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A diminished Victoria’s Secret is sold

Victoria's Secret, beset by falling sales and uncomfortable questions about its billionaire founder who has run the company for five decades, is being sold.

Latest Business Headlines

Fidelity spins off business that helps consumers control financial data

FMR LLC, the parent of the Boston-based financial services giant, said Thursday that Akoya will become an independent company jointly owned with 11 banks and The Clearing House Payments Co.

Morgan Stanley to buy E*Trade for $13 billion

E*Trade has over 5.2 million client accounts with over $360 billion of retail client assets, adding to Morgan Stanley’s existing 3 million client relationships and $2.7 trillion of client assets.

Trump appointing Richard Grenell to be acting director of intelligence

Grenell is a Trump loyalist who was nominated to be ambassador to Germany in 2017 after having served as spokesman for the U.S. Mission to the United Nations in the early 2000s.

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LendingClub buys Radius Bank
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Barr blasts big tech, questioning its protection from liability for content
‘No longer are tech companies the underdog upstarts,’’ the attorney general said. ‘‘They have become titans.’’

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Bold Types

Globe reporter Janelle Nanos sits down with leaders in the city’s business community to talk about their career paths, work and accomplishments, as well as their vision for Boston’s future.

More business headlines

It’s not you: 2019 was a bad year for US air travelers

Forget about perks like miles, meals, and movies. At their core, airlines promise a simple service — timely transportation — yet they made little progress toward improving that basic offering last year.

GE tries to break Rolls’ grip on engines for Airbus jet

General Electric Co. is in talks with Airbus SE to offer engines for the A330 jet, people familiar with the matter said, aiming to break Rolls-Royce Holdings Plc’s grip as the sole engine provider for the wide-body plane.

Trump considering Richard Grenell to be acting director of intelligence

President Donald Trump said he’ll appoint Ric Grenell, the current U.S. ambassador to Germany, to be the next acting director of national intelligence.

CHESTO MEANS BUSINESS

Plans for East Boston commuter boat are now on deck

Politicians have long talked about reviving commuter boats in East Boston. Now that talk finally seems to be turning into action.

Cruise giant Carnival works to manage deepening coronavirus crisis

The arrival of the Westerdam cruise ship in Cambodia seemed like cause for celebration.

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It’s ‘game over’ for Sony at PAX East 2020

Sony officials said the company will not participate in next week’s PAX East gaming exposition in Boston, out of concern about the spread of the coronavirus epidemic.

Caroline Kennedy quits advisory board at Harvard school named after her father

The former US ambassador to Japan and daughter of President John F. Kennedy has resigned unepectedly as honorary chair of the governing board of an institute at Harvard University’s Kennedy School.