Briefs: Singing the St. Louis blues
● ● The National Football League voted to allow the St. Louis Rams to return to Los Angeles for the fall 2016 season and eventually settle into a new $1.9 billion stadium in Inglewood. The move gives the league a presence in the city for the first time in more than two decades. Team owner Stan Kroenke will pay the NFL $650 million in relocation fees over the next 10 years. ●$● General Electric plans to eliminate about 6,500 jobs in Europe, including 765 in France and 1,700 in Germany. The cuts, part of a restructuring designed to achieve $3 billion in savings, follow GE’s $9.2 billion purchase of the energy business of French multinational Alstom. As part of the deal, GE said it would create 1,000 new jobs in France. Samsung Electronics plans to establish an independent committee to inspect its Korean chip factories, after hundreds of workers developed rare cancers and other illnesses. Samsung already has set up an $83 million fund to compensate victims and fund preventive measures. ● ● Al Jazeera America will cease operations on April 30. The cable news channel, which premiered in 2013 after buying Al Gore’s Current TV for $500 million, struggled to build an audience and faced internal strife. In a memo to the staff, CEO Al Anstey didn’t address how many jobs would be lost. ● ● After a four-year absence, Unilever will return to Cuba in a $35 million joint venture with the island nation’s state-owned detergent company, Intersuchel. The Anglo-Dutch company will take a 60 percent stake in the business.
Walt Disney announced that its $5.5 billion Disneyland park and resort will open in Shanghai on June 16, about a year after the biggest Disney store in the world opened there.