02:37 PM EDT, 04/03/2024 (MT Newswires) -- Lightspeed announced a restructuring whereby it plans to reduce its headcount by ~280 employees (~10% of the workforce) along with several other cost reduction initiatives across facilities and operations. National Bank estimates this will result in approximately $30-$40 million in annualized cost savings. It is expected that some of those savings will be...

02:41 PM EDT, 04/03/2024 (MT Newswires) -- Shell (SHEL) is pressing for a long-term license from the US before it makes a decision on whether to invest in the Dragon offshore natural gas project in Venezuela, Reuters reported Wednesday, citing people familiar with the matter. The current license expires in October 2025 and Shell initially proposed a 15-year extension during...

02:36 PM EDT, 04/03/2024 (MT Newswires) -- Airbnb's ( ABNB ) successful word-of-mouth marketing and strong user retention should help drive margin improvement, though much of the near-term benefit is already priced into the stock, B. Riley Securities said in a note emailed Wednesday. The brokerage initiated coverage on the stock with a neutral rating and a $150 price target,...

02:38 PM EDT, 04/03/2024 (MT Newswires) -- Amazon.com's ( AMZN ) Amazon Web Services cloud-computing unit said Wednesday it is eliminating hundreds of jobs in its sales and marketing and physical stores technology teams. An AWS spokesperson told MT Newswires the job cuts in the company's Sales, Marketing, and Global Services division are mostly related to business changes affecting training...