Subway has sold itself to private equity firm Roark Capital, ending a six-month long search for a buyer. It brings to an end the sandwich chain’s near six-decade run as a family-owned business, a media report said. Roark’s deal is one of the biggest acquisitions in fast food history, coming in just under Inspire Brands’ $11.3 billion purchase of Dunkin’ in October 2020. Roark owns Inspire, which also operates Subway rival Jimmy John’s..
It was inevitable in the current climate of social media toxicity and invective that the Wall Street Journal’s White House correspondent Sabrina Siddiqui would be harassed and intimidated online for asking an anodyne question of India’s Prime Minister Narendra Modi.
Elon Musk is in talks to hire Linda Yaccarino, the chair of global advertising and partnerships at NBCUniversal, as the chief executive of Twitter, The New York Times reported.
The US snooping on India’s National Security Adviser Ajit Doval has been revealed in the leak of a Washington document on talks between him and Russia’s Security Council Secretary Nikolai Patrushev.
Former US President Donald Trump faces a “legal tsunami’ post his arraignment by a New York court on 34 charges of felony, including tax fraud by his businesses and the hush money payment to adult film star Stormy Daniels, thus crashing hopes of a Republican nomination for his third presidential run.
Shou Zi Chew, the CEO of Chinese short-form video platform TikTok, which faces a nationwide ban in the US, has warned users as he prepares to appear before the US Congress on March 23.
Wall Street banks have moved to end the US’s spiraling banking crisis by agreeing to prop up troubled First Republic, a mid-sized bank whose shares have been pummeled amid a wider banking turmoil. Bank of America, Goldman Sachs, JP Morgan and others will deposit $30 billion in First Republic, which has seen customers yank their money following the collapse of Silicon Valley Bank (SVB) and fears that First Republic could be next.