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Reuters - 3 days ago

GameStop gains as lower costs blunt turnaround worries

UPDATE 1-GameStop gains as lower costs blunt turnaround worries Recasts throughout, updates shares By Zaheer Kachwala Dec 7 (Reuters) - GameStop GME.N shares reversed course to gain 2% on Thursday as cost cuts at the brick-and-mortar videogame retailer offered some relief to investors worried about its slowing pivot to e-commerce. The stock had dropped as much as 8% in early trading as the company's third-quarter revenue missed market expectations on Wednesday, underscoring the turnaround challe
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Reuters - 3 days ago

GameStop slides as revenue decline raises turnaround worries

GameStop slides as revenue decline raises turnaround worries By Zaheer Kachwala Dec 7 (Reuters) - GameStop shares fell 7% before the bell on Thursday on signs that it will take longer for the brick-and-mortar videogame retailer to stem a revenue decline due to tough competition and weak demand. Once a meme-stock darling, the company's GME.N third-quarter revenue fell and missed market expectations, underscoring the turnaround challenge faced by top investor Ryan Cohen, who became CEO and chairma
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Reuters - 2 weeks ago

More US retailers adopt 'keep it' returns policies to shelter profits in holiday surge

FOCUS-More US retailers adopt 'keep it' returns policies to shelter profits in holiday surge By Lisa Baertlein and Arriana McLymore LOS ANGELES/NEW YORK, Nov 30 (Reuters) - As holiday shoppers return items purchased during Black Friday and Cyber Monday online shopping sprees, more U.S. retailers could tell them to keep items that cost more to ship back than they are worth.
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Reuters - 2 weeks ago

Tech companies to sign agreement with UK government to tackle online fraud

Tech companies to sign agreement with UK government to tackle online fraud LONDON, Nov 30 (Reuters) - Eleven of the world's biggest tech companies, including Amazon.com AMZN.O , Alphabet's GOOGL.O Google and Microsoft MSFT.O , will sign an agreement with the British government on Thursday to step up their efforts to tackle online fraud, the interior ministry said.
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Reuters - 2 weeks ago

Rover agrees to $2.3 billion go-private deal with Blackstone

UPDATE 1-Rover agrees to $2.3 billion go-private deal with Blackstone Adds details of the deal By Abigail Summerville Nov 29 (Reuters) - Pet care company Rover Group ROVR.O on Wednesday said private equity firm Blackstone BX.N will take it private in a $2.3 billion all-cash deal. The company's shareholders will receive $11 per share at a premium of 29.4% from the last close price.
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