Battered drug store chain Rite Aid Corporation (RAD) is showing signs of bottoming out after a brutal downtrend that has given up an astounding 93% of the stock’s value in less than three years and forced a 1-for-20 reverse split. While this isn’t a call for a …
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The UK’s economy may have tipped into recession following a downturn in the dominant service sector, according to closely-watched figures. The IHS Markit/CPS purchasing managers’ index for services fell to a six-month low of 49.5 in September. The 50 …
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GoPro on Wednesday cut its revenue and profit forecasts for the rest of the year, hit by a delay in production of its latest Hero8 Black cameras, triggering a 19% drop in its shares. The company, which launched two new cameras including a ramped-up version …
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Native advertising duo Outbrain and Taboola have announced their intention to merge in a deal billed by the companies’ leadership as a bid to rival the likes of Amazon, Facebook and Google for ad spend. Taboola founder and CEO Adam Singolda will head …
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Capital raise is the number one priority and we will look for the right opportunity to be able to go there in the market and raise the money that we are looking for. We have been talking to large global PE funds, some Indian family offices and a couple of strategic …
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