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.
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Amazon continues to adapt to meet the changing needs of customers by investing in ways to provide fast, free delivery. Today, the company announced the lease of 12 Boeing 767-300 converted cargo aircraft from Air Transport Services Group (ATSG). These aircraft will join Amazon’s existing fleet of 70 aircraft to bring its total network to over 80 aircraft. One of the new aircraft joined Amazon’s air cargo operations in May 2020, with the remaining 11 to be delivered in 2021. Amazon Air’s fleet expansion comes at a time when people in communities across the country continue to adjust to this unprecedented time, with many relying on having the items they need delivered directly to their doorstep. Amazon Air has played a central role during the COVID-19 pandemic by transporting essential PPE supplies for Amazon associates, frontline health workers and relief organizations across the U.S., all while maintaining capacity for regular cargo operations to ensure customers continue to receive the items they need. Now, with expanded cargo capacity to come, Amazon will continue to meet evolving demand and a growing customer base.
Today, House Members Kenny Marchant (R-TX) and Brian Higgins (D-NY) penned a letter to Commerce Secretary Wilbur Ross and U.S. Trade Representative Robert Lighthizer regarding the softwood lumber trade with Canada, calling for renewed negotiations with Canada for a softwood lumber trade agreement -- in lieu of the current enforcement of the U.S. trade laws through countervailing and antidumping duties on imports of unfairly traded Canadian softwood lumber. The letter states that anti-dumping and countervailing duties imposed by the U.S. Department of Commerce on Canadian softwood lumber are the chief driver of current lumber prices, a claim that is inaccurate. The price of lumber, like all commodities, fluctuates due to market forces. The trade measures -- imposed after a thorough year-long investigation by the U.S. Department of Commerce and the International Trade Commission -- are designed merely to offset the harm done to domestic producers from imports that are sold in the United States at less than fair value or which benefit from subsidies provided through foreign government programs. Click Read More below for additional information.
The Postal Regulatory Commission unveiled its 2023-2028 Strategic Plan. The Plan is robust and resilient, allowing the Commission to anticipate changes to the postal system and to adapt as necessary to ensure transparency and accountability of the United States Postal Service. The four Strategic Goals identified encompass the Commission’s priorities and strategic focus throughout 2023-2028: Strategic Goal 1: Anticipate and adapt to an evolving postal system through a responsive and trusted regulatory framework. Strategic Goal 2: Enhance and expand communication of accurate and relevant regulatory information to postal stakeholders, policymakers, and the general public. Strategic Goal 3: Develop an internal infrastructure to support and strengthen our regulatory capabilities through adaptive policies, efficient processes, and scalable platforms. Strategic Goal 4: Build an organization that will attract, develop, and retain a diverse workforce of experts.