U.S. largest radio station iHeart Media files for bankruptcy

​iHeartMedia Inc. filed for Chapter 11 bankruptcy on Thursday as the largest U.S. radio station owner reached an in-principle agreement with creditors to restructure its overwhelming debt load. The company, which filed for bankruptcy along with some of its units, said it ‍reached the agreement with holders of more than $10 billion of its outstanding… Read More U.S. largest radio station iHeart Media files for bankruptcy

Samsung Electronics set to kick-off new memory chip production line in China

​Samsung Electronics Co. Ltd. plans to begin building a new memory chip production line in China in late March, a spokesman said on Thursday, as the tech giant ramps up efforts to boost NAND flash technology to meet future demand. The tech giant said in August last year that it expected to invest $7 billion… Read More Samsung Electronics set to kick-off new memory chip production line in China

Trade regulators raid Amazon Japan office over suspected anti-trust violation

Amazon Japan said on Thursday it had been raided by the country’s fair trade regulator on suspicion of a possible anti-trust violation. An Amazon Japan spokesperson said it was fully cooperating with the Fair Trade Commission but declined to elaborate or comment on details about the suspected violations outlined in earlier local media reports. Citing… Read More Trade regulators raid Amazon Japan office over suspected anti-trust violation