SuccessHeirs of Subway’s billionaire founders could become some of America’s richest people overnight in a $10 billion sale deal
Subway has been owned by its two founding families for more than five decades.
January 14, 2023
Latest
Newsletters
- raceAheadState Street’s first-ever diversity chief says customers are key stakeholders in the firm’s diversity efforts: ‘They push us to be better’
- The Trust FactorCrisis communications experts say the NFL mostly got the Damar Hamlin episode right—and avoided losing even more of the public’s trust
- Data Sheet3 burning questions about Tesla’s aggressive EV price cuts
- cryptocurrencyGary Gensler throws crypto investors under the bus—again
- BroadsheetThese founders launched a meal delivery service to bring traditional Chinese medicine to postpartum women
- CHRO DailyHow Cardinal Health creates benefits for its 5-generation workforce
Inflation
COVID-19
Quarterly Investment Guide: Q1 2023
Features
Fortune Recommends
Fortune Crypto
Leadership
Success
Fortune Well
Fortune @ Work: The Return-to-Office Playbook
Path to Zero
Commentary
- real estateFirst-time homebuyers face 3 uphill battles-but help is on the way, according to Zillow’s chief economist
- InflationInflation has slowed–but high prices are here to stay. Here’s why the next rate hike should be the Fed’s last
- marketsI watched market rumors spread across the NYSE trading floor for a decade. Now they’re moving at warp speed
- cryptocurrencyRipple: ‘Congress must examine the SEC’s role in the recent crypto contagion’
- energyThe U.S. has thwarted Putin’s energy blackmail. Europe says ‘Tanks a lot!’
- Brainstorm TechWhy visual collaboration will be a key driver in the future of work
Topics
Asia
China announces nearly 60,000 COVID deaths since early December as local reports suggest a much higher toll
‘Don’t go home’: Health officials urge China’s billions of travelers to avoid visiting their elderly parents during Chinese New Year
One of the House GOP’s first actions was to ban China from accessing the national Strategic Petroleum Reserve
Environment
World ‘way off track’ in meeting climate goals, says new COP28 president, an oil executive whose appointment angered activists
‘The last eight years have clearly been warmer than the years before’: 2022 was one of the 5 or 6 hottest years ever
Exxon scientists knew almost exactly how bad climate change would be back in the 1970s while saying the opposite publicly, study finds
Europe
Vladimir Putin demotes Russia’s top commander in Ukraine, ‘General Armageddon,’ after just 3 months in the job
Putin made a big bet that energy sales would fund his war in Ukraine. A new report shows that he was very wrong
World’s richest man, LVMH’s ‘wolf in cashmere,’ installs daughter as Dior head amid raging succession battle
Finance
Goldman Sachs employees were laid off at ‘meetings’ they had been emailed calendar invites for: Report
Elon Musk and Tesla owners are learning a harsh lesson about revaluation
Signs of recession pain expected in earnings reports: ‘Very few sectors now seem immune to the slowing’
Health
COVID keeps surging, but life is returning to normal everywhere you look. When will the pandemic really be over?
Married men are healthier than everyone else. Here’s why they get the best end of the deal.
Rock legend Jeff Beck died suddenly of bacterial meningitis. Here’s what that is and how to protect yourself from it.
Leadership
The walls are closing in on corporate employees as CEOs at Disney and Starbucks demand that workers start returning to the office
How Cardinal Health creates benefits for its 5-generation workforce
Disney and Tesla’s board seat battles are just the beginning. An SEC rule change could put more directors at risk
The Ledger
Keeping up with the SEC: Here’s what Kim Kardashian and your financial adviser have in common
Crypto lender BlockFi files for bankruptcy after FTX implosion
New York bans new crypto mining power plants—for now
Lifestyle
The Hawaiian Airlines flight turbulence that injured dozens was due to a cloud behaving weirdly: Report
How to watch the Wild Card Round of the NFL regular season, live online for free—and without cable
A major Hollywood producer just pulled back the curtain on how hard it is to make movies—and how the streaming model killed the independent film
Personal Finance
The Mega Millions jackpot just minted a new billionaire on Friday the 13th—the first ever from Maine
First-time homebuyers face 3 uphill battles-but help is on the way, according to Zillow’s chief economist
Inflation has slowed–but high prices are here to stay. Here’s why the next rate hike should be the Fed’s last
Politics
More classified documents found at Joe Biden’s Delaware home as president faces scrutiny over earlier disclosures
First-time homebuyers face 3 uphill battles-but help is on the way, according to Zillow’s chief economist
‘Your husband is a polar bear, skinny’: FEMA fires translators who sent gibberish to Alaskan Native Americans after a typhoon
Retail
Barbie is going after the coveted 3-year-old demographic with a taller new doll that has less of an hourglass figure
Subway said to eye sale that could top $10 billion
Uniqlo owner tries to make working in retail attractive with raises of up to 40% as Japan’s inflation soars
Success
Heirs of Subway’s billionaire founders could become some of America’s richest people overnight in a $10 billion sale deal
Mark Cuban originally intended to ‘party like a rock star,’ but now says he would ‘for sure’ be just as happy without his billions
The Wall Street Journal’s parent company is ordering staff back to the office because ‘screens deny us the subtleties of body language’
Tech
Nevada lithium site that could support production of 370,000 electric vehicles annually for decades gets boost with $700M government loan
America could learn a thing or two from Germany if it wants to figure out how to solve its manufacturing labor shortage
Tesla owners lash out at Elon Musk after he slashes car prices by thousands of dollars: ‘I feel like I got duped’