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Amazon’s Wondery podcast unit trims jobs

Amazon’s Wondery podcast unit trims jobs

By Greg Bensinger(Reuters) - Amazon.com (NASDAQ:AMZN) cut "a small number" of jobs at its Wondery podcast unit, known for "Dr. Death" and "Business Wars," the company said in a statement to Reuters on Friday.Amazon purchased Wondery in 2020 for a reported $300 million and last year signed a three-year $100 million deal for rights to "New Heights with Jason and Travis Kelce," a podcast featuring th ...

2025-03-01 21:45:56
Cineplex outlook revised to negative by Fitch, maintains ’B’ long-term issuer default rating

Cineplex outlook revised to negative by Fitch, maintains ’B’ long-term issuer default rating

Investing.com -- Fitch Ratings has revised the outlook for Cineplex, Inc. to negative from stable while affirming its long-term issuer default rating (IDR) at ’B’. The agency downgraded the CAD$100 million senior secured revolving credit facility and CAD$575 million senior secured notes to ’BB-’ with a recovery rating of ’RR2’ from ’BB’/’RR1’. This was due to changes in the com ...

2025-03-01 21:44:34
Hedge funds ramp up bets on falling stocks

Hedge funds ramp up bets on falling stocks

By Carolina MandlNEW YORK (Reuters) - Global hedge funds sold more stocks than they bought by the largest amount in a year, mainly driven by their bets that stocks will drop, a Goldman Sachs note showed on Friday.The note refers to the period of February 21-27.Goldman Sachs said the gloomy sentiment was spread across all geographic regions, but mainly in North America and part of Asia, and was see ...

2025-03-01 21:43:10
Bumble names Ronald Fior as interim finance chief

Bumble names Ronald Fior as interim finance chief

(Reuters) - Bumble (NASDAQ:BMBL) on Friday named Ronald Fior, currently a partner of financial consulting firm FLG Partners, as the interim finance chief of the dating app operator, effective March 15.Fior currently serves as a consultant to Bumble and will remain in that position following his transition to the CFO role, the company said. He takes the reins from Anu Subramanian, who is set to s ...

2025-03-01 21:41:33