U.S. Securities and Exchange Commission

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GameStop

Business & Lifestyle

GameStop fires CFO, announces layoffs

GRAPEVINE, Tex. (UPI) -- Video game retailer GameStop fired its chief financial officer and announced a series of layoffs on Thursday. The company publicly announced that it had terminated the employment of CFO Michael Recupero, with Chief Accounting Officer Diana Saadeh-Jajeh stepping into the role. Saadeh-Jajeh, who served as interim CFO last year, will earn a starting annual salary of $200,000. In addition, she will be eligible for a "transformation bonus" in an aggregate amount of $1,965,000. This is according to […]

todayJuly 9, 2022 6

Bitcoin cryptocurrency

Business & Lifestyle

Bitcoin falls to lowest level since 2020

NEW YORK (UPI) -- Bitcoin fell once again Thursday as cryptocurrencies suffer from recession concerns. As of 6:45 p.m., Bitcoin was down 9.1%, valued at around $20,500, some of its lowest levels since 2020 and 60% down from its all-time high in November. The cryptocurrency has fallen 20% in the past week amid a broad sell-off in risk assets that have seen the Nasdaq Composite decline 6.1% in the same period. The decline also comes as Terra USD and its […]

todayJune 16, 2022 17

Business & Lifestyle

‘Cyberpunk 2077’ developer target in likely class-action lawsuit

WARSAW, Poland -- The developer of their latest game Cyberpunk 2077 may have more issues than a buggy, unfinished game to deal with. Amidst a large flurry of refund demands, CD Projekt Red and parent company CD Projekt may have must bigger issues to tackle. Lawsuit could have CD Projekt in trouble with the SEC Video Games Chronicle reports that multiple law firms and a CD Projekt investor are pondering a class-action lawsuit. The grounds for the potential suit: misrepresentations stated by the […]

todayDecember 20, 2020 5

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