As part of its ongoing commitment to return value to shareholders, L Brands, Inc. (NYSE:LB) announced today that its Board of Directors has authorized a new $250 million share repurchase program, which includes $10.3 million remaining under its previous $250 million share repurchase program.
http://investors.lb.com/phoenix.zhtml?c=94854&p=irol-newsArticle&ID=2301173
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A group of 10 organizations, including The Associated Press and Gannett, is calling for a legal framework to protect journalism from unregulated AI use. In an open letter titled, “Preserving public trust in media through unified AI regulation and practices,” the signees advocate regulatory and industry action to ensure: *Transparency about the makeup of training sets used to create AI models. *Consent of intellectual property rights holders on copying of their content in training data. *Ability of media companies to collectively negotiate with AI model developers about use of their intellectual property. *Requiring that generative AI models identify AI-generated content. *Mandating that generative AI model providers eliminate bias and misinformation.
Time Inc. has officially sold Essence—the magazine as well as its website and events business—to a group of investors led by Shea Moisture founder Richelieu Dennis, the latter announced today. Terms of the deal were not disclosed, but the buyer confirmed that Essence president Michelle Ebanks will continue at the helm and will gain an equity stake in the business. Click Read More below for additional information.
The United States Postal Service provided new service performance data today to the House Committee on Oversight and Reform and the Senate Homeland Security and Governmental Affairs Committee, indicating continued improvement while ensuring trucks run on time and adhering to the Postal Service’s existing transportation schedule. This data, available through the week of August 29, marks an uptick in service performance, consistent with recent trends. The percentages reported – 88.04 for First-Class Mail, 89.56 for Marketing Mail and 78.24 for Periodicals – represent service performance by the Postal Service from acceptance of a mailpiece into our system through delivery, measured against published service standards.