Category Archives: CNN – Business

How Victoria’s Secret lost its way

How Victoria’s Secret lost its way

Victoria’s Secret has struggled to keep pace with shifting consumer tastes. Five years ago, Victoria’s Secret produced nearly two-thirds of the revenue for its parent company, which was then worth $28 billion. This week, Victoria’s Secret was taken private in a deal that values the brand at just $1.1 billion. L Brands, Victoria’s Secret’s parent…MORE

Twitter is Wall Street’s favorite social media stock

Twitter is Wall Street’s favorite social media stock

Twitter’s decision to not accept ads from politicians — even though the social media platform is used frequently by President Donald Trump and the Democratic presidential contenders — appears to be paying dividends. Shares of Twitter are up nearly 20% so far in 2020. That’s well ahead of the gains of social media rivals Facebook…MORE

Sprint’s stock is in the double digits for the first time since 2014

Sprint’s stock is in the double digits for the first time since 2014

Sprint may soon be a dead brand now that its blockbuster merger with T-Mobile is set to close in April. But there’s good news for long-suffering Sprint investors: Its shares hovered around the $10 level Friday for the first time since January 2014. Sprint’s stock surged 6% and moved back into double digit territory after…MORE

The American farmer is on the mend

The American farmer is on the mend

The worst may be over for farmers in the United States. Deere on Friday reported earnings for its fiscal first quarter that easily topped Wall Street’s forecasts, and revenue fell by less than analysts had expected. The tractor maker and bellwether for agriculture said the “US farm sector shows early signs of stabilization.” Net income…MORE

Richard Branson launches his luxury, adults-only cruise ship

Richard Branson launches his luxury, adults-only cruise ship

Richard Branson is sailing into new waters with the launch of his first cruise liner, making a bold pitch to younger travelers at an undeniably awkward time for the industry. The Virgin founder launched the Scarlet Lady on Friday, hoping its modern design and adults-only rule will prompt younger vacationers to take a fresh look…MORE

Is Morgan Stanley paying too much for E*Trade?

Is Morgan Stanley paying too much for E*Trade?

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Since the financial crisis, Wall Street banks haven’t been too keen on massive acquisitions. That changed this week. Morgan Stanley’s $13 billion purchase of online broker E*Trade, announced Thursday, is a huge…MORE

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