Wednesday, 3 February 2021

Papa John's shareholder lawsuit over 'toxic' workplace culture is dismissed

Papa John's shareholder lawsuit over 'toxic' workplace culture is dismissed

Papa John's International Inc on Wednesday won the dismissal of a lawsuit accusing the pizza chain and founder John Schnatter of defrauding shareholders by concealing its "toxic" workplace environment.

Swings in some Reddit favorites ease; Yellen eyes stock volatility

Wild swings in stock prices of GameStop and other social media darlings subsided on Wednesday, a day after a sharp selloff, as investors turned their focus to the possibility of tighter U.S. trading regulations.

SEC studies social media posts for signs of fraud in GameStop frenzy: Bloomberg

The U.S. securities regulator is reviewing social media posts for signs of potential fraud in frenzied trading of GameStop Corp's and other companies' shares, Bloomberg News reported on Wednesday, citing people familiar with the matter.

Commerzbank's new CEO finalizes plans to cut 10,000 jobs

Commerzbank's new chief executive Manfred Knof on Wednesday finalized plans to cut 10,000 jobs and close hundreds of branches, a radical overhaul for Germany's No. 2 bank that had eluded his predecessor.

With Bezos out as Amazon CEO, is this the end of his ominous question-mark emails?

For staff at Amazon.com Inc, the departure of CEO Jeff Bezos may spell the end of one of the company's unusual and, for some managers, frightening practices: the "question-mark" email.

Wall Street rally cools after two-day climb; Alphabet jumps

The S&P 500 and the Nasdaq treaded water in choppy trading on Wednesday after two days of sharp gains while Alphabet Inc's shares headed for their best day in nine months following its strong quarterly results.

U.S. crude hits one-year highs after U.S. stock drawdown

Oil prices rose almost 2% on Wednesday, with U.S. crude reaching its highest settlement level in a year after stockpiles fell to their lowest levels since March.

Stocks rally on strong earnings, oil gains

Global equities rose on Wednesday, lifted by strong results from Alphabet Inc and upbeat earnings in Europe, while oil prices advanced almost 2% to their highest in nearly a year after data showed U.S. crude stockpiles fell to their lowest since March.

Ford's forecast in focus as it wraps up year with quarterly loss

Ford Motor Co's investors are likely to brush aside the company's quarterly loss on Thursday and focus on its 2021 forecast and production target for the revamped F-150 pickup truck, a consistent bestseller in the U.S. automobile market.

Exclusive: Merck anti-baldness drug Propecia has long trail of suicide reports, records show

Newly unsealed court documents and other records show that Merck & Co and U.S. regulators knew about reports of suicidal behavior in men taking the company's anti-baldness treatment Propecia when they decided not to warn consumers of those potential risks in a 2011 update of the popular drug's label.

Related Videos

U.S. private jobs rebound sharply in January

U.S. private payrolls rebounded more than expected in January, suggesting the labor market recovery was back on track after the economy shed jobs in December. Fred Katayama reports.

Spotify outlook weakens amid pandemic uncertainty

Spotify on Wednesday forecast that revenue and paid subscribers would miss Wall Street estimates this quarter due to uncertainty over how long the coronavirus crisis would last and with it a surge in demand for its music streaming. Conway G. Gittens reports.
eNL Native Image for Refinitiv.png
Sponsored by LSEG: Open Makes More Possible

London Stock Exchange Group is now a global multi-asset class markets infrastructure partner, powered by the outstanding depth and breadth of our data.

LEARN MORE
at