Victoria’s Secret can’t pin its struggles on the retail apocalypse (LB)

Victoria’s Secret and PINK, owned by L Brands, have been struggling with growth. April marked the second month of declining sales for the two sister stores. The two lingerie brands may be hitting their ceiling after years of dominating the lingerie market. Watch L Brands trade in real time here. Victoria’s Secret and PINK, owned by parent company L Brands,…

Report: Lou Lamoriello to join Islanders front office

Former Toronto Maple Leafs general manager Lou Lamoriello is expected to join the New York Islanders’ front office. Exclusive: Lou Lamoriello will be hired to run Islanders’ hockey operations https://t.co/Q3HJlTKU21 — Arthur Staple (@StapeAthletic) May 21, 2018 The news was first reported by Arthur Staple of The Athletic. Sportsnet’s Elliotte Friedman later added additional information. I’m not exactly sure how…

Elon Musk reveals new details about when the $35,000 version of the Model 3 will arrive and explained why it isn’t available now (TSLA)

On Sunday, Tesla CEO Elon Musk said the company would start delivering the $35,000 base model of the Model 3 three-to-six months after hitting a production rate of 5,000 Model 3s per week. In early May, Tesla said it was aiming to produce 5,000 Model 3s per week “in about two months” during its first-quarter earnings report. If Tesla had…

Facebook owns Instagram, Messenger, WhatsApp — now there’s a call to break it all up

A coalition of advocacy groups has launched a campaign urging the government to break up Facebook — making it the latest among Silicon Valley tech giants whose size, reach and power are increasingly being questioned and challenged. The groups are asking the Federal Trade Commission to order Facebook to break off Instagram, Messenger and WhatsApp, and say they want users…