GameStop said Thursday morning that billionaire activist investor Ryan Cohen would take over as the video game retailer’s chief executive, chairman and president effective immediately — and he won’t be collecting a salary.
Shares of the company fell 1.8%.
GameStop’s board, with Cohen abstaining, unanimously voted to appoint the entrepreneur as...
DETROIT – Tensions are rising and accusations are flying between the Detroit automakers and United Auto Workers, as the union threatens to expand U.S. plant strikes – marking two weeks of work stoppages and the dwindling likelihood of an imminent breakthrough.
The UAW is expected to announce additional strike targets at 10...
Asia-Pacific markets largely climbed in the final trading day of the week, with Hong Kong’s Hang Seng index
leading gains in the region and rising 2.9%.
This comes as traders assess to key economic data out of Japan, including the September inflation rate for Tokyo. The capital’s data is seen as...
China Evergrande Group (3333.HK) sold its luxury superyacht for about $32 million earlier this year, said two sources, further shrinking the developer's offshore assets as its cash crunch worsened and it scrambled to pull together a debt revamp plan.
Evergrande's offshore bondholders are expected to sharpen their focus on offshore...
