CCOS

Peloton to cut jobs, shut stores and raise prices in company-wide revamp

Aug 12 (Reuters) – Peloton Interactive Inc (PTON.O) said on Friday it would cut jobs, shut stores and raise prices on its exercise equipment including treadmills and top-end bikes as it undertakes a company-wide revamp to shore up its revenue and improve cash flow. Shares of the company surged about 11% in afternoon trade after …

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Novelist Salman Rushdie on ventilator after New York stabbing

NEW YORK, Aug 12 (Reuters) – Salman Rushdie, the Indian-born novelist who spent years in hiding after Iran urged Muslims to kill him because of his writing, was stabbed in the neck and torso onstage at a lecture in New York state on Friday and airlifted to a hospital, police said. After hours of surgery, …

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Robinhood must face US market manipulation claims over ‘meme stock’ rally, judge rules

The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company’s IPO in New York City, US, July 29, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com register Aug 11 (Reuters) – Stock trading platform Robinhood Markets Inc (HOOD.O) must face market manipulation claims over …

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McDonald’s to start reopening restaurants in Ukraine

Aug 11 (Reuters) – McDonald’s Corp (MCD.N) said on Thursday it plans on reopening its restaurants in Ukraine over the next few months in an early sign of western businesses returning to the country, even as the conflict with Russia continues. The world’s biggest burger chain closed all its restaurants in Ukraine and Russia in …

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Samsung unveils new foldable smartphones, seeking keep lead in growing market

SEOUL, Aug 10 (Reuters) – Samsung Electronics (005930.KS) unveiled its latest high-end foldable smartphones on Wednesday, keeping prices at the same level as last year’s in a bid to cement its leadership in an expanding niche market. The smartphone maker priced its clamshell Galaxy Z Flip4 at $999.99, and the 5G-enabled top-line Galaxy Z Fold4 …

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Disney tops Netflix on streaming subscribers, sets higher prices

A smartphone screen showing the “Disney+” logo is seen in front of the words “streaming service” in this illustration taken March 24, 2020. REUTERS/Dado Ruvic Register now for FREE unlimited access to Reuters.com register LOS ANGELES, Aug 10 (Reuters) – Walt Disney Co (DIS.N) edged past Netflix Inc (NFLX.O) with a total of 221 million …

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Hollywood actress Anne Heche in coma since fiery car crash

Anne Heche attends the premiere for the film “The Tender Bar” at The TLC Chinese Theater in Los Angeles, California, US, December 12, 2021. REUTERS/Aude Guerrucci Register now for FREE unlimited access to Reuters.com register LOS ANGELES, Aug 8 (Reuters) – Hollywood actress Anne Heche remained hospitalized in critical condition, comatose and connected to a …

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Berkshire Hathaway posts massive $43.8 billion loss; operating results improve

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, US, May 4, 2019. REUTERS/Scott Morgan//File Photo Register now for FREE unlimited access to Reuters.com register Aug 6 (Reuters) – The slide in US stock prices …

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Beyond Meat cuts sales forecast as consumers shun pricier faux meat

Products from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California, US, June 5, 2019. REUTERS//File Photo Register now for FREE unlimited access to Reuters.com register Aug 4 (Reuters) – Beyond Meat Inc (BYND.O) on Thursday lowered its revenue forecast for the year and announced job cuts …

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S&P 500 flat as Apple, energy shares weigh

A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, August 3, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com register Eli Lilly falls after cutting annual profit view Eyes on nonfarm payrolls report on Friday Indexes: Dow off 0.16%, S&P flat, …

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