GameStop lures Amazon talent with grand plans and no frills

GameStop Corp (GME.N) Chairman Ryan Cohen made a point of doing away with corporate excess such as a company plane and used the allure of rebuilding the videogame retailer to recruit Amazon.com Inc’s (AMZN.O) Australia chief Matt Furlong as chief executive, according to people familiar with the process.

GameStop gains as traders await quarterly report

GameStop’s (GME.N) stock jumped 7% on Wednesday before the company was due to release its quarterly results, which a cult following of individual investors will scrutinize for progress in the videogame retailer’s turnaround amid this year’s rally in its shares.