logo
Plus   Neg
Share
Email

Pandora Moving Higher On Plans To Cut 5% Of Workforce

Shares of Pandora Media (P) are extending a recent move to the upside during trading on Thursday, climbing by 6.7 percent. With the gain, Pandora has reached its best intraday level in almost a month.

The advance by Pandora comes on news the music streaming services plans to cut about 5 percent of its workforce as part of an organizational restructuring.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Hundreds of Google employees signed a petition protesting the company's secret project to develop a censored version of its search engine for China. In a letter, posted by Buzzfeed and first reported by the New York Times, the employees said that work on the project and Google's return to China raises "urgent moral and ethical issues." Google is trying to keep a foothold in China. U.S. President Donald Trump has expressed support for a possible end to quarterly earnings reports for publicly traded companies, saying it would allow greater flexibility and save money. Nvidia Corp. (NVDA) Thursday reported a surge in its second-quarter profit, driven largely by a better-than-expected growth in revenues and strong margins. However, shares of the graphics chip maker slipped about 4 percent in extended session, as its revenue outlook for the current quarter fell short...
Follow RTT