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Category Archives: Uncategorized

Goldman Sachs to post $400 million hit to third-quarter results as it unwinds consumer business

In late 2022, Goldman Sachs began to pivot away from its consumer operations, beginning a series of write-downs related to selling chunks of the business.

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Big Lots files for bankruptcy protection, sells to private equity firm as it promises to keep offering ‘extreme bargains’

Discount home goods retailer Big Lots filed for bankruptcy protection as low-income shoppers slow spending on new furniture and home decor.

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Nelson Peltz steps down as chair of Wendy’s board, starting a new era for burger chain

Peltz’s Trian Fund Management has a 10% stake in Wendy’s, making it the company’s second-largest shareholder.

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DirecTV customers will likely miss ‘Monday Night Football’ NFL game as carriage fight with Disney continues

DirecTV’s pay TV customers lost access to Disney’s networks, including ESPN, last week.

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Nordstrom shares climb 5% as earnings top estimates, but retailer issues cautious guidance

Nordstrom has been working to cut costs and improve operations as it contends with softening demand for luxury goods.

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Washington Commanders strike stadium naming rights deal with Northwest Federal Credit Union

The home of the Washington, D.C., NFL team has been without a naming rights partner since FedEx ended its deal with the Commanders in February.

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NFL wants a cut of private equity investment profits

NFL owners are planning to vote on a proposal Tuesday that would allow private equity firms to take a maximum 10% stake in teams.

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Home prices hit record high in June on S&P Case-Shiller Index

On a three-month running average ending in June, prices nationally were 5.4% higher than they were in June 2023, according to data released Tuesday.

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NFL expected to vote in favor of private equity ownership; select firms to commit $12 billion

The NFL is the last major sports league to allow private equity investment as rising valuations make it harder for owners to buy in.

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Eli Lilly releases new form of weight loss drug Zepbound for half the price to boost access, supply

Eli Lilly is offering 2.5-milligram and 5-milligram single-dose vials of Zepbound for $399 per month and $549 per month, respectively.

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