The company reported earnings per share of $1.17 for the third quarter ended Oct. 31, 2020, compared to a loss per share of $0.91 for the quarter ended Nov. 2, 2019. Third quarter operating income was $580.6 million compared to an operating loss of $151.2 million last year, and net income was $330.6 million compared to a net loss of $252.0 million last year.
details at: http://investors.lb.com/news-releases/news-release-details/l-brands-reports-record-third-quarter-2020-results
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As reported recently in the Bangor Daily News, John Halle (CEO of Cate Street Capital) has formally dismissed the libel lawsuit that Cate Street Capital and Halle had initiated against Verle Sutton almost two years ago. This claim of libel had resulted from an article in the May 2014 issue of The Reel Time Report, written by Sutton, in which Cate Street Capital and State of Maine officials were strongly criticized for actions they took that related to the Great Northern Paper mills in northern Maine. Industry Intelligence, the publisher of Reel Time, had also been named as a defendant in this lawsuit. Industry Intelligence and John Halle reached a settlement earlier in 2016. In response to John Halle choosing to end the lawsuit against Sutton, and the Industry Intelligence settlement, Verle Sutton has issued the following statement:
I am grateful to family and friends who have been so supportive during the last two years as we fought through the groundless lawsuit that John Halle and Cate Street Capital initiated against me for authoring “The Maine Problem.”
The legal costs incurred during the last two years have been substantial, and the time our family lost was unfortunate. However, our losses pale in comparison to the damage that has been inflicted on the East Millinocket and Millinocket communities and, in fact, on all of northern Maine. These communities and this region were misled by state officials and Cate Street about the viability of the restarted Great Northern Paper mills.
AT&T plans to ask the Supreme Court to reverse a high-profile decision that restored the Federal Trade Commission's authority to prosecute broadband providers, the telecom said this week in court papers. The company's statement came in a status report submitted to U.S. District Court Judge Edward Chen in the Northern District of California. He is presiding over an FTC lawsuit alleging that AT&T duped millions of wireless customers by promising unlimited data, but throttling their speeds after they hit a monthly data cap. AT&T argued that the lawsuit should be dismissed on the ground that the FTC lacks authority over telecoms like itself. Click Read More below for additional information.
To celebrate pre-K-12 public, private and homeschool educators and administrators, Barnes & Noble, Inc. will kick off the school year with new Educator Appreciation Days every Saturday and Sunday in August. Starting Saturday, August 5, local stores will feature special discounts* including 25% off most merchandise like books, toys and games; and limited-time giveaways from Sterling Publishing, while supplies last. The offer will also be valid online at www.BN.com Saturday, August 26 and Sunday, August 27. “We are thrilled to announce Barnes & Noble’s Educator Appreciation Days to ring in the new school year,” said Tracy Vidakovich, Vice President, Business Development for Barnes & Noble. “Educators and administrators are one of our most loyal customer bases and we want to continue to show our commitment to them with this initiative and savings on their back-to-school purchases.” Click Read More below for additional details.