Plus   Neg

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
Tesla Inc.'s (TSLA) mass-market Model 3 sedan, which will be available in two new versions with dual motors and all-wheel drive in July, has failed to earn a recommendation from Consumer Reports. Department store chain Kohl's Corp. reported financial results for the first quarter that beat analysts' estimates. Meanwhile, off-price retailer TJX Companies, Inc. reported adjusted earnings for the first quarter that missed analysts' expectations, even as its revenues beat estimates. Both the companies raised their earnings outlook for the full year. Shortly after announcing a racial bias training for the staff, Starbucks revealed its changed policy of allowing anyone to use its spaces, rest rooms, cafes and patios even without buying anything from the stores. The new policy will be consistent all across U.S. stores.
Follow RTT