50/FIFTY

Today's stories, rewritten neutrally

FinanceMar 26

Mixed Results for Fashion Retailers as LPP Surges While Designer Brands Declines

Polish retailer LPP saw shares jump to record highs on strong sales growth, while Designer Brands reported declining comparable sales.

2 sources
FinanceMar 11

Cintas to Acquire Uniform Supplier UniFirst in $5.5 Billion Deal

Workplace products company Cintas agreed to buy uniform supplier UniFirst for $5.5 billion in enterprise value.

2 sources
FinanceApr 2

Gateway Capital Closes $25M Fund II for Investment Operations

Milwaukee-based venture firm Gateway Capital has completed the first close of its $25 million Fund II, enabling the firm to begin new investment activities.

2 sources
FinanceMar 17

Morgan Stanley Issues Mixed Forecasts on Insurance and Private Credit Sectors

Investment bank Morgan Stanley released separate research notes covering insurance sector opportunities and private credit default projections.

2 sources
FinanceApr 2

193-Year-Old Tortoise Jonathan Alive Despite Viral April Fools' Death Hoax

Jonathan, the world's oldest known land animal, became subject of false death reports on April Fools' Day that spread widely on social media.

2 sources
FinanceMar 10

Two Major Corporate Financial Moves: Salesforce Plans $25B Raise, Meta Veteran Seeks $1B

Salesforce plans to raise up to $25 billion for share buybacks while a Meta executive and Sequoia partner aim to raise over $1 billion for new firm.

2 sources
FinanceMar 13

John Lewis Executive Cites Tax Increases as Challenge for High Street Retailers

John Lewis Partnership leadership highlighted Labour government tax policies as obstacles facing retail sector operations.

2 sources
FinanceMar 18

BP Locks Out Union Workers at Indiana Oil Refinery

BP has implemented a lockout of union workers at its oil refinery in Indiana, escalating a labor dispute at the Midwest facility.

2 sources
FinanceMar 6

Mortgage Interest Rates Updated for Early March 2026

CBS News provided updated mortgage interest rate information for homebuyers and refinancing customers on March 4 and 5, 2026.

4 sources
FinanceMar 6

Nike to Record $300 Million Charge for Cost-Cutting Efforts

Nike announced it will take a $300 million charge related to restructuring costs as the company pursues efficiency improvements.

2 sources
FinanceMar 21

Two Separate Stories: Thiel's Fund Backs AI Startup; Buffett Defends Giving Pledge

Peter Thiel's venture fund invested in an AI livestock monitoring company while Warren Buffett defended his charitable giving initiative.

2 sources
FinanceMar 17

Canadian Financier Stephen Smith Acquires 26.9% Stake in The Economist Magazine

Stephen Smith has agreed to purchase a 26.9% stake in The Economist publication from the Rothschild family.

2 sources
FinanceMar 17

Blue Owl Forces UK Mortgage Lender Into Insolvency After Finding Irregularities

Blue Owl Capital triggered the insolvency of a UK mortgage lender after discovering financial irregularities during its oversight.

2 sources
FinanceMar 5

Federal Court Advances Toward Ordering Tariff Refunds

A U.S. court has taken initial steps toward potentially ordering refunds of billions in previously collected tariffs.

2 sources
FinanceMar 11

Former Starbucks CEO Howard Schultz relocating from Seattle to Miami

Howard Schultz announced he is leaving Seattle for Miami after 44 years as Washington state considers a tax on high earners.

2 sources

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