By , (Reuters) -GameStop Corp on Monday increased the value of new stock it may sell from $100 million to $1 billion, as the U.S. video game retailer seeks to capitalize on a surge in its shares from a Reddit-driven rally this year.GameStop stock has rampaged over 900% higher since January in highly volatile trading as amateur investors organized on social media sites such as Reddit staged a stubborn buying spree, winning out over Wall Street hedge funds that had shorted its shares.GameStop’s shares fell as much as 13.9% on Monday. They briefly reversed course to trade up slightly, but were...…By , (Reuters) -GameStop Corp on Monday increased the value of new stock it may sell from $100 million to $1 billion, as the U.S. video game retailer seeks to capitalize on a surge in its shares from a Reddit-driven rally this year.GameStop stock has rampaged over 900% higher since January in highly volatile trading as amateur investors organized on social media sites such as Reddit staged a stubborn buying spree, winning out over Wall Street hedge funds that had shorted its shares.GameStop’s shares fell as much as 13.9% on Monday. They briefly reversed course to trade up slightly, but were...WW…

By , (Reuters) -GameStop Corp on Monday increased the value of new stock it may sell from $100 million to $1 billion, as the U.S. video game retailer seeks to capitalize on a surge in its shares from a Reddit-driven rally this year.GameStop stock has rampaged over 900% higher since January in highly volatile trading as amateur investors organized on social media sites such as Reddit staged a stubborn buying spree, winning out over Wall Street hedge funds that had shorted its shares.GameStop’s shares fell as much as 13.9% on Monday. They briefly reversed course to trade up slightly, but were...…By , (Reuters) -GameStop Corp on Monday increased the value of new stock it may sell from $100 million to $1 billion, as the U.S. video game retailer seeks to capitalize on a surge in its shares from a Reddit-driven rally this year.GameStop stock has rampaged over 900% higher since January in highly volatile trading as amateur investors organized on social media sites such as Reddit staged a stubborn buying spree, winning out over Wall Street hedge funds that had shorted its shares.GameStop’s shares fell as much as 13.9% on Monday. They briefly reversed course to trade up slightly, but were...WW…

By , WASHINGTON (Reuters) -Coca-Cola Co and Delta Air Lines on Wednesday joined a bid by U.S. companies to challenge the state of Georgia’s new voting restrictions, with both Atlanta-based companies calling the law unacceptable.Microsoft Corp, , which in February announced a major new investment in Atlanta, Georgia’s capital, added its voice, with President Brad Smith saying provisions of the law signed last week “unfairly restrict the rights of people to vote legally, securely, and safely.”Citi Chief Financial Officer Mark Mason said in a LinkedIn post he was “appalled by the recent voter...…By , WASHINGTON (Reuters) -Coca-Cola Co and Delta Air Lines on Wednesday joined a bid by U.S. companies to challenge the state of Georgia’s new voting restrictions, with both Atlanta-based companies calling the law unacceptable.Microsoft Corp, , which in February announced a major new investment in Atlanta, Georgia’s capital, added its voice, with President Brad Smith saying provisions of the law signed last week “unfairly restrict the rights of people to vote legally, securely, and safely.”Citi Chief Financial Officer Mark Mason said in a LinkedIn post he was “appalled by the recent voter...WW…

By , (Reuters) - GameStop Corp said on Tuesday it may sell new shares as the U.S. video game retailer that led the Reddit rally of “meme stocks” looks to take advantage of a more-than-800% surge in its stock price since January.Shares of the brick-and-mortar retailer gyrated after hours and were last down around 14%, adding to a loss of over 6% during the regular trading session.GameStop commented on the potential share offering in a regulatory filing for fourth-quarter earnings which showed a return to profitability, with 175% growth in e-commerce sales.The company reported a dip in...…By , (Reuters) - GameStop Corp said on Tuesday it may sell new shares as the U.S. video game retailer that led the Reddit rally of “meme stocks” looks to take advantage of a more-than-800% surge in its stock price since January.Shares of the brick-and-mortar retailer gyrated after hours and were last down around 14%, adding to a loss of over 6% during the regular trading session.GameStop commented on the potential share offering in a regulatory filing for fourth-quarter earnings which showed a return to profitability, with 175% growth in e-commerce sales.The company reported a dip in...WW…

By The department store chain, which had about 123,000 employees at the end of January, said it expects to save about $365 million in fiscal 2020 and about $630 million every year as a result of the layoffs.Macy’s had in May warned of nearly $1 billion in operating losses in its first quarter and said it would turn into a “smaller company”.The job cuts come at a time when unemployment figures in the United States are already high. Rising coronavirus infections in many U.S. states including California, Texas and Florida are likely to hurt employment further as some people stay away from...…By The department store chain, which had about 123,000 employees at the end of January, said it expects to save about $365 million in fiscal 2020 and about $630 million every year as a result of the layoffs.Macy’s had in May warned of nearly $1 billion in operating losses in its first quarter and said it would turn into a “smaller company”.The job cuts come at a time when unemployment figures in the United States are already high. Rising coronavirus infections in many U.S. states including California, Texas and Florida are likely to hurt employment further as some people stay away from...WW…

By The company said it had seen an increase in consumers making breakfast and snacking during the day while stuck under stay-at-home orders, leading to a surge in sales of snacks, oatmeal and Aunt Jemima pancakes late in the first quarter.Its drinks business, however, is not faring as well under the tough moves to stifle the virus, and the company ditched its full year forecast and predicted second-quarter organic sales would decline at a low single digit rate.PepsiCo finance chief Hugh Johnston stressed the group was less exposed than Coca-Cola to the part of the market hit the hardest by...…By The company said it had seen an increase in consumers making breakfast and snacking during the day while stuck under stay-at-home orders, leading to a surge in sales of snacks, oatmeal and Aunt Jemima pancakes late in the first quarter.Its drinks business, however, is not faring as well under the tough moves to stifle the virus, and the company ditched its full year forecast and predicted second-quarter organic sales would decline at a low single digit rate.PepsiCo finance chief Hugh Johnston stressed the group was less exposed than Coca-Cola to the part of the market hit the hardest by...WW…