GameStop noted that some major recently released games have underperformed the company’s expectations. In a conference call with analysts, GameStop executives mentioned “Call of Duty: Black Ops 4” from Activision Blizzard and “Fallout 76” from Bethesda Softworks as examples.
Month: November 2018
Federal investigators are questioning former employees of General Electric Co. ( GE ) about intricate details in a legacy insurance business that led to accounting problems at the conglomerate in the past year
Former employees tell SEC the company failed to acknowledge worsening results in insurance business
A month since raising crude forecasts, banks reduce expectations for both the global and U.S. oil benchmarks
Banks in November lowered their forecasts for oil prices in 2019 amid signs of rising global supply and a price rout in which crude has lost more than 30% since the start of October.
German authorities descended on Deutsche Bank AG, including its downtown Frankfurt headquarters, in a coordinated raid related to a money-laundering investigation
More than six police vehicles, their blue lights flashing, pulled up to Deutsche Bank’s main offices shortly before 9 a.m., in an operation involving about 170 officers.
Snap Inc (SNAP) has pinned its hopes on the over-35 crowd to revive user growth for its photo messaging app, a shift ad buyers said could backfire.
Oil prices underwent a selloff on Thursday with U.S. crude falling below the $50 a barrel level for the first time in more than a year
Prices came under renewed selling pressure after data on Wednesday showing that U.S. crude inventories increased again last week, hitting their highest levels in more than a year.
Internal emails show Facebook Inc. considered charging companies for continued access to user data several years ago, a step that would have marked a dramatic shift away from the social-media giant’s policy of not selling that information, according to an unredacted court document viewed by The Wall Street Journal.
In what is often a boiler plate report on conditions in the banking system and corporate and business debt, the Fed instead warned of “generally elevated” asset prices that “appear high relative to their historical ranges.”
After briefly claiming the top spot on Monday, Microsoft shares rose 0.6 percent Tuesday, pushing the company’s market value to $828.1 billion at the close. The last time Microsoft’s market capitalization was bigger than Apple was in 2010
Toronto stock market set for rebound if oil prices recover. Investors see value in Toronto’s commodity-linked stock market and expect it to rebound in 2019
China and the United States have slapped tariffs on billions of dollars of each other’s goods, hurting manufacturing and casting a shadow on the outlook for global growth.
Walt Disney Co and Twenty-First Century Fox Inc were sued for more than $1 billion on Monday by casino operator Genting Malaysia Bhd
The lawsuit was filed in the U.S. District Court in Los Angeles as Disney prepares to complete its $71.3 billion purchase of many Fox assets, expected in the first quarter of 2019.