GoPro to slash 15% of workforce, RBS fails stress test, Autodesk outlook disappoints

Here are some of the stocks the Yahoo Finance team will be watching for you today.

Royal Bank of Scotland’s (RBS) US-listed shares were lower in early trading. The UK bank, which is majority owned by the British government, said it plans to cut costs and sell assets to raise about $2.5 billion in capital after failing the Bank of England’s stress test.

GoPro (GPRO) stock got a nice pop this morning. The action camera maker announcing a restructuring, which includes eliminating 200 jobs, or about 15% of its workforce, and closing down its entertainment division. The company said the cost cuts will help lower operating expenses as it tries to return to profitability next year. Separately, GoPro said Black Friday camera sales at US retailers rose over 35% from a year ago.

Autodesk (ADSK) shares were lower in early trading. The software firm gave a weaker-than-expected outlook for the current quarter as it continues its transition to a subscription-based business. The company reported a smaller-than-expected loss for the third quarter and revenue that also beat estimates.

Investors also tracking shares of Praxair (PX) following news that it had renewed merger talks with Germany’s LInde to create the world’s largest industrial gas supplier. This comes after the two companies abandoned discussions about two months ago.