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GameStop Corp. (GME) Thursday said it has appointed George Sherman as Chief Executive Officer, effective April 15, 2019. Sherman succeeds Shane Kim, who has served as interim Chief Executive Officer since May 2018 and as a director since July 2011. Most recently, Sherman served as chief executive...

Nike Inc. (NKE), the world's largest athletic shoes and apparel maker, Thursday said its third-quarter profit trumped Wall Street estimates, while revenues came in line with expectations. Beaverton, Oregon-based Nike reported third-quarter profit of $1.10 billion or $0.68 per share, compared with...

Pinterest Inc. has hired Walmart Jeremy King as its head of engineering. The news comes just a day after Walmart announced that King was stepping down from his role as executive VP and chief technology officer for a "new adventure." King will now be responsible for Pinterest's "visual discovery engine"...

Rite Aid (RAD) shareholders have approved a plan for reverse stock split of the company's shares. The reverse stock split will lower the drugstore chain's number of outstanding shares and in turn boost its share price enough to continue trading on New York Stock Exchange. Rite Aid shares are currently...

Enel SpA Thursday said it full-year 2018 EBITDA rose 4.5% to 16.35 billion euros from 15.65 billion euros in 2017. The increase in EBITDA reflects the improvement in margins on renewables, end-user markets in Italy and Spain and in the distribution business as well as the effects of the efficiency...

Mortgage rates or interest rates on home loans continue to slide, reaching 13-month low, according to mortgage provider Freddie Mac. Releasing the results of its primary mortgage market survey, Freddie Mac said that the 30-year fixed-rate mortgage or FRM averaged 4.28 percent for the week ending March...

Novo Nordisk said that its Annual General Meeting approved the actual remuneration of the Board of Directors for 2018 and the remuneration level for 2019, the Company's statutory Annual Report 2018. The Revised Remuneration Principles were adopted. But a proposal from a shareholder to reduce prices...

Nine West Holdings, Inc. said it has successfully completed its financial as well as operational restructuring and emerged from Chapter 11 under the majority equity ownership of CVC Credit Partners and Brigade Capital. The company, which has now been renamed Premier Brands Group Holdings LLC, said...

biogen-eisai-032119.jpg Shares of Biogen Inc. are falling almost 28 percent in Thursday's trading after the company and Japanese drugmaker Eisai Co. said they will discontinue two late-stage trials for their experimental Alzheimer's drug, Aducanumab. The two Phase 3 trials, ENGAGE and EMERGE, are multi-center, randomized, double-blind, placebo-controlled, parallel-group studies designed to evaluate Aducanumab.

Facebook (FB) said its artificial intelligence systems failed to automatically detect video that showed the terrorist attack in Christchurch, New Zealand. In a blog post posted, Guy Rosen, vice presesident, Product Management of Facebook , wrote that Facebook's artificial intelligence systems are...

Freddie Mac (FMCC.OB) announced that Donald Layton will retire as CEO and the Board has appointed David Brickman to succeed him, effective July 1. In September 2018, the Board announced Brickman's promotion to President and Layton's intent to retire in the second half of the 2019. After the search and...

While reporting financial results for the second quarter on Thursday, Actuant Corp. (ATU) reaffirmed its outlook for the full year 2019 and provided guidance for the third quarter of 2019. For fiscal 2019, the company reaffirmed its guidance for adjusted earnings in a range of $1.09 to $1.20 per share...

Ford Motor Co. (F) said Thursday that Chief Financial Officer Bob Shanks plans to retire from the automaker at the end of 2019. He will be succeeded by Tim Stone, a finance executive who served 20 years at Amazon.com Inc. (AMZN), and as CFO of Snap Inc. (SNAP). The company also announced other major...

Inovio Pharmaceuticals, Inc. (INO) announced its Ebola vaccine, INO-4201, was safe, tolerable, and generated strong T cell and antibody responses, according to Phase 1 data. The company said the study demonstrated that intradermal (skin) administration with Inovio's CELLECTRA delivery device resulted...

Conagra Brands Inc. (CAG) said it has updated its fiscal year 2019 outlook, including reaffirming its guidance for adjusted earnings per share from continuing operations. The company's integration of the Pinnacle business, which was acquired in October 2018, remains on track. The company realized...

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