Oprah Winfrey’s Magazine to Cease Regular Print Publication (hollywoodreporter.com)

RH reported first-quarter sales and earnings that beat expectations and raised its full-year forecast, expressing confidence that its strong performance will continue through the rest of the year and in 2022 and beyond. The luxury home furnishings company (formerly known as Restoration Hardware) cited a number of factors for its positive outlook, including a strong housing and renovation market (both with pent up demand and a long tail), a record stock market, low interest rates and the reopening of several large parts of the economy. It will also launch the largest new product introduction cycle in its history, beginning this fall. “Additionally, the un-masking of the general public could lead to a Roaring Twenties type of consumer exuberance,” CEO Gary Friedman wrote in his quarterly letter to shareholders.

S&P Global announced that it has entered into an agreement to sell its Engineering Solutions business to investment funds managed by KKR, a leading global investment firm and a longstanding customer of S&P Global, for $975 million in cash, subject to customary purchase price adjustments. S&P Global currently anticipates the divestiture to result in after-tax proceeds of approximately $750 million, which proceeds are expected to be used to fund share repurchases. The agreement follows S&P Global's announced intent in November 2022 to divest the business.

Consistent with the rest of the shipping industry, USPS experienced delays in both ground and air transportation during the month of February due to inclement weather events including winter storms in the Midwest, South and Northeast regions. The Postal Service continues to implement mitigation plans to move mail and packages effectively across the nation. Additional second quarter service performance scores covering Jan.1 through March 4 included: *First-Class Mail: 86.9 percent of First-Class Mail delivered on time against the USPS service standard, a decrease of 2.3 percentage points from the fiscal first quarter. *Marketing Mail: 91.7 percent of Marketing Mail delivered on time against the USPS service standard, a decrease of .5 percentage point from the fiscal first quarter. *Periodicals: 80.5 percent of Periodicals delivered on time against the USPS service standard, a decrease of .4 percentage point from the fiscal first quarter.