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A Look At What Sycamore Finds Attractive In Victoria’s Secret

L Brands, the parent company of Victoria’s Secret, reached an agreement on Feb. 20 to sell a 55% stake in the high-end lingerie retailer to private equity firm Sycamore Partners. Sycamore is known for specializing in consumer and retail investments but some investors are questioning the logic behind buying a struggling brand. Off the bat,...

Morgan Stanley to Acquire E-Trade Broker for $13 Billion

Morgan Stanley will acquire the online trading platform E-Trade for $13 billion in an all-stock deal, a deal that indicates the bank’s serious intentions to serve everyday consumers. E-Trade’s shares climbed 24% in early trading after the news broke out, while shares of Morgan dropped over 4%. The takeover comes about three months a...

MGM Security Breach Exposes Personal Information of More Than 10 Million Guests

Personal information of more than 10.6 million guests who stayed at MGM Resorts hotels have been posted on a hacking forum. News website ZDNet was the first to report the incident on Wednesday, saying the stolen details were published on a hacking forum this week. MGM confirmed that the hack happened. The breach happened last summer, but...

The Powerful Reasons to Invest in Coffee This Month

Coffee has become a hugely popular drink across the planet in the last few years. The success of chains like Starbucks and Costa Coffee has led to demand for coffee going through the roof. It is estimated that more than 2.25 billion cups of this drink are consumed every day. Therefore, it is worth considering whether to stimulate your por...

Macao Is Open For Business: Don’t Bet Against The House

Macao, considered to be the world’s biggest gambling hub by a large margin, was given permission to resume operations on Thursday. Chinese people, in particular, are very fond of gambling and there is an obvious “pent-up demand” from lost time, according to Strategic Wealth Partners CEO Mark Tepper. Las Vegas Sands Macau casinos were forc...

Retail Pro Breaks Down Walmart’s Q4: ‘Gets A Pass’

Retail behemoth Walmart reported Tuesday morning fourth quarter results which fell short of expectations. The company said it earned $1.38 per share in the fourth quarter on revenue of $141.7 billion. Both numbers were short of the $1.44 and $142.64 billion Wall Street analysts were expecting.  Q4 Highlights And Guidance Beyond the t...

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