Investor Barington pushes L Brands for Victoria’s Secret spinoff
Barington Capital on Tuesday urged U.S. consumer products group L Brands to break itself up by separating its Victoria’s Secret and Bath & Body Works businesses from the company, in an effort to improve financial performance.
Target jumps on 2019 forecast, strong holiday quarter
Target Corp forecast full-year adjusted profit above Wall Street estimates on Tuesday and posted better-than-expected holiday quarter results, driven by strong digital sales and higher customer footfall at its stores.
BMW could shift some engine production out of UK: board member
BMW may move some engine production out of Britain to Austria in the event of an uncontrolled exit from the European Union by the UK, BMW board member Peter Schwarzenbauer said on Tuesday.
China suspends customs clearance for Tesla Model 3 imports: Caixin
China’s customs authority has suspended customs clearance procedures for Model 3 cars built by Tesla Inc, the financial publication Caixin reported on Tuesday.
Papa John’s reaches settlement agreement with founder Schnatter
Papa John’s International has reached a settlement agreement with its founder John Schnatter, a filing on Tuesday showed, signaling an end to the acrimonious battle between the pizza chain and its former chairman.
Oil drops toward $65 as Libya’s biggest field restarts
Oil fell toward $65 a barrel on Tuesday, pressured by the restart of Libya’s biggest oilfield and on expectations for an increase in U.S. crude inventories.
Huawei calls for common cybersecurity standards amidst concerns
Huawei, in the spotlight over the security risks of its telecom equipment gear, urged governments, the telecoms industry and regulators on Tuesday to work together to create a common set of cybersecurity standards.
Stocks stall, oil falls as China trims growth targets
World shares remained near a five-month high on Tuesday as China cut its growth targets to a 30-year low but added more stimulus, and a revived dollar headed for a fifth day of gains in the currency markets.
BMW says Mini output will still be disrupted if Brexit delayed
Production of BMW’s Mini will still be disrupted if there is a delay to Brexit, the carmaker’s CEO said on Tuesday, signaling the auto industry faces upheaval even if Britain avoids crashing out of the European Union without a withdrawal deal on March …
Oil drops towards $65 as Libya’s biggest field restarts
Oil fell towards $65 a barrel on Tuesday, pressured by the restart of Libya’s biggest oilfield and on expectations for an increase in U.S. crude inventories.
