Reuters

By Dietrich Knauth

NEW YORK (Reuters) - Cable provider Comcast stopped broadcasting Bally Sports channels on Wednesday, taking some MLB games off the air and imperiling the bankruptcy restructuring of the sports channels' operating company.

Diamond Sports, a Sinclair subsidiary that broadcasts nearly half of all MLB, NHL and NBA games, has said that its bankruptcy restructuring depends on renewed deals with three major cable partners,... (continue reading...)

(Reuters) - Freshworks said on Wednesday that Dennis Woodside will take over as CEO of the CRM software maker, and founder Girish Mathrubootham will be the firm's executive chairman.

Shares of the San Mateo, California-based company fell about 21% in extended trading.

Woodside joined Freshworks as president in 2022, with a prior professional record including roles as president at Impossible Foods, Dropbox COO and Motorola Mobility's CEO.

(Reuters) - Industrial software maker PTC forecast quarterly revenue below estimates while also slightly tightening full year guidance on Wednesday, signaling continued weakness in demand for its industrial design and testing software as companies keep a tight leash on budgets.

Businesses have dialed back on software budgets in the wake of high-interest rates and an uncertain economy, weighing on demand for companies such as PTC, which provides... (continue reading...)

(Reuters) - JPMorgan Chase expects to enter into a resolution with a third U.S. regulator that will require it to pay a civil penalty of $100 million for reporting incomplete trading data to surveillance platforms, it disclosed in a regulatory filing on Wednesday.

(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Pooja Desai)

(Reuters) - Etsy missed Wall Street expectations for first-quarter gross merchandise sales (GMS) and profit on Wednesday, hurt by lower demand for its handcrafted goods and personalized gifts at its online marketplace.

WHY IS IT IMPORTANT?

Despite Etsy ramping up spending over the past quarters on promotions and advertising, it struggled to keep up with larger retailers in attracting bargain-hungry customers.

It is also... (continue reading...)