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GameStop quarterly revenue misses estimates amid struggles with digital pivot

GameStop quarterly revenue misses estimates amid struggles with digital pivot

Dec 9 (Reuters) - GameStop posted third-quarter revenue below analysts' estimates on Tuesday, as the video game retailer struggles to gain ground following its pivot to digital downloads and streaming, sending its shares down 5.8% in after-hours trading.
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PepsiCo to Cut Prices and Products Following Activist Investor Deal

PepsiCo to Cut Prices and Products Following Activist Investor Deal

PepsiCo to Cut Prices and Products Following Activist Investor Deal
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Dropbox CFO Timothy Regan to step down

Dropbox CFO Timothy Regan to step down

Dec 10 (Reuters) - File hosting service provider Dropbox said on Wednesday its chief financial officer Timothy Regan will step down after five years in the role and will be succeeded by Ross Tennenbaum, a senior executive at tax software company Avalara.
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Bezos' Blue Origin working on orbital data center technology, WSJ reports

Bezos' Blue Origin working on orbital data center technology, WSJ reports

Dec 10 (Reuters) - Jeff Bezos' aerospace firm Blue Origin has been working for over a year on the necessary technology for artificial intelligence data centers in space, the Wall Street Journal reported on Wednesday, citing a person familiar with the matter.
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Eli Lilly to build $6 billion Alabama plant as part of US manufacturing push

Eli Lilly to build $6 billion Alabama plant as part of US manufacturing push

Dec 9 (Reuters) - Eli Lilly said on Tuesday it will invest more than $6 billion in a new active drug ingredient manufacturing facility in Huntsville, Alabama, to expand U.S. production and bolster medicine supply chains.
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Lazard CEO says a Washington strategy now essential to get deals done

Lazard CEO says a Washington strategy now essential to get deals done

By Manya Saini and Tatiana Bautzer NEW YORK, Dec 10 (Reuters) - Lazard CEO Peter Orszag said on Wednesday dealmakers now need to have a Washington "White House or Cabinet-level strategy" to be able to complete transactions. 
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PepsiCo to cut prices, eliminate products as part of a deal with an activist investor

PepsiCo to cut prices, eliminate products as part of a deal with an activist investor

PepsiCo plans to cut prices and eliminate some of its products under a deal with an activist investor announced Monday
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IBM nears $11 billion Confluent deal to boost cloud push, WSJ reports

IBM nears $11 billion Confluent deal to boost cloud push, WSJ reports

Dec 7 (Reuters) - IBM is in advanced talks to acquire data-infrastructure company Confluent for about $11 billion, the Wall Street Journal reported on Sunday, in a move aimed at boosting Big Blue's ability to capture growing demand for cloud services.
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Paramount makes $108.4 billion hostile bid for Warner Bros Discovery

Paramount makes $108.4 billion hostile bid for Warner Bros Discovery

By Harshita Mary Varghese, Aditya Soni and Dawn Chmielewski Dec 8 (Reuters) - Paramount Skydance on Monday launched a hostile bid worth $108.4 billion for Warner Bros Discovery, in a last-ditch effort to outbid Netflix and create a media powerhouse that would challenge the dominance of the streaming
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KeyCorp CEO doubles down on share buybacks, rules out acquisitions

KeyCorp CEO doubles down on share buybacks, rules out acquisitions

By Manya Saini Dec 9 (Reuters) - U.S. regional lender KeyCorp is not looking to pursue acquisitions despite consolidation in the industry and will use its excess capital for share buybacks, CEO Chris Gorman said on Tuesday.
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SNB to hold policy rate at zero through 2026; negative rates unlikely, say economists: Reuters Poll

SNB to hold policy rate at zero through 2026; negative rates unlikely, say economists: Reuters Poll

By Anant Chandak BENGALURU, Dec 8 (Reuters) - The Swiss National Bank will keep its policy rate unchanged at zero for a second consecutive meeting on Thursday and through 2026 as inflation hovers near the bottom of its target range, according to most economists in a Reuters poll who said the risk of
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European shares weighed down by consumer stocks as Unilever, L'Oreal decline

European shares weighed down by consumer stocks as Unilever, L'Oreal decline

By Purvi Agarwal and Ragini Mathur Dec 8 (Reuters) - European shares were muted on Monday, with declines in consumer-facing stocks offsetting gains in industrials and healthcare stocks, while investors awaited the U.S. Federal Reserve's monetary policy meeting this week.