🧬 Interested in pharma, biotech and medical device news? Visit PharmaDeviceNews.com →
Browsing Category

General business news

8629 posts
Read More

Universal Music loses Republic and Def Jam chiefs as €250m cost reset reaches labels

Universal Music Group is completing a restructuring designed to deliver €250 million of annual run-rate savings, with senior executives now leaving Republic Records, Def Jam and Interscope. The latest changes reach deep into the creative leadership of businesses responsible for some of the industry's biggest artists, raising the execution stakes as UMG tries to improve efficiency without weakening artist development.
Lockheed Martin (NYSE: LMT) expands Texas missile production with $300 million investment
Read More

Lockheed Martin unveils $300m Texas munitions expansion as 6,000 new jobs planned

Lockheed Martin is expanding its Grand Prairie manufacturing complex and bringing Hadrian's automated machining technology into missile production, part of a broader $8 billion to $9 billion industrial investment programme through 2030. The initiative targets higher output across major US missile programmes, but the commercial payoff will depend on production ramp-ups, supply chain performance and sustained defence procurement.
Read More

Washington Post moves to smaller Virginia print facility as circulation decline reshapes workforce

The Washington Post will permanently close its Springfield, Virginia printing plant at the end of 2026, affecting 118 employees as production moves toward a much smaller leased facility near Dulles. The closure captures the scale of print-media contraction in physical terms: a plant built for circulation measured in the hundreds of thousands per night is being replaced after average daily print circulation fell below 100,000.