Victoria’s Secret to be spun off a year after sale collapsed
A year after an agreement to sell Victoria’s Secret fell apart as the pandemic emptied malls nationwide, the chain will be spun off by its…
AP Wire
Business group warns China boycotts spooking investors
BEIJING — An American business group warned today that government-instigated consumer boycotts of foreign shoe, clothing and other brands in China are making companies less…
German investors increasingly optimistic as COVID cases fall
BERLIN — German investors are increasingly optimistic about the country’s economy as the latest surge of new coronavirus infections seems to be slowing, a closely…
Japan’s Nissan sees smaller loss, promises sales recovery
TOKYO — Nissan reduced its losses in the January-March quarter as restructuring efforts kicked in, despite damage to sales from the coronavirus pandemic, the Japanese…
FBI names pipeline cyberattackers as company promises return
WASHINGTON — Hit by a cyberattack, the operator of a major U.S. fuel pipeline said Monday it hopes to have services mostly restored by the…
Treasury to start paying out $350B in state and local aid
The Treasury Department today launched its $350 billion program to distribute aid to state and local governments, giving the U.S. economy an added boost after…
EU: Pandemic measures to total about $5.85 trillion
BRUSSELS — The European Union’s top economy official said today that the recovery measures the EU and its 27 member states have in the works…
US opens probe of steering problems in Honda Accord sedans
DETROIT — The U.S. government’s auto safety agency is investigating multiple complaints about steering failures that could affect more than 1.1 million Honda Accord sedans….
After pipeline cyberextortion attempt, gasoline ticks higher
NEW YORK — Gasoline futures are ticking higher today following a cyberextortion attempt on a vital U.S. pipeline that carries fuel from the Gulf Coast…
Nuveen CEO on why corporate awakening on race is no fad
NEW YORK — Jose Minaya grew up in New York City, the child of immigrants from the Dominican Republic whose biggest involvement with the financial…