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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jul 31, 2021
Page
11
The Eastern Iowa market roundup shows slight declines and gains with notable movements among chemicals and defense stocks. PrinFnel trades at 62.13, down 0.76, ProdGam at 142.23 up 2.75, Raytheon at 86.95 down 0.70, and UFG at 24.92 up 0.74.
The IRS began a fresh round of unemployment related refunds, sending about 1.5 million taxpayers an average $1,686 as it adjusts 2020 returns for the pandemic era unemployment benefits. Paper checks start July 30.
NBCUniversal chief Jeff Shell said the company faced negative headlines and lower linear ratings but found positives in Peacock. The streaming service reached over 54 million sign ups and about 20 million monthly active accounts, aided by the Olympics, Boss Baby 2 and Doctor Death. Despite ratings issues, NBCUniversal stays in medal contention six days into Tokyo 2020 competitions.
L Brands agrees to a 90 million settlement covering a hostile culture at Victoria's Secret and related governance reforms. Each brand will invest 45 million over five years to fund policies, with 21 million for legal fees. The move comes as Victoria's Secret and Bath and Body Works split into separate public companies. Legal actions claimed ignored harassment, implicating founder Leslie Wexner and executives, and referenced former exec Ed Razek. Epstein ties were noted in claims but no new charges.
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