate data. In the coming months, TikTok and NCC said they will engage with policymakers across Europe to explain how the system will work in practice. TikTok announced Project Clover in March amid growing pressure from lawmakers on both sides of the Atlantic over data security.

Persons: Mike Blake, TikTok, Elaine Fox, Clover, Supantha Mukherjee, Ed Osmond Organizations: REUTERS, NCC, Thomson Locations: U.S, Culver City , California, STOCKHOLM, British, Ireland, Norway, Europe, Stockholm

☆ T-Pain in your living room: Are virtual concerts the future of live entertainment?
▼ + stars: | 2023-08-30 | by ( Samantha Bresnahan | ) edition.cnn.com time to read: +9 min

T-Pain is performing songs that will become a virtual reality (VR) concert, delivered directly to fans via VR headsets. “(Virtual reality) is a very big shift,” says Kyung Kuk Kim, vice president and head of production for AmazeVR. (AmazeVR says it plans to launch the T-Pain concert this Fall.) According to AmazeVR, pricing is currently per concert; it will cost $6.99 for one year of access to the T-Pain concert, for example, after that content launches. It is also producing and releasing mixed reality (MR) concerts – a combination of virtual and augmented reality – by overlaying virtual elements onto live, real-world video.

Persons: ”, I’m, Faheem Rashad Najm, “ I’m, AmazeVR, Megan Thee, “, Kyung Kuk Kim, Kim, Lance Drake, Drake, Mel Slater, Slater, ‘, ’ ”, ” Slater, ’ ” Slater, Jamie McCarthy, they’re, Taylor Swift’s, don’t, AmazeVR’s Kim, it’s, you’re, ” CNN’s Leif Coorlim Organizations: CNN, Florida -, Apple, VR, Dire, YouTube, University of Barcelona, Neuroscience, Technology, UN, Apple Vision Locations: Culver City , California, American, Florida, New York City

☆ Subway is being sold to a massive private-equity firm, finally moving the sandwich chain away from family ownership after nearly 60 years
▼ + stars: | 2023-08-24 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Roark's brands include Arby's, Dunkin', Buffalo Wild Wings, and rival sub store Jimmy John's. Subway is in the midst of a huge rebrand after suffering from a sales slump. Through Inspire Brands, it also owns another sub chain — Jimmy John's — which has more than 2,600 stores. AdvertisementAdvertisementSince the first Subway store opened in 1965, the company has been owned by its two founders, Fred DeLuca and Peter Buck, and their families. The sandwich chain announced last month that it had achieved 10 consecutive quarters of positive sales, including recording its highest weekly average unit volume in North America in the second quarter of 2023.

Persons: Dunkin, Jimmy John's, John Chidsey, Fred DeLuca, Peter Buck, It's Organizations: Roark, Arby's, Buffalo Wild Wings, Service, Roark Capital, Subway, Inspire Brands Locations: Wall, Silicon, North America

[1/2] Striking Writers Guild of America (WGA) members walk the picket line in front of Netflix offices in Los Angeles, California, U.S., July 12, 2023. REUTERS/Mike Blake/File Photo Acquire Licensing RightsLOS ANGELES, Aug 16 (Reuters) - After three months of walking the picket lines, striking Hollywood writers expressed optimism on Wednesday about the reopening of contract talks with major studios and the possibility they could be back at work in weeks. Still, members of the Writers Guild of America see reason for hope. Writers went on strike on May 2 over an impasse on compensation, minimum staffing in writers' rooms, residual payments and curbs on artificial intelligence. While "Law and Order" writer and WGA liaison Terri Kopp is also upbeat about talks with studios continuing, she is concerned about information leaking from their confidential negotiating sessions.

Persons: Mike Blake, Pam Davis, we're, it's, AMPTP, They're, K.C, Scott, Terri Kopp, Kopp, Lucy, Danielle Broadway, Dawn Chmielewski, Sandra Maler Organizations: Guild of America, Netflix, REUTERS, Alliance, Television Producers, Walt Disney, Writers Guild of America, Reuters, Amazon Studios, Screen Actors Guild, WGA, Thomson Locations: Los Angeles , California, U.S, Culver City

☆ Disney's future, a hot topic among Hollywood elite
▼ + stars: | 2023-08-14 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +5 min

[1/2] Executive Chairman of the Walt Disney Company, Bob Iger arrives at the world premiere for the film 'The King's Man' at Leicester Square in London, Britain December 6, 2021. REUTERS/Hannah McKay/File PhotoAug 14 (Reuters) - Hollywood's favorite parlor game of the week: What will Bob Iger do next? Another veteran media executive predicted Disney would spin off the television asset to its shareholders as a separate, publicly traded company by 2024, with private equity potentially playing a role. "You sell the parts, then sell what's left," said the veteran. Reporting by Dawn Chmielewski in Los Angeles; Editing by Kenneth Li and Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: Bob Iger, Hannah McKay, Walt Disney, Iger, Jeff Bewkes, what's, It's, Laura Martin, Dawn Chmielewski, Kenneth Li, Richard Chang Organizations: Walt Disney Company, Leicester Square, REUTERS, U.S ., Walt, CNBC, Reuters, ESPN, Disney, ABC, Disney Channel, NBA, Comcast, Hulu, Time Warner, Google, Facebook, Apple, Netflix, MGM, Needham, Thomson Locations: London, Britain, Culver City, New York City, U.S, Hulu, Hollywood, Los Angeles

☆ US tech groups back TikTok in challenge to Montana state ban
▼ + stars: | 2023-08-08 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

REUTERS/Mike Blake/File PhotoWASHINGTON, Aug 7 (Reuters) - Two tech groups on Monday backed TikTok in its lawsuit seeking to block enforcement of a Montana state ban on use of the short video sharing app before it takes effect on Jan. 1. TikTok, which is owned by Chinese tech giant ByteDance, filed a suit in May seeking to block the first-of-its-kind U.S. state ban, arguing it violates the First Amendment free speech rights of the company and users. TikTok says it "has not shared, and would not share, U.S. user data with the Chinese government, and has taken substantial measures to protect the privacy and security of TikTok users." The law does not impose penalties on individual TikTok users. TikTok estimates 380,000 people in Montana use the video service, or more than a third of the state's 1.1 million people.

Persons: Mike Blake, TikTok, Donald Trump, David Shepardson, Muralikumar Anantharaman, Edwina Gibbs Organizations: REUTERS, Thomson Locations: U.S, Culver City , California, Montana

☆ $1.4 Million Homes in California
▼ + stars: | 2023-07-24 | by ( Angela Serratore | ) www.nytimes.com time to read: +1 min

The property is a few blocks from a branch of Roscoe’s House of Chicken and Waffles, a beloved Southern California chain restaurant, and from a bookstore that sells Spanish-language children’s literature. Culver City is 15 minutes away by bus. The University of Southern California campus is a 15-minute drive. Los Angeles International Airport is about a half-hour away. Size: 2,312 square feetPrice per square foot: $605Indoors: A paved path leads from the sidewalk to the covered front porch, which is wrapped in ivy and private enough to use as an outdoor sitting room.

Organizations: Culver City, The University of Southern, Los Angeles International Locations: Los Angeles, Spanish, Mid City, West Adams, Koreatown, Southern California, Culver, The University of Southern California, Saltillo

☆ They don’t act or write, but the Hollywood strikes are putting them out of work
▼ + stars: | 2023-07-22 | by ( Natasha Chen | ) edition.cnn.com time to read: +8 min

Elyea, and other small business owners have told CNN about the various ways they’re getting through the dry spell: cutting hours, laying off staff, or temporarily closing their doors. And you know, don’t be buying cars having to make big car payments, and don’t be making big plans with money you don’t have,” she told them. “I know I can get through it, but it takes years to recover,” Levelle told CNN in early July. Natalia Lopez told CNN in June that without her $20.74 per hour wage, she had shifted her grocery list to just basics, like rice and beans. Cendejas told CNN the studios should recognize the people essential at every level to get the work done.

Persons: Los Angeles CNN —, Milken, Remy De La Mora, Patrick Gallagher, Oppenheimer, Pam, Pam Elyea, she’s, ” Elyea, don’t, Pam Elyea Elyea, She’s, “, Elyea’s, Corri Levelle, Sandy Rose Floral, Natasha Chen, CNN Corri Levelle, ” Levelle, ”, Natalia Lopez, Lopez, Yolanda Cendejas, Cendejas, ” Yolanda Cendejas, CNN Cendejas, ” Cendejas, Chester Massetti, Victor Jr’s, you’re, ” Massetti, Massetti, Rosie Blosser, ” Blosser, Blosser Organizations: Los Angeles CNN, Hollywood, Writers Guild of America, SAG, Global, Hire, CNN, WGA, Sandy, SEIU United Service Workers, SEIU, Sony Studios, Amazon Studios, Paramount Studios, Culver City, Warner Bros, Washington, Apple, Warner Bros . Locations: North Hollywood, Los Angeles, Culver City, Culver, Burbank , CA

☆ A Year of Upheaval on Abortion’s Front Lines
▼ + stars: | 2023-07-20 | by ( Kate Kelly | Marisa Schwartz Taylor | ) www.nytimes.com time to read: +14 min

Erica’s pilots that day were volunteers with Elevated Access, a nonprofit set up last year to help people obtain abortions, often across state lines. In North Carolina, an anti-abortion, church-backed pregnancy center called Mountain Area Pregnancy Services confronted a harassment incident. Before Dobbs, the group’s abortion services operated on a budget of $20,000 per month. But the dearth of pharmacies willing to offer abortion medication meant that Honeybee soon became the main provider of the online-ordered, home-delivered pills. Abortion medication — which now accounts for more than half of abortions in the United States — produces roughly 40 percent of Honeybee’s revenue.

Persons: Wade, Health “, ”, Maren Hurley, Hey Jane, Jenice Fountain, Julia Rendleman, The New York Times Erica, ” Erica, Erica, Andy, “, Gabriela Bhaskar, Dobbs, Kelsea McLain, Roe, —, McLain, Yellowhammer, Fountain, Mike Belleme, Court’s Dobbs, Jeff Porter, Porter, ” Michelle Fenton, Ms, Fenton, Sharon Chischilly, Paddy, Rachael Lorenzo, Tracy Nguyen, Honeybee, Jessica Nouhavandi, Nouhavandi Organizations: Jackson, Health, Private, Yellowhammer Fund, The New York Times, Maryland —, D.C, Cessna, Fund, Birmingham, Pregnancy Services, The New York, Services, The New York Times Indigenous, Roe, Los Angeles Locations: Dobbs v, North Carolina, Hurley’s, Alabama, Louisiana, America, Minnesota, Twin Cities, Illinois, Maryland, Washington, Wisconsin, Birmingham, Ala, Asheville, N.C, Waynesville, New Mexico, Oklahoma , Texas, North Dakota, South Dakota, Culver City, Calif, Roe United States, United States

☆ TikTok is offering creators $1,000 cash incentives and other rewards as it looks to bolster its e-commerce program
▼ + stars: | 2023-07-20 | by ( Dan Whateley | Marta Biino | ) www.businessinsider.com time to read: +7 min

TikTok is offering a slew of cash bonuses and rewards to creators that use its new shopping feature. The conversation centered around how to formalize the role of "TikTok Shop creator" as a new category of influencer, akin to a sports or food personality, Jayy said. "I'm thinking about marketing myself as a TikTok Shop creator," she said. In another instance, they were offered $1,000 in cash for generating at least $3,000 in Shop sales via a video. "Most of the people don't have the support or the knowledge to even be these TikTok Shop creators that TikTok wants them to be."

Persons: Sharon Jayy, Jayy, it's, TikTok, influencers, It's, Ross Hawthorne, Nadia Lynn Garcia, Maryam Malik, Lissette, Shayna Farnan, she's, Malik, Lauren Mabra, Mabra, Pinterest, Farnan Organizations: TikTok, Real Quick Media, Meta, Facebook, YouTube, Financial Times, TikTok Shop Locations: Culver City , California, China, London

☆ TikTok is luring creators into its Shop program with office visits, private chat groups, and cold hard cash
▼ + stars: | 2023-07-19 | by ( Dan Whateley | Marta Biino | ) www.businessinsider.com time to read: +7 min

The conversation centered around how to formalize the role of "TikTok Shop creator" as a new category of influencer, akin to a sports or food personality, Jayy said. "I'm thinking about marketing myself as a TikTok Shop creator," she said. In another instance, they were offered $1,000 in cash for generating at least $3,000 in Shop sales via a video. On the right, a screenshot of what a creator sees on the backend when using TikTok Shop as an affiliate. "Most of the people don't have the support or the knowledge to even be these TikTok Shop creators that TikTok wants them to be."

☆ This ‘Achingly Cool’ California Steakhouse Has Been a Hollywood Favorite Since 1967
▼ + stars: | 2023-07-04 | by ( Glynis Costin | Photographs Maiwenn Raoult For The Wall Street Journal | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/dear-johns-culver-city-hollywood-favorite-since-1967-d6d149c

Persons: Dow Jones Organizations: johns Locations: culver, hollywood

☆ Opinion: Trump, the hoarder in chief
▼ + stars: | 2023-06-18 | by ( Richard Galant | ) edition.cnn.com time to read: +13 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. Photos included in the 38-count indictment of former President Donald Trump and his aide Walt Nauta show bankers boxes stacked in a bathroom and other parts of Trump’s Mar-a-Lago club. Trump has always hung onto news clippings, documents and other mementos,” The New York Times reported. “Trump is chaotic and unpredictable in a way that could lead other Republicans to believe that there is a chance he won’t make it to the convention. As Zelizer noted, “Trump has denied wrongdoing, claiming he is being unfairly targeted.”But “given this unusual context, Republicans have legitimate reasons to think that there could be an upset.

Persons: Harry Fellowes, Fellowes, Harry Fellowes couldn’t, Donald Trump, Walt Nauta, Trump, Kim Jong, Mr, Jack Smith’s, Peter Bergen, ” Bergen, Nick Anderson, David Zurawik, “, ” Zurawik, ” Clay Jones, ” Trump, Jill Filipovic, ” Dana Summers, John Avlon, MAGA hasn’t, Gautham Rao, Donald Trump’s, Dean Obeidallah, Hillary Clinton, Phil Hands, Miami Mayor Francis Suarez, Julian Zelizer, “ Trump, ”, Facebook Trump, Zelizer, Republican Alice Stewart, Joe Biden, Mike, Pence, Agency Stewart, I’m, that’s, Chris Christie, Christie, Cupp, ’, Frida Ghitis, Mucutuy, –, Cristin, Tien Ranoque, ” Ghitis, David Andelman, Ruth Ben Ghiat, Brett Bruen, Sébastien Roblin, Michael Bociurkiw, Father’s, Edward S, Feldman, Harrison Ford, David G, Allan, Tom Hanks, ” Allan, I’ve, Ford, Indiana Jones, Steve Majors, Young, Joyce M, Davis, Pete Buttigieg, ” Davis, Buttigieg, Don’t, Tom Stiglich, Syndicate David Culver, Opal Lee, Dion Sims, Black, Juneteenth Scott Hodge, Roxanne Jones, LeBron James, NBA Joshua Douglas, Samuel Huneke, Jere Hester, they’re, Sir Paul McCartney, John Lennon’s, Yoko Ono, Lennon’s, McCartney Organizations: CNN, White, The New York Times, West Wing, Tribune, Agency, US, Trump, Miami Mayor, Republican, Twitter, Facebook, intel, New, New Jersey Gov, Paramount Pictures, “, Syndicate, NBA, Central Press, Hulton, Beatles, BBC Locations: Trump’s, Mar, Miami, New Jersey, China, Philadelphia, Atlanta , Georgia, Harrisburg , Pennsylvania, Jamaica

☆ Opinion: Why I flew to Jamaica to take magic mushrooms … on camera
▼ + stars: | 2023-06-17 | by ( David Culver | ) edition.cnn.com time to read: +12 min

This was not how I envisioned taking magic mushrooms, especially considering there were no actual mushrooms. Partaking in a therapeutic, mind-altering journey through the consumption of magic mushrooms, so long as there might be value found in experiencing a trip on camera, seemed worth it. I started to think that I was among the few who may not experience any psychoactive reaction to mushrooms. Similar to the first one, all the retreat participants sat in a circle on chairs and couches under a covered porch with a view of the sea. The facilitators — those tasked with assessing our dosages and administering the psilocybin — handed us mugs with ground mushrooms already mixed in.

Persons: David Culver, CNN —, There’s, It’s, “, —, ”, ” “, Johanna Buitrón, Jason Moss, Johanna, Jason, ” Johanna, Wendy, who’d, it’s, Anderson Cooper Organizations: CNN, Twitter Locations: Oregon, Colorado, Wuhan, China, Shanghai, Mexico, Jamaica, Ecuador, Los Angeles, South Carolina, China’s

☆ Amazon’s Freevee Embraces the Judy-Verse
▼ + stars: | 2023-06-16 | by ( Brooks Barnes | ) www.nytimes.com time to read: +1 min

In 2021, Judge Judith Sheindlin, the razor-tongued court show star, decamped from the dying medium of daytime broadcast syndication and joined Amazon for a streaming-era experiment. Fewer people were watching traditional daytime television, including programs like “Judge Judy.” Was it because they were tired of the content? To find out, the company hired Judge Sheindlin to produce and star in a new court show, “Judy Justice,” and made it available on Freevee, a little-known, free streaming service supported by advertising. “It was a risk,” Judge Sheindlin recalled over lunch this month, “but one that intrigued me.”“Judy Justice” quickly became Freevee’s No. As she builds a mini empire at Amazon, Judge Sheindlin is also adding to what has become known as the Nepo-Verse.

Persons: Judith Sheindlin, Judy, ”, Judge Sheindlin, “ Judy Justice, ” “ Judy Justice ”, Sheindlin Organizations: Amazon, Amazon Studios, Marvel, New York Locations: Culver City, Calif, Amazon, Hollywood

☆ Janitors who lost jobs during WGA strike join picket line
▼ + stars: | 2023-06-15 | by ( Natasha Chen | ) edition.cnn.com time to read: +3 min

CNN —Several hundred janitors marched to join writers on the picket line outside Sony Pictures and Amazon Studios Thursday, as some custodial staff have lost their jobs while productions are halted. The union did not have an estimate for impacts on custodial workers in other major filming hubs like Georgia and New York. “Several businesses anecdotally already started cutting staff,” Klowden said. “Then does it become permanent?”Klowden noted the dry cleaners, caterers, “Star Wagons,” restaurants, and custodial staff. The Motion Picture Association told CNN that in 2021, the film and TV industry supported 822,000 direct jobs, while supporting a total of 2.4 million jobs.

Persons: Natalia Lopez, “, We’re, ” Lopez, it’s, ”, David Huerta, Rebekah Kohler, they’ve, aren’t, Stagehand Amanda Winter, “ Janitors, they’re, ” Winter, Kevin Klowden, Klowden, ” Klowden Organizations: CNN, Sony Pictures, Amazon Studios, SEIU United Service Workers, Paramount Studios, SAG, SEIU, Netflix, Warner Brothers Discovery, WGA, Milken Institute, Association Locations: Los Angeles, Georgia, New York, Culver City, Hollywood, California

It’s called “For a 30-Year-Old Virgin, It’s Now or Never.”The candles were lit. As we looked over the menu, he mentioned that he didn’t know what a poached egg was. And I didn’t want to die a virgin. Given how things turned out, am I upset that I lost my virginity in a rush to a guy who didn’t matter? Being a 30-year-old virgin is not normal.

Persons: I’ve, I’m Anna Martin, ” Clare Almand, hadn’t, Here’s Clare, It’s, “ I’ve, ”, gaunt, Missy Elliott’s, bloomer, it’s, pining, OkCupid, cardiologists, oregano, who’s Organizations: New York Times Locations: Los Angeles, Culver City, Brussels

☆ TikTok Bans Are Crimping State Travel Marketers
▼ + stars: | 2023-05-09 | by ( Patrick Coffee | ) www.wsj.com time to read: 1 min

The TikTok office building in Culver City, Calif. TikTok has become a major player in travel marketing, but restrictions are limiting its use among state tourism agencies. Photo: MIKE BLAKE/REUTERSTikTok, the wildly popular ByteDance-owned short-video app, became a major conduit for travel and tourism marketing during the pandemic as more people began using it to plan long-postponed vacations. But a wave of state-level orders and bills banning TikTok on government-issued devices because of national-security concerns—along with the Biden administration’s threat to pass a nationwide ban—has clouded the plans of many so-called destination marketing organizations that have come to rely on it.

☆ Party City is planning to close over 30 stores across the country — here's the full list
▼ + stars: | 2023-05-09 | by ( Avery Hartmans | Ben Tobin | ) www.businessinsider.com time to read: +5 min

Party City says it's closing over 30 stores after filing for Chapter 11 bankruptcy protection. Cartersville: Cartersville Crossing, 451 East Main St.IowaWaterloo: Crossroads Commons Shopping Center, 1415 Flammang Dr.IllinoisBradley: Bradley Commons, 2060 N. State Rte. 20Felch Street Shopping Center, 3050 Beeline Rd., Ste. L12East Hills Shopping Center, 3702 Frederick Ave., Ste. K2Five Points Shopping Center, 4101 Hwy.

“Our feet frozen, frozen, – the whole body frozen.”A tent encampment is seen along a street in Ciudad Juárez. Janeysi Games sits under a blanket strung to a wall to provide shade in Ciudad Juárez. “I want to cross, but not illegally,” said Janeysi Games, who reached Ciudad Juárez with her husband and daughter after taking a series of trains. A fire in Ciudad Juárez several weeks ago has made matters even harder, she said. And with more and more people arriving all the time in Ciudad Juárez, they will not be the last.

Across the city, writers gathered outside the Culver Studios, where Amazon has an office. has painted the dispute in stark terms, saying that the rise of streaming and the explosion of TV production have eroded working conditions.

☆ 'Hey Netflix! You broke it — now fix it': On the picket lines with Hollywood writers as they bring signs, slogans, and sunscreen to their fight against the studios for 'as long as it takes'
▼ + stars: | 2023-05-03 | by ( Reed Alexander | Alison Brower | ) www.businessinsider.com time to read: +12 min

A writers' strike has been underway since overnight Monday. Thousands of Hollywood writers have fanned out across the streets of Los Angeles since early Tuesday afternoon, waving signs and chanting to demonstrate their resolve. Insider spoke with eight WGA members who are picketing or contributing to the work stoppage in other ways. Are you a member of the Writers Guild of America or do you work in the entertainment industry? How is the writers' strike impacting you?

☆ Whole Foods suddenly closed a San Francisco store just a year after opening it
▼ + stars: | 2023-04-11 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Whole Foods is closing its flagship store in San Francisco just over a year after it opened. Retailers like Walgreens have previously cited increased crime for stores closing in the city. The grocery store's last day open was Monday, The San Francisco Standard reported. Other retailers have cited crime as the reason for closing locations in San Francisco. Downtown San Francisco also hasn't been as busy since the start of the pandemic, the Standard reported.

☆ Savvy Games to acquire gaming company Scopely for $4.9 bln
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +1 min

April 5 (Reuters) - Savvy Games Group, wholly owned by Saudi Arabia's Public Investment Fund (PIF), has agreed to acquire Scopely, a maker of mobile games based in Culver City, California, for $4.9 billion, the companies said on Wednesday. Scopely, founded in 2011, will become an autonomous operation under the Savvy umbrella, they said in a statement, noting the deal will "strengthen Savvy's global position" and enable Scopely to accelerate growth. Last year, state news agency SPA said Savvy would invest 142 billion riyals ($37.85 billion) in initiatives aimed at making the kingdom a global hub for gaming. In February, Savvy bought a $265 million stake in the Chinese E-sports company VSPO backed by Tencent Holdings Ltd (0700.HK). ($1 = 3.7513 riyals)Reporting by Rishabh Jaiswal in Bengaluru; Editing by Richard ChangOur Standards: The Thomson Reuters Trust Principles.

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