After Gap Inc. recently announced it would separate its Old Navy brand from the Gap and Banana Republic brands, L Brands has come under pressure from investors to consider a similar strategy.
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The good news/bad news economy took a turn for the better today lifting stock prices across the market.
January spending on construction and non-defense durable goods was up 1.3 percent and 0.8 percent respectively, according to data released by the Commerce Department this morning. That suggests a healthy rebound from a weak economy at year-end.
Technology stocks led the market higher again today, lifting the Nasdaq Composite and S&P 500 indexes by 0.69 percent each. The Dow index was up 0.58…