Oil held above $68 a barrel as America's potential exit from the Iran nuclear deal increased concern over Middle East supplies, overshadowing expanding U.S.
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Deutsche Bank AG is embarking on what may be the most sweeping overhaul ever of its struggling investment bank and said it would focus more on European clients, walking away from ambitions to be a top global securities firm.
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Overall trading revenue at the investment bank rose 8 percent to 1.46 billion pounds in the first three months of the year, compared with the 2 percent average drop forecast by three analysts surveyed by Bloomberg News. The good performance in equities — which was similar to the 32 percent surge
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Subway Restaurants is planning to shutter an estimated 500 locations in the U.S.. The Milford, Conn.-based chain wants to focus on better restaurant locations and boosting sales, according to Bloomberg.
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EBay Inc. gave a disappointing forecast for revenue growth in the second quarter, taking the shine off Chief Executive Officer Devin Wenig's turnaround strategy. The online marketplace said sales will be $2.64 billion to $2.68 billion in the second quarter, while analysts were projecting $2.68 billion.
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