Funding & Business
Insurance Firm Definity Financial Readies C$1 Billion Debt Sale
Definity Financial Corp. plans to sell around C$1 billion ($723 million) of debt in two parts as it prepares to close the acquisition of Travelers Canada, according to people familiar with the matter.
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Joanne Crevoiserat, Tapestry CEO, says the company will apply its successful Coach “playbook” to Kate Spade. She tells Romaine Bostick and Katie Greifeld on “The Close” that the brand is resonating with younger consumers, noting Gen Z views luxury differently. (Source: Bloomberg)
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Larry Ellison briefly surpassed Elon Musk to become the world’s richest person Wednesday after a jump in Oracle shares added a record amount to his fortune.
Ellison’s wealth soared to $89 billion after Oracle’s latest earnings results surpassed analysts’ expectations, with the company saying there’s more growth to come.
That increase lifted Ellison’s total net worth to $383.2 billion, according to the Bloomberg Billionaires Index. It’s the biggest one-day increase ever recorded, and put him ahead of Musk for much of the day Wednesday before the Tesla CEO edged back into pole position by $1 billion. Bloomberg News Wealth Americas Team Leader Kristine Owram joins Bloomberg Businessweek Daily to discuss. (Source: Bloomberg)
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People seen leaving university campus after Charlie Kirk shooting at Utah Valley University. (Source: Hyrum Hatch)
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