Private equity firm Roark Capital Group expects to borrow nearly $5 billion in a little-known debt market to help permanently fund its investment in US sandwich chain Subway, after lining up temporary funding from banks.
Gap Inc. reported second-quarter comparable sales and revenue that missed the average analyst estimate, underscoring ongoing weakness at the retailer’s four brands.
Warner Bros. Discovery Inc. is moving the release date for its upcoming film Dune: Part Two to March 14 from November, betting that the twin strikes roiling Hollywood will be over by then and the stars can promote the picture.
About 12.8 million people watched the first Republican presidential primary debate of the 2024 election season, an event that competed with an online interview former President Donald Trump gave to Tucker Carlson.
The yen has eclipsed bond market liquidity as a potential catalyst for a further adjustment to the Bank of Japan’s monetary policy.
Investigators in Maui are increasingly zooming in on one particular area outside of Lahaina as a possible source of the ignition point for the deadly fire that burned the seaside town to ash and killed more than 100 people in one of the worst US natural disasters in decades.
A group of Tesla Inc. investors stands to recover an average of about $12,000 a head for losses they incurred from Elon Musk’s famous 2018 tweet that he had “funding secured” to take the car maker private at $420 a share — and then didn’t.
Chicago Mayor Brandon Johnson has a plan to help tackle soaring car thefts in the city: Sue the automakers.
A Republican National Committee lawsuit accusing Google of routing emails to Gmail users’ spam folders was tossed out by a judge who said the internet giant fairly concluded they were unwanted messages.
Stocks closed near session lows as bond yields rose, with traders wading through remarks from a slew of Federal Reserve officials and awaiting Jerome Powell’s speech for clues on the interest-rate outlook.
