Victoria’s Secret is going private. It’s only worth $1.1 billion
Victoria’s Secret, the troubled lingerie brand owned by L Brands, is being sold to a private equity firm in a $525 million deal. Sycamore…
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Markets were totally calm. Then stocks fell off a cliff
It was shaping up to be a quiet day on Wall Street. Then around midday, stocks sold off sharply and investors scrambled. With no obvious catalyst…
Continue Reading Larry Tesler, creator of copy, cut and paste function, dies at 74
Larry Tesler, a pioneer of personal computing credited with creating the cut, copy and paste as well as the search and replace functions, has died.…
Continue Reading Peloton is giving free bikes to disappointed Flywheel customers
Owners of Flywheel’s in-home bikes will soon be forced to spin into enemy territory. Flywheel said Wednesday that it will shut down the virtual…
Continue Reading How fake faces are being weaponized online
As an activist, Nandini Jammi has become accustomed to getting harassed online, often by faceless social media accounts. But this time was different:…
Continue Reading How Bernie Sanders could actually be helping the stock market
Few could have predicted this scenario: The American stock market is brushing up against record highs at the same time that Bernie Sanders is the…
Continue Reading Los Angeles Times is offering buyouts to staffers with at least two years of employment
The Los Angeles Times is offering its staff voluntary buyouts less than two years after biotech billionaire Dr. Patrick Soon-Shiong swooped in to buy…
Continue Reading Monster ratings for Las Vegas debate break record for Democratic Party
An average of nearly 20 million viewers tuned into Wednesday night’s Democratic primary debate hosted by NBC in Las Vegas, making it the…
Continue Reading Apple may soon let you choose Google Maps and Gmail as your default iPhone apps
Apple may be about to give its customers a lot more control over their iPhones and iPads. The company is said to be considering allowing people to…
Continue Reading Apple needs a 5G iPhone now more than ever
Whatever high Apple executives were on in January after the company posted record earnings and strong iPhone sales during the holiday quarter has…
Continue Reading Morgan Stanley is buying E-Trade for $13 billion
Morgan Stanley is buying online broker E-Trade for $13 billion in an all-stock deal, a move that shows how serious the Wall Street giant is about…
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Parents taking precautions after young girl stabbed at play area inside northeast El Paso McDonald’s
EL PASO, Texas — A random act of violence against a 5-year-old inside a northeast El Paso McDonald’s is affecting parents who would normally take…
Continue Reading Embattled WeWork revamps its C-Suite for turnaround effort
WeWork, the embattled coworking company, has made another new C-suite hire. Just two days after WeWork’s new chief executive officially…
Continue Reading Mysterious ‘1’ notification spooks Samsung Galaxy owners
A strange message with a “1” stacked on top of another “1” mysteriously popped up on Samsung Galaxy devices this week. It was…
Continue Reading HBO Max is coming to YouTube TV
WarnerMedia has reached a deal that will bring HBO Max to YouTube TV customers as it tries to promote its upcoming streaming service to as many…
Continue Reading Qantas, Air France, KLM tally up coronavirus costs
Qantas, Air France and KLM are taking a big hit from the novel coronavirus. The airlines on Thursday estimated the financial cost from the outbreak,…
Continue Reading Goldman Sachs warns of stock market correction
Stocks keep reaching record highs. Goldman Sachs is worried that leaves investors vulnerable to surprises. The investment bank told clients this week…
Continue Reading The cannabis industry’s next big threat: Hacks and fraud
Cannabis is an emerging industry with stratospheric growth expectations. Like the California Gold Rush, the dot-com boom and every other new market…
Continue Reading Cheap pizza propels Domino’s stock 25% higher
People love pizza, and they also love discounts. That combination proved successful for Domino’s, which reported strong fourth-quarter earnings…
Continue Reading A new use for McDonald’s used cooking oil: 3D printing
Professor Andre Simpson had a problem. The University of Toronto’s Scarborough campus was paying through the nose for a crucial material for…
Continue Reading Global shipping has been hit by the coronavirus. Now goods are getting stranded
The arteries of global trade are clogging up. Shipping companies that carry goods from China to the rest of the world say they are reducing the…
Continue Reading American paychecks just aren’t getting much bigger — unless you’re rich
Income inequality in the United States worsened in 2019. Earners at the top of the income ladder received the largest increase in their paychecks,…
Continue Reading Maersk operates massive container ships. It’s canceled 50 sailings over coronavirus
Maersk, the world’s largest container shipping company, has warned of a “very weak” start to the year as the coronavirus keeps…
Continue Reading The Dow and Nasdaq are approaching big milestones. Is it too late to invest?
This stunning bull run appears to have no end in sight. The Dow and Nasdaq are both approaching splashy numerical milestones. The Dow is about 2%…
Continue Reading Goldman Sachs warns of stock market correction
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Stocks keep…
Continue Reading The world needs a new workhorse interest rate. Finding one isn’t easy
Wall Street is struggling to find a replacement for Libor, the scandal-plagued interest rate that governs debt and contracts worth $200 trillion,…
Continue Reading UBS, the world’s largest wealth manager, is getting a new CEO
There’s another leadership change atop a major Swiss bank. UBS, the world’s largest wealth manager, has announced that Sergio Ermotti is…
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El Paso Chamber hosting ‘Bold and Brilliant’ Women in Business Conference next week
EL PASO, Texas — The El Paso Chamber is hosting “Bold & Brilliant,” a conference for women in business on Tuesday, March 3 from 8 a.m. to 3 p.m.…
Continue Reading With 33 NBC cameras rolling and millions watching, Mike Bloomberg makes his debate stage debut in Las Vegas
A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for it here. The face-off starts at 9pm ET…
Continue Reading E. Jean Carroll says Elle declined to renew her contract for her column because of Trump’s comments
A woman who accused President Donald Trump of sexually assaulting her alleges that she lost her long-standing magazine column because of…
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