Gap lifts guidance as Q3 results beats; shares jump

OGE Energy's stock price has declined following the announcement of a $345 million public offering. The decision to raise capital through this offering has raised concerns among investors about the company's financial health and future growth prospects. The negative sentiment surrounding the stock reflects broader market anxieties.

Verizon has announced plans for a significant workforce reduction, expecting to incur up to $1.8 billion in severance charges. This decision comes as part of a restructuring effort aimed at addressing ongoing challenges within the telecommunications market. The layoffs will affect more than 13,000 employees, marking the company's largest workforce reduction to date.

The US government has announced plans to conduct oil and gas auctions off the coast of California. This initiative aims to expand energy production in the region, potentially increasing revenue and job opportunities. The auctions are part of a broader strategy to manage the country's energy resources effectively.

California Pizza Kitchen is set to be acquired by an investor group, according to sources. The acquisition is expected to impact the restaurant chain's operations and future growth strategies. Details regarding the terms of the deal have not been disclosed.

Sandisk shareholders have elected directors and approved the annual executive pay vote during their recent meeting. This decision reflects the company's governance practices and shareholder engagement.

Meta's CEO Mark Zuckerberg and other executives are set to pay $190 million as part of a privacy lawsuit settlement. The lawsuit, which has garnered significant attention, addresses allegations regarding the mishandling of user data and privacy violations. This settlement reflects ongoing concerns about privacy practices among major tech companies.

Waste Management has announced a trading blackout for its employee plan during the transition to a new recordkeeper. This measure is intended to ensure compliance and protect the interests of employees as the company changes its administrative services.

Ross Stores has raised its annual profit forecast due to strong demand for discount goods. The company reported a positive outlook, reflecting consumer preference for affordable shopping options amid economic challenges. This adjustment signals confidence in the retail sector's resilience and the company's strategic positioning.