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Sec Filing

All articles tagged with #sec filing

Boston Scientific battles a global cyber outage and ongoing investigation
businessfinancial-news5 days ago

Boston Scientific battles a global cyber outage and ongoing investigation

Boston Scientific disclosed a cybersecurity incident that triggered a global network outage, disrupting IT systems and potentially delaying orders and shipments. The company activated incident response, is investigating with third-party cybersecurity experts, and has not yet determined a material impact or restoration timeline. The outage affected its Irish plants and employees, with Irish operations mentioned in a notice; shares declined more than 3% in pre-market trading as the investigation continues.

via MassDevice|
#boston-scientific#businessfinancial-news#cybersecurity-incident
Trump Media Group posts $238M Q2 loss on asset write-downs
business20 days ago

Trump Media Group posts $238M Q2 loss on asset write-downs

Trump Media & Technology Group posted a $238 million net loss in Q2 2026 on revenue of $1.7 million, even as quarterly revenue rose 89% from a year earlier; losses were driven by $190.4 million of unrealised losses on digital assets and equity, plus accreted interest and stock-based compensation. For H1 2026, net losses totaled $644 million on $2.5 million in revenue. The company, which includes Truth Social and Truth+ and recently expanded into crypto, also market intelligence via Truth API, with about 10 paying clients at $60k-$100k per month, drawing conflicts of interest concerns as Truth Social lags peers in user numbers (July traffic down).

via Al Jazeera|
#business#sec-filing#tmtg
Dell Cuts Workforce 27% to 97,000 as Cost-Cutting Gathers Pace
business5 months ago

Dell Cuts Workforce 27% to 97,000 as Cost-Cutting Gathers Pace

Dell Technologies reduced its global workforce by 27% from 133,000 in FY2023 to 97,000 in FY2026, cutting about 11,000 jobs in FY2026 and reporting roughly $569 million in severance. The reductions are part of disciplined cost management and a broader business modernization effort as Dell pivots toward AI-driven efficiency, aided by market shifts such as VMware’s sale and EMC integration.

via crn.com|
#business#dell-technologies#fy2026
Zaslav Sells Over $114 Million Worth of WBD Stock as Paramount Deal Advances
business6 months ago

Zaslav Sells Over $114 Million Worth of WBD Stock as Paramount Deal Advances

Warner Bros. Discovery CEO David Zaslav filed to sell just over 4 million WBD shares, worth more than $114 million, as Paramount’s merger moves forward. The sale occurs amid a window that allows executives involved in deal talks to divest, and follows several other top WBD executives selling seven-figure amounts; the broader context includes WBD ending Netflix talks and agreeing to a Paramount sale.

via Deadline|
#business#david-zaslav#paramount-merger
GameStop to Close Hundreds of Stores, Western New York Included
business7 months ago

GameStop to Close Hundreds of Stores, Western New York Included

GameStop lists 471 stores as closed with no reopening date, including Western New York locations such as Buffalo University Plaza, Depew, Lockport, Rochester Eastridge, Victor Crossing and Webster; the company had told the SEC it would close a significant number of stores in fiscal 2025, following 590 closures in the prior year, with no official closure list released yet.

via WGRZ|
#business#gamestop#retail
GameStop to close 410 US stores in major cost-cutting push
gaming7 months ago

GameStop to close 410 US stores in major cost-cutting push

GameStop is shuttering about 410 US locations (with 11 more planned) as part of a broad cost-cutting plan, extending a trend of store reductions and international downsizing noted in its December 2025 SEC filing; the move comes as the retailer continues to redefine its strategy after a 2021 market surge and amid failed NFT/crypto pivots. The filing also mentions a potential payout of up to $35 billion in stock options to CEO Ryan Cohen if GameStop hits a $100 billion market cap.

via Engadget|
#cost-cutting#gamestop#gaming