Videogames are heading for a U.S. sales decline in 2022, but a looming recession and new releases could turbocharge a rebound in 2023, according to one analyst. Stifel analyst Drew Read more
Tag: Corporate Actions
Affirm added to ‘zombie’ stocks list by equity research firm New Constructs
Buy now pay later operator Affirm has been added to the list of ‘zombie’ stocks compiled by independent equity research firm New Constructs. The research firm, which uses machine learning Read more
Katzenberg: Cybersecurity startup Aura is profitable, but no IPO for now
Cybersecurity startup Aura is profitable and headed for $300 million in annual revenue, according to backer and Hollywood legend Jeffrey Katzenberg, but an initial public offering is not planned in Read more
Melt Pharmaceuticals files for IPO
Melt Pharmaceuticals, Inc. filed for an initial public offering with the Securities and Exchange Commission on Wednesday. The company said it is focused on developing and commercializing “proprietary non-opioid, non-IV, Read more
Jesse Powell, co-founder of crypto exchange Kraken, steps down as CEO
Jesse Powell, co-founder of crypto exchange Kraken, will step down as the company’s chief executive, the company said Wednesday. Dave Ripley, the company’s chief operating officer, will succeed Powell as Read more
Opinion: Washington must stand firm on supporting domestic manufacturing of electric vehicles
The sprawling Inflation Reduction Act (IRA) that President Joe Biden signed last month touches on everything from Medicare costs and corporate stock buybacks to labor protections and clean-energy projects. However, it also Read more
Micron stock downgraded amid ‘steepening price declines’
Mizuho analyst Vijay Rakesh is concerned about memory demand and its impact on pricing, trends that he thinks could weigh on shares of Micron Technology Inc. and Western Digital Corp. Read more
Opinion: Companies win when employees are in the office, but threats, orders and mind-numbing work won’t get them back
In corporate boardrooms across the globe, lively debate is occurring around getting employees to return to the office. After more than two years of pandemic-forced remote work, many CEOs want Read more
Aveva agrees to $10.79 billion by Schneider Electric
Aveva Group PLC said Wednesday that it has agreed to a 9.48 billion pound ($10.79 billion) takeover by its major shareholder French energy management and automation group Schneider Electric SE. Read more
German government nationalizes Uniper in a deal that will see it buy Fortnum stake, inject nearly $8 billion
Finnish energy group Fortum Oyj said Wednesday it has agreed to sell its stake in Uniper SE to the German state in a move aimed at securing energy supply in Read more