Limited Brands (LTD), owner of retail chains including Victoria’s Secret and Bath & Body Works, will pay out a special dividend of $3 a share.
The company also plans to buy back $200 million of its shares, Limited Brands said in a statement.
“W…
Staples (SPLS) reported third quarter earnings of 40 cents per share, up from 37 cents a year ago.
Sales rose slightly to $6.5 billion, Staples said in a statement. Sales at stores open at least one year fell 1%.
“Our growth initiatives in North Am…
Ford Motor (F) will slash its stake in Mazda Motor to 3.5% from 11%.
The deal, which is expected to be completed Friday, will mean that Ford is no longer the top shareholder in Mazda, The Associated Press said. Ford has been Mazda’s biggest sharehold…
The Federal Reserve has set a Jan. 7 deadline for the largest banks to prove they have the capital to withstand another financial crisis. Bank of America, JPMorgan Chase, Citibank and 16 others will have to file so-called “stre…
Applied Materials, the world’s largest maker of computer-chip-manufacturing equipment, says its profit for its fiscal fourth quarter more than tripled from the same period a year ago.
Continue reading Applied M…