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Finance & Markets

Cerberus Sells Real Estate Firm Tenet Equity for $1.6 Billion

Cerberus Capital Management sold a net-lease real estate business it founded five years ago for $1.6 billion, capitalizing on demand for a type of property transaction that’s gaining popularity.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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Labor Day Gasoline Just Hit a Record. Here’s What Comes Next

Beyond its historical roots as a day to honor the achievements and contributions of workers, Labor Day has emerged as one of the largest retail sales weekends of the year in the U.S., second only to…

  • Labor Day marks record $4.15/gallon average for unleaded gasoline, 30% increase from last year
  • Diesel prices surge to $5.90/gallon, up from $3.70 a year ago
  • High fuel costs deter holiday road trips, domestic airfares up 20%

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