The auction for Subway is expected to come to a head in about a month, with about a half-dozen parties still vying for the sandwich chain, including private equity firms Roark Capital Group and London-based TDR Capital, according to people familiar with the matter.
Wages for US oil workers climbed above $43 an hour for the first time ever as employment held steady in the shale patch and explorers push to maintain their slow production growth.
Carvana Co. canceled a $1 billion debt swap after a group of creditors refused to exchange their notes, posing a challenge as the used car retailer attempts to rein in its debt load.
Centerview Partners investment banker Emlen Fischer has departed the investment bank to join solid-state battery startup Factorial Energy.
It’s being sold along with an acre of vines by a member of the prominent Sebastiani winemaking family.
Signs of labor-market slackening in May despite a pickup in hiring are likely to keep the Federal Reserve on hold this month while policymakers mull a hike later in the summer.
The ESG fund with the biggest exposure to Nvidia Corp. has trounced much of the market, as bets on artificial intelligence transform the fortunes of portfolios promoting environmental, social and governance principles.
China will allow Argentina to freely spend more of a 130 billion yuan currency swap line the nations share after leaders met Friday in Beijing.
The Federal Reserve shouldn’t have led investors to expect a pause in interest-rate hikes in June before officials saw last month’s jobs numbers, says Mohamed El-Erian.
In a twist that most asset managers could only dream of, investment funds are reaping profits through the Internal Revenue Service.
