GameStop Shares Fall on Surprise Loss

The videogame retailer's quarterly revenue beat analysts' expectations, but a loss for the holiday period wasn't expected. 


 
FedEx Benefits From Higher Prices as Package Volumes Slip

Pandemic package boom continues to wane, but Omicron and higher wages cut into margins. 


 
Delta Is Giving Workers Their First Pay Raise Since Before the Pandemic

Chief Executive Ed Bastian said the airline has come a long way since the start of the pandemic, as the 4% wage increase mark a return to regular base-pay raises. 


 
Amazon Closes Deal to Acquire MGM

The tech giant closed on its $6.5 billion deal for the MGM movie and television studio, adding 4,000 films including the James Bond franchise and thousands of TV episodes to its holdings. 


 
Inflation Could Squeeze Dollar Stores, Too

Dollar General's results show rising overall prices are a problem not only for consumers but also for retailers' input costs. 


 
Koch Industries breaks silence on Russia operations - and says it will continue to operate its two glass factories there

Koch Industries, the Wichita, Kan., company run by right-wing billionaire Charles Koch, broke silence on its plans for its Russia operations on Wednesday -- and said it would continue to operate its two glass manufacturing facilities there. 


 
Warby Parker, an Online Disrupter, Now Bets Big on Bricks and Mortar

Eyewear retailer plans to open 40 stores this year, though it forecast slower sales growth versus 2021. 


 
MGM Resorts Stakeholder Barry Diller's Gambling License Is Delayed by Regulator

The top gambling regulator in Nevada delayed MGM Resorts International stakeholder Barry Diller's licensing, after the launch of investigations into his share purchases of Activision Blizzard before it agreed to be acquired by Microsoft early this year. 


 
Courtroom Drama Clouds Recovery for Regal Cinemas' Owner

London-listed Cineworld needs consumers to return to the movies, but its financial health won't look secure without an end to its legal woes. 


 
Netflix Wants to Charge Users Who Share Accounts

A few weeks after Netflix raised its subscription price in the U.S., the company is testing a feature that will charge customers an extra fee for the ability to share accounts.


(END) Dow Jones Newswires

03-17-22 1915ET