50/FIFTY

Today's stories, rewritten neutrally

FinanceJun 2

British American Tobacco Lowers Cigarette Sales Outlook for 2024

British American Tobacco reduced its cigarette volume expectations for this year, citing lower-than-expected global industry performance.

2 sources
FinanceApr 30

Law firm collapse leaves couple facing double mortgage payments amid rising debt cases

A couple faced potential home repossession after their law firm collapsed, as new data shows county court debt judgments rose 17.5% in early 2024.

2 sources
FinanceApr 30

Caterpillar Raises Outlook Amid Strong Equipment Demand

Heavy machinery manufacturer Caterpillar increased its financial outlook, citing continued strong demand for construction equipment and generators.

2 sources
FinanceMar 29

Federal Judge Halts $6.2 Billion Nexstar-Tegna Television Station Merger

A federal judge blocked the proposed merger between Nexstar Media Group and Tegna that would create the largest local TV operator.

2 sources
FinanceMar 29

Indian conglomerate Vedanta to split in five next month

Indian conglomerate Vedanta plans to divide into five separate companies next month.

2 sources
FinanceApr 24

Oil Market Analysis Shows Divergent Views on Price Direction and Global Demand

Financial analysts present conflicting assessments of oil market trends, with some predicting higher prices while others warn of weakening global demand.

3 sources
FinanceApr 24

Chick-fil-A Raises $650 Million Through Investment-Grade Private Debt Sale

Restaurant chain Chick-fil-A completed a $650 million private debt offering of investment-grade securities.

3 sources
FinanceApr 13

California Commercial Salmon Fishing to Resume After Two-Year Closure

Commercial salmon fishing will reopen off California's coast for the first time since 2022 due to recovering fish populations.

2 sources
FinanceApr 29

Porsche Reports First-Quarter Decline Amid China Challenges, Maintains Full-Year Outlook

Porsche experienced a first-quarter decline due to tariffs and Chinese market pressures but reaffirmed its annual guidance while continuing strategic restructuring.

2 sources
FinanceApr 29

Reports Detail Stolen Guns and Religious Artifacts at Epstein Properties

New reporting reveals gun thefts from Jeffrey Epstein's New Mexico ranch and his acquisition of Islamic artifacts for a building on his private island.

2 sources
FinanceApr 29

Tetra Pak Family Office Exits Hong Kong; CVC Injects Capital into Lipton

The family office managing the $12 billion Tetra Pak fortune has departed Hong Kong while private equity firm CVC provides additional funding to Lipton tea business.

2 sources
FinanceMar 11

UK Tourist Attractions Blame Weather Apps for Lost Revenue from Inaccurate Forecasts

British tourist attractions claim weather forecasting apps are deterring visitors with misleading predictions, costing the industry millions annually.

2 sources
FinanceMar 27

Mortgage Rates Rise to 6.38% as Housing Market Data Shows Mixed Trends

Thirty-year mortgage rates climbed to 6.38 percent while national home prices increased 8 percent since early 2024.

2 sources
FinanceMar 12

Deutsche Bank expands private credit business while noting portfolio risks

Deutsche Bank is growing its private credit offerings as the sector expands, while acknowledging associated risks.

3 sources
FinanceApr 29

Data Center Company Raises $4.59 Billion in High-Yield Bond Offering

A data center company with ties to Nvidia successfully completed a $4.59 billion junk bond sale to fund operations.

2 sources

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