Small businesses across the nation are anxiously awaiting for the approval of the $484 billion dollar bill. Ami Kassar, Multifunding.com CEO, joins Yahoo Finance to discuss that and more. ...
(Bloomberg) -- The retail shutdowns sweeping the country amid the coronavirus outbreak have put L Brands Inc. in a tough spot. With a deal to sell its iconic Victoria’s Secret brand now in jeopardy, things just got a lot worse.The future of the ailing lingerie business is in limbo after Sycamore Partners said it wants out of the deal it struck just a few months ago to take a majority stake in Victoria’s Secret. In a court filing this week, the private equity firm said steps L Brands have taken to survive the pandemic, including furloughing workers and failing to pay rent, violated terms of the original deal.The allegations tanked L Brands’ stock and launched what could be an ugly war between the onetime bedfellows. L Brands, which was counting on the sale to bring in cash and help revive the lingerie brand, has already said it will fight to keep...
(Bloomberg) -- John Malone’s Liberty Media Corp. moved to shore up its Formula One Group auto-racing unit, shifting some assets among Liberty’s wide variety of properties and injecting more cash into the division.The holding company reattributed $1.5 billion in net asset value to Formula One from Liberty SiriusXM Group, the satellite-radio operator, and reattributed another $1.5 billion in net asset value to Liberty SiriusXM from Formula One, according to a statement Thursday.Though the equal allocations make it look like an even deal for the two units, the mix favors Formula One. Liberty shifted Formula One’s entire stake in troubled Live Nation Entertainment Inc. to Liberty SiriusXM, and moved a net of $1.4 billion in cash to Formula One from Liberty SiriusXM.The Liberty shares representing its Formula One stake rose as much as 8.8% to $28.06 in New York trading Thursday, while Liberty SiriusXM shares fell as much as 8.4% to $27.49....
Domino’s posted a beat on earnings and revenue in its latest earnings report, but it but it withdrew its longterm guidance amid coronavirus uncertainty. Yahoo Finance's Brian Sozzi breaks down the details. ...
On Thursday morning, the U.S. Labor Department shared new economic data around the impact of the COVID-19 crisis. For the week ending April 18, another 4.427 million Americans filed for unemployment benefits. Frances Donald, Manulife Investment Management, joins Yahoo Finance to discuss. ...
