In an informal survey of the lords of high finance, executives praised Trump’s strike on Iran, and said they won’t worry about the market until there are American boots on the ground. It’s the New Yor...

David Zazlav, who leveraged his way to media moguldom, is now using an unusual debt tender offer as part of the process of spinning out WBD’s linear TV assets. Is it a sweet deal for bondholders, or a...

It’s not at all clear where Shari Redstone would come up with the $550 million she would owe her creditors if the Skydance-Paramount deal falls through—and the consequences are mind-boggling.

So what happens if Shari Redstone can’t close her Paramount deal by the fall—as is becoming increasingly likely? A $300 million payment to the Ellisons, another $250 million to Byron Trott, the potent...

For years, David Zaslav and henchman Gunnar Wiedenfels had been following the yeoman’s path of paying down Warner Bros. Discovery’s $55 billion debt, all in the service of exploding the value of their...

Selling deals is a hype game. Disclosure rules are loose and going to get looser. But gatekeepers — lawyers, investment bankers, and Big 4 global audit firms — win all the time.

While everyone’s focused on the fate of the SALT deduction in Trump’s tax bill, a similar but lesser-known provision could punish a range of businesses, from high-powered law firms and hedge funds to ...

The finance types who create ghost companies, then take them public through an I.P.O. with nothing more than a promise and a wink, have been busy this year—including the three geniuses behind what bec...

More strife at Saks Global as the retailer faces a $121 million interest payment due next month and a possible $100 million-plus shortfall in August. Meanwhile, executives have questions about the art...

Pretty much everything that could go wrong at Saks Global has gone wrong. Now, two firms best known for advising on restructurings have been engaged amid growing doubts about the company’s future.

Days after NBCU announced the name of its SpinCo, David Zaslav kicked the rumor mill into overdrive by announcing that Warner Bros. Discovery, too, had successfully cordoned off its declining cable bu...

The former Apollo executive has defeated all but one of the misconduct allegations against him—an increasingly surreal case involving a client who has been dropped by her lawyers and is now at war wit...

Orszag and Lazard co-head of European investment banking, Jean-Louis Girodolle, discuss whether the tariffs can actually work, America’s role as world leader, and the current market volatility.

A deep dive into the 400-page bond prospectus reveals some very creative accounting, including my new fave: “Pro Forma Run-Rate Adjusted EBITDA.”

In an increasingly nasty proxy battle, Paul Singer’s hedge fund is agitating for board seats and what it claims is long-overdue change at Big Oil’s Phillips 66, whose chairman has chosen to fight.

In an increasingly nasty proxy battle, Paul Singer’s hedge fund is agitating for board seats and what it claims is long-overdue change at Big Oil’s Phillips 66, whose chairman has chosen to fight.

A deep dive into the 400-page bond prospectus reveals some very creative accounting, including my new fave: “Pro Forma Run-Rate Adjusted EBITDA.”

Orszag and Lazard co-head of European investment banking, Jean-Louis Girodolle, discuss whether the tariffs can actually work, America’s role as world leader, and the current market volatility.

Larry Summers, the former Treasury secretary and N.E.C. director, goes “Full Larry” on the economic fallout under Trump II—capital flight, lost exports, violent deleveraging, declining competitiveness...

The high-stakes roll-up of Saks and Neiman Marcus is now straining under the weight of its junk-bond financing. Facing spiking yields, vendor unrest, and now Trump’s trade war, Richard Baker’s bold be...

The high-stakes roll-up of Saks and Neiman Marcus is now straining under the weight of its junk-bond financing. Facing spiking yields, vendor unrest, and now Trump’s trade war, Richard Baker’s bold be...

When the Fox wannabe’s stock popped (and then plunged) after its I.P.O. earlier this month, the billionaires got out in time and retail investors got burned. Same as it ever was…

As voters lose trust in his stewardship of the economy, the president is shifting to the familiar terrain of immigration. The problem for him is that, as fears of recession grow, the issue is tumbling...