L Brands takes nearly $700 million writedown
L Brands Inc. took a nearly $700 million charge to write down the value of its Victoria’s Secret chain, an accounting hit that pushed the retailer into a loss for …
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Facebook’s evolving status: From apologetic to candid
Mark Zuckerberg’s change in status from apologetic to candid has been slowly morphing before our eyes and ears for some time. And as the social-networking giant continues to pile up …
BP pulls out of 3 trade groups over climate policies but sticks with the powerful API
BP PLC is cutting ties with three trade groups over climate policies, a move announced Wednesday that follows the company’s vow earlier this month to reach net-zero carbon emissions by …
Los Angeles refinery fire temporarily shuts down 405 Freeway
Oil market supply disrupted many times in the past year The Schork Report’s Stephen Schork talks about the oil market amid uncertainty over coronavirus. Los Angeles County firefighters responded to …
PG&E CEO blames past management for safety failures
SAN FRANCISCO — PG&E Corp. CEO Bill Johnson blamed negligence by the company’s past management for a cascade of catastrophes that killed nearly 140 people as he tried to persuade …
Disney CEO Bob Iger steps down; company veteran Bob Chapek takes reins
Walt Disney Co. Chief Executive Bog Iger abruptly stepped down Tuesday, sending shock waves throughout Hollywood, Wall Street and Silicon Valley. Bob Chapek, who has served as chairman of Disney …
If virus threat worsens, Tokyo Olympics more likely to be canceled than postponed, top official says
TOKYO — A senior member of the International Olympic Committee said Tuesday that if it proves too dangerous to hold the Olympics in Tokyo this summer because of the coronavirus …
Moderna’s stock rises as it ships the first batch of its COVID-19 vaccine candidate
Shares of Moderna Inc. MRNA, +27.81% soared 28% in trading on Tuesday as the biotechnology company took the lead in efforts to develop a vaccine for COVID-19, the novel coronavirus that …
GW Pharma’s marijuana-derived epilepsy drug sales continue to climb
GW Pharmaceuticals Inc. reported revenue that topped the consensus estimates Tuesday, as the company’s marijuana-derived epilepsy drug continues to grow. GW Pharma GWPH, -3.04% shares slipped about 0.1% in the extended …
Square shorts have been covering their positions before Wednesday’s earnings
Square Inc. remains a popular target for bearish bets within the mobile payments sector, but short sellers have been covering their positions in recent weeks. Shorts have reduced their bearish …