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Stock Market & Financial Investment News

News Breaks
February 13, 2013
13:09 EDTGMEGameStop to close 250 stores this year, SlashGear reports
GameStop (GME) CFO Rob Lloyd spoke at the Goldman Sachs Technology and Internet Conference and announced that the company plans to close 250 stores this year, SlashGear reports. The company will also open up 60-70 new stores during the same period. 200 of the stores to be closed are located in the U.S. Lloyd also says GameStop has acquired 40 shut-down GAME stores in France. Reference Link
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August 19, 2014
09:28 EDTGMEGameStop says CEO underwent unexpected surgery for tumor
GameStop disclosed in a regulatory filing that late last week Paul Raines, its CEO, underwent unexpected surgery during which a "very small, cancerous tumor was identified and successfully removed from an easily accessible part of the brain." The company added, "Because it was found very early, his doctors have advised him that his prognosis for a full and complete recovery is very good. The next step is for Paul to undergo preventive chemotherapy. Recovery from this process is expected to take about six weeks. This regimen will restrict his travel during that period, but will not interfere with his continued leadership of the Company." Daniel DeMatteo, Executive Chairman, said, "Speaking for the Board, we have every confidence in Paulís continued leadership and wish him a speedy recovery. While he recovers, our highly-tenured executive team will ensure that our business continues without interruption."
06:11 EDTGMEGameStop FY14 guidance likely in-line, says Piper Jaffray
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August 15, 2014
06:01 EDTGMEJuly NPD video game software sales fell 15%, says Piper Jaffray
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