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Tag: L Brands Inc

Trump wants big tax cut, NYC case count can’t keep up

Trump wants big tax cut, NYC case count can’t keep up

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.  Global cases: More than 118,101, according to data compiled by Johns Hopkins University. Global deaths: At least 4,262, according to data compiled by […]

Dow futures dip 60 points

Dow futures dip 60 points

Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange. Drew Angerer | Getty Images This is a live blog. Check back for updates. 8:19 am: JPMorgan strategist calls for a market setback, says ‘short-term systematic sell signals’ triggered The U.S. stock market could be subjected […]

Sycamore Partners to acquire control of Victoria’s Secret

Sycamore Partners to acquire control of Victoria’s Secret

Victoria’s Secret, which once dominated the lingerie category with its sexy image, will go private in a deal that shows how far the brand as fallen out of favor.  Private equity firm Sycamore Partners will acquire a 55% share in Victoria’s Secret from its owner L Brands for $525 million, the companies announced Thursday. Upon the […]

ViacomCBS, E-Trade, Zillow, IMAX & more

ViacomCBS, E-Trade, Zillow, IMAX & more

Take a look at some of the biggest movers in the premarket: ViacomCBS (VIAC) – In its first earnings report since the merger of Viacom and CBS was completed in December, the company reported quarterly earnings of 97 cents per share, below the consensus estimate of $1.44 a share. Revenue was also below Wall Street […]

Bath & Body Works could see soap sales surge as coronavirus spreads

Bath & Body Works could see soap sales surge as coronavirus spreads

Roberto Machado Noa | LightRocket | Getty Images Bath & Body Works owner L Brands could be poised to benefit from an increase in sales of its soaps and hand sanitizers as consumers try to protect themselves from the spread of the deadly coronavirus, an analyst said Monday. The retailer “could experience (and meet) a […]

Target (TGT) holiday 2019 sales fall short of estimates

Target (TGT) holiday 2019 sales fall short of estimates

Target was expected to be a winner this holiday season, amidst a sea of disappointing reports. But the big-box retailer said Wednesday that its holiday sales were weaker than planned. Its shares tumbled more than 8% on the news. Walmart, which hasn’t reported holiday results, also traded lower. Its stock was last down about 2%. […]