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GameStop Corp. shares were slammed again on Wednesday, as analysts weighed in on another weak quarter that prompted one to invoke Jim Morrison to describe the continued unraveling of the videogame retailer. “Journey we more into the Nightmare,” the lyric from The Doors’ “An American Prayer,” is how Benchmark analyst Mike Hickey began his latest note on GameStop GME, -16.82%, […]
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If McDonald’s Corp. decides to add the P.L.T. to its menu in the U.S., there a good chance Beyond Meat Inc. won’t be the only plant-based burger provider the quick-service giant partners with, UBS said Tuesday. McDonald’s MCD, +0.13%announced in September that it was testing the P.L.T., or plant, lettuce and tomato, in Ontario, Canada. Analysts question whether the test […]
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In its blistering filing challenging the award of a $10 billion Pentagon contract to Microsoft Corp., Amazon.com Inc. claims the software giant was so “shocked” about winning the award that it took nearly a day to comment on the win. When Amazon AMZN, -0.34% filed its appeal to the decision Monday morning, it took about half the time for Microsoft MSFT, […]
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That’s Dr. Roey Tzezana, a “future studies” researcher at Tel Aviv University and a research fellow at Brown University, referring to the growing gap between labor productivity and wages, as seen in this chart: In other words, as automation continues to render jobs obsolete, the divide between the rich and everybody else will only continue to grow, and the middle […]
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LAS VEGAS — Amazon.com Inc. has preached the power of the cloud in managing mountains of data. On Wednesday, it announced a whopper of a deal that puts its philosophy to the test: Amazon Web Services is teaming with FINRA CAT LLC, a subsidiary of the Financial Industry Regulatory Authority, to oversee trading in U.S. securities markets that would ingest […]
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PENSACOLA, Fla. (AP) — A shooter opened fire at the Naval Air Station in Pensacola Friday morning in an attack that left three people dead including the assailant, and multiple people injured. The gunfire prompted a massive law enforcement response to the base, which was locked down. Base spokesman Jason Bortz told The Associated Press that two victims were dead. […]
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Shares of Expedia Group Inc. soared more than 7% Wednesday, after the online travel services company surprised the market with the news that its CEO and CFO are out after about two years in their roles, following a disagreement with the board of directors on strategy. Chief Executive Mark Okerstrom and Chief Financial Officer Allan Pickerill are resigning, the company […]
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It’s not only major U.S. companies with stocks included the Dow Jones Industrial Average that are feeling the effects of the U.S. – China trade war. Less than half mid-size American businesses expect their sales and profits to increase next year. And 72% blame President Trump’s international trade policies for their difficulties, according to a survey of 550 companies by […]
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SAN FRANCISCO — The former CEO of Bumble Bee Foods was convicted Tuesday for his part in a canned tuna price-fixing conspiracy involving the industry’s top three companies, federal prosecutors said. A jury in San Francisco found Christopher Lischewski guilty after a four-week trial, the U.S. Department of Justice said in a release. He had pleaded not guilty. Prosecutors said […]
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LOS ANGELES — Helping rescue a dozen boys and their soccer coach from a flooded cave in Thailand should have been one of a British diver’s proudest moments. Instead he found himself branded a pedophile on Twitter by billionaire Elon Musk, his lawyers said Tuesday. Vernon Unsworth “did the only thing he could do,” attorney Taylor Wilson said during opening […]
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