(Reuters) – Activist investor Carl Icahn has a sizeable short position in video game retailer GameStop Corp, Bloomberg News reported on Monday, citing sources familiar with the matter. GameStop,[...]
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November 21, 2022
Labor union Teamsters ratifies contract at Kroger
(Reuters) -Labor union International Brotherhood of Teamsters said on Monday a new national contract at U.S. grocery chain Kroger Co has been ratified with overwhelming support. The five-year master a[...]
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Wall Street slips as concerns rise of stricter China COVID curbs
By Carolina Mandl (Reuters) – Wall Street’s main indexes ended Monday roughly down on fears that China could resume stricter measures to fight COVID-19 after it said it faces its most seve[...]
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Zoom cuts annual revenue forecast on slow online business
By Tiyashi Datta (Reuters) – Zoom Video Communications Inc on Monday lowered its annual revenue forecast, as the video-conferencing platform expects a hit from declining online business. Zoom ch[...]
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Infinity Q founder, once claiming $3 billion assets, pleads guilty to fraud
By Jonathan Stempel and Jody Godoy NEW YORK (Reuters) – The founder of Infinity Q Capital Management, a New York firm accused of inflating assets by over $1 billion to collect more fees, pleaded[...]
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U.S. prosecutors opened probe of FTX months before its collapse – Bloomberg News
(Reuters) -Crypto exchange FTX was on the radar of federal prosecutors in Manhattan months before its collapse, Bloomberg News reported on Monday citing people familiar with the investigation. The U.S[...]
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Disney says returning CEO Iger to get $1 million base salary
(Reuters) – Walt Disney Co said on Monday returning Chief Executive Robert Iger will get an annual base salary of $1 million and a long-term incentive award with a target value of $25 million. H[...]
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EV startup Faraday Future raises going concern doubt, delays deliveries
(Reuters) -Faraday Future Intelligent Electric said on Monday it had “substantial doubt” about its ability to continue as a going concern, adding that it is uncertain when it can complete[...]
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Musk tells Twitter staff no more layoffs planned – Verge
(Corrects syntax, adds Twitter in headline) (Reuters) – Twitter’s new owner Elon Musk told staff in an all-hands meeting that the company does not plan more layoffs and is recruiting for e[...]
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