GameStop Revenue and Profit Surpass Expectations Owing to Strong Sales of “Mortal Kombat X” and “Evolve

GameStop Revenue and Profit Surpass Expectations Owing to Strong Sales of “Mortal Kombat X” and “EvolveIn the first quarter, GameStop Corp, which is the largest video game products retailer in the world reported revenue and profit, which surpassed the expectation of analysts. The boost in revenue was mainly helped by higher sales of "Mortal Kombat X" and "Evolve", newly released games and also a boost in downloads of mobile games.

Japan’s Weak Consumer Spending is Disappointing Pushing Inflation Rate to Zero

Japan’s Weak Consumer Spending is Disappointing Pushing Inflation Rate to ZeroOn Friday, data released by Japan revealed that Prime Minister Shinzo Abe's plan of economic revival for the country is not going quite in the direction that he expected. Though the manufacturing activity is becoming better and the employment figures are climbing, yet the nation's consumer spending figures still is persistently frail and the annual inflation rates are going down.

FBI Starts Probing the Cyber theft of U.S. Taxpayer Information from IRS “Get Transcript” Application

FBI Starts Probing the Cyber theft of U.S. Taxpayer Information from IRS “Get Transcript” ApplicationOn Tuesday, John Koskinen the IRS Commissioner said that hackers have attempted to accessed personal tax information of the tax payers 200,000 times within the time period of February to May. He also said that they successfully stole information in almost half of their attempts.

Costco Wholesale Corp Reports Nine Percent Increase in Profit for its Fiscal Third Quarter

Costco Wholesale Corp Reports Nine Percent Increase in Profit for its Fiscal Third QuarterOn Wednesday, Costco Wholesale Corp reported a nine percent boost in its profit for the third quarter last year. The increases mirror the company's gains from higher comparable sales, raised membership fees.

San Diego Union-Tribune Announced that it is Laying Off 178 workers

San Diego Union-Tribune Announced that it is Laying Off 178 workersOn Tuesday, the San Diego Union-Tribune announced that it was trimming its workforce. It will be laying off approximately thirty percent of its staff which comes to 178 employees. The job cutting is part of a cost saving effort that mostly affected the printing and delivery operations.

Vox Media is Buying Re/code the Tech News Website

Vox Media is Buying Re/code the Tech News WebsiteOn Tuesday, a post on the website of Re/code revealed that, Vox Media, which owns The Verge, is buying Revere Digital. Revere Digital is also the owner of the Re/code which is a tech news website. Recode was founded by Silicon Valley veterans, Walt Mossberg and Kara Swisher.

Gold Remains Close to Two-Week low as Expectations of Hike in Interest Rates in the U.S. Lingers

Gold Remains Close to Two-Week low as Expectations of Hike in Interest Rates in the U.S. LingersOn Wednesday, the yellow metal remained at almost a two weeks low following a drop of two percent in the earlier session. The status of gold remained low as the strengthening US economic data brings in hopes of THE Fed Reserve increasing the record low interest rates.

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