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MarketWatch MarketPulseMar 29, 2020
COVID-19 tally: 684,652 cases and at least 32,113 deaths
There are now 684,652 cases of COVID-19 and at least 32,113 people have died, according to aggregated data from Johns Hopkins Whiting School of Engineering's Centers for Systems Science and Engineering. About 145,696 people have recovered from the novel coronavirus that has sickened people in 176 countries. The U.S now has the most number of cases worldwide, with 124,763 cases and at least 2,191 deaths. China, where the virus was first detected in December, has 82,120 cases and 3,304 deaths. Italy, which is the epicenter of the pandemic in Europe, has more cases than China at 92,472 cases and 10,023 deaths. Spain has 78,797 cases and 6,528 deaths; Germany has 50,247 cases and 455 deaths; and Iran has 38,309 cases and 2,640 deaths. South Korea, which has been admired for its wide use of testing and containment measures, has 9,583 cases and just 152 deaths.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseMar 27, 2020
Victoria's Secret parent L Brands halts dividend, furloughs employees
L Brands Inc. said Friday it was halting its dividend, cutting expenses and its capital expenditures plan, furloughing employees and cutting executive pay to shore up its balance sheet amid the coronavirus pandemic. Dividend payments are suspended starting with the payment in the second quarter of fiscal 2020, said L Brands, the parent company of Victoria's Secret, Bath & Body Works and other retailers. "The company remains committed to paying dividends over the long-term and will re-evaluate when appropriate," L Brands said. Executive pay will be cut by 20%, and employees not working to support online sales and those who cannot work from home are furloughed effective April 5. "All furloughed associates will continue to receive existing healthcare benefits. As circumstances change, L Brands will make every effort to bring these associates back to work as soon as possible," L Brands said, without specifying the number of employees. The company also extended store closures and said its salespeople will continue to receive pay and benefits through April 4, one week longer than originally announced. L Brands said it has more than $2 billion in cash, and the cash balance plus Friday's measures will "sufficient current liquidity." Shares of L Brands have lost 51% in the past 12 months, which compares with a drop around 8% for the S&P 500 index .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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