Tag Archives: business

Reuters: Former Theranos COO sentenced to nearly 13 years

[ad_1] CNN Business  —  Ramesh “Sunny” Balwani, the former chief operating officer of failed blood testing startup Theranos, was sentenced Wednesday to nearly 13 years in prison for fraud. It marks an end to the stunning downfall of a high-flying Silicon Valley company that resulted in the rare convictions of two tech executives. “There …

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GameStop (GME) earnings Q3 2022

[ad_1] A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022. Brendan McDermid | Reuters GameStop said Wednesday its fiscal third quarter sales declined and its cash pile sharply dwindled, as the brick-and-mortar retailer has been working …

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Rent the Runway (RENT) Q3 earnings 2022

[ad_1] Jennifer Hyman, Rent the Runway  Scott Mlyn | CNBC As some shoppers think twice about purchases, Rent the Runway is getting a bump. The fashion rental and subscription company on Wednesday reported stronger quarterly revenue that beat expectations and raised its financial outlook for the year as customers opted …

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Carvana, MongoDB, TripAdvisor, Toll Brothers and more

[ad_1] A mascot of TripAdvisor is seen at its display at a trade fair. Axel Schmidt | Reuters Check out the companies making headlines in midday trading. Carvana — Shares of the online car dealership fell 42.9% after Carvana’s largest creditors signed an agreement to negotiate together with the company. …

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