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
Related Posts
Meredith Corporation announced that Catherine Levene has been named National Media Group (NMG) President, effective immediately. Meredith's National Media Group reaches nearly 95 percent of all U.S. women and more than 190 million unduplicated American consumers every month through iconic brands such as PEOPLE, Better Homes & Gardens, Allrecipes, Southern Living, and REAL SIMPLE. Meredith's premium digital network reaches more than 150 million consumers each month. The company is the No. 1 U.S. magazine operator with 36 million subscribers and the No. 2 global licensor with robust brand licensing activities that include a Better Homes & Gardens partnership with Walmart. Levene, 50, currently serves as the NMG's Chief Digital Officer. In her new role, she will oversee all NMG activities, including its Digital, Magazine (led by Doug Olson), and Consumer Products (led by Tom Witschi) businesses. Levene will report to Meredith Chairman and CEO Tom Harty.
The Postal Regulatory Commission issued its 2020 Annual Compliance Determination assessing the pricing and service performance of the Postal Service in fiscal year 2020 (39 U.S.C. Section 3653). The Commission is required to issue its ACD 90 days after the filing of the Postal Service’s Annual Compliance Report (ACR). Key issues identified in the ACD include: *Ten Market Dominant products did not cover their costs in FY 2020, and two of the five Market Dominant classes (Periodicals and Package Services) were also non-compensatory. *Operational and financial problems with flat-shaped products persisted, as these products had a negative contribution of more than $1 billion, and despite previous Commission directives, the Postal Service does not have a satisfactory plan to correct this. *Due to a number of internal and external factors, 17 of 22 Market Dominant products failed to meet their service standards, the worst service performance results since the Postal Accountability and Enhancement Act of 2006 mandated the establishment of service standards and tracking of performance against those standards. more detail at: https://www.prc.gov/sites/default/files/pr/ACD%202020_FINAL.pdf
The DEAL Consortium and scholarly publisher Wiley today announced the signing of a new five-year agreement which will allow scientists from German academic institutions to publish their research open access (OA) within Wiley’s portfolio of scientific journals. The new agreement continues the successful collaboration that started in 2019 and through which by now over 38,000 articles have been published open access. It will provide authors at participating German institutions with open access publishing options across Wiley’s portfolio alongside read access to all Wiley journal content. The new agreement will also: *Support institutions in the transition to OA, honoring the immense value learned societies bring to the scholarly community. *Enhance infrastructure, including robust workflows to support authors, librarians and open access administrators. *Support participating institutions with bespoke training and continuing collaboration with the Wiley DEAL Advisory Board to monitor success.