In a statement, Wexner said the deal would provide the best path to restoring Victoria's Secret's businesses to their ''historical levels of profitability and growth.'' The deal will also allow the company to reduce debt and Sycamore will bring a ``fresh perspective and greater focus to the business, '' he said. … [Read more...] about Struggling Victoria’s Secret Is Sold
"There's a lot of time lost now and going to be lost because of the coronavirus. A lot of meetings have been cancelled," Hogan said. "If we were going to get a deal by the Leipzig summit we would have to largely have it completed by July." … [Read more...] about EU trade Chief Downbeat on China Accord, Other Asian Deals
The IHS Markit report stands in stark contrast to the surveys of manufacturing businesses released this week by the Philadelphia and New York Federal Reserve banks. Those showed a stronger-than-expected uptick in growth in their regions. All three reports are based on surveys of business executives. … [Read more...] about Coronavirus Drag on U.S. Economy Appears Bigger Than Expected
The strong job market should be helping graduates pay what they owe — and at the top end of the wage scale, it is. But in recent years, although high school graduates have seen a sharp pickup in earnings, the lower-earning half of college graduates haven’t — and the gap between them is now the smallest in 15 years. … [Read more...] about The job market is hot. So why are half of U.S. grads missing out?
Katie Mehnert, who has worked for big energy companies, is the owner of Pink Petro, a social media platform designed to tell the stories of women and minorities in oil and gas. She agreed with Rodz that the energy business is a big reason why Houston’s pay gap is small. … [Read more...] about Missing in Houston tech: A pay gap between men and women