Want this in your inbox each morning? Sign up here. Deals come undone. The investment firm that agreed to buy Victoria’s Secret in February wants to back out, the highest-profile example to date of a buyer trying to unpick a deal because of the pandemic.
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(Reuters) – Domino’s Pizza Inc on Thursday forecast a 7.1% rise in U.S. comparable store sales in the first four weeks of the current quarter, benefiting from home-delivery orders from diners put under lockdown to curb the spread of the coronavirus. The world’s …
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Blackstone Group Inc.’s first-quarter results were hit hard by the coronavirus-led market selloff, and the firm’s president, Jonathan Gray, said he sees the economic recovery taking some time to gain steam. The private-equity giant swung to a loss as declining …
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Unilever stock fell on Thursday as sales were flat in the first quarter despite stockpiling, and the consumer goods giant warned of “lasting changes” in consumer behavior. Unilever stock fell on Thursday as sales were flat in the first quarter despite stockpiling, …
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Sanofi has posted the data that led it to start four phase 3 trials of its Principia Biopharma-partnered multiple sclerosis drug SAR442168. The phase 2 linked the BTK inhibitor to relative reductions in new lesions of 85% or more, but criticism of the study design …
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