Equity futures pointed to losses on Wall Street at Tuesday's opening bell, a day after losses in major U.S. tech stocks weighed on the market.
, instead of selling the lingerie brand, the company announced Tuesday. L Brands said its board determined it would obtain a better valuation through the spinoff than a sale. The transaction is expected to close in August, putting Victoria's Secret and Bath & Body Works into two publicly traded firms. it will not air the Golden Globes in 2022, saying the organization behind the awards, the Hollywood Foreign Press Association, is not diversifying its ranks quickly enough.
Virgin Galactic lost 55 cents per share for its latest quarter, more than double the 27 cent loss that analysts were anticipating. Billionaire Richard Branson's space flight company also said it is evaluating a timeline for its next test flight, citing the need to analyze wear-and-tear issues for its Eve mothership.
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