A team of traders specializing in convertible bonds at multistrategy hedge fund LMR Partners is on track for record yearly gains as a surge in issuances and a pickup in corporate actions create a fertile hunting ground for the arbitrageurs.

American International Group Inc. agreed to buy stakes in specialty insurer Convex Group and alternative asset manager Onex Corp. in transactions that total more than $2.7 billion.

Chipotle Mexican Grill Inc. shares plummeted after the fast-casual chain cut its outlook for a third time this year as diners pulled back from eating out, a fresh warning sign for consumer spending.

Sandford Frey joined Stinson LLP as a partner in Los Angeles in the bankruptcy and creditors’ rights practice division, the firm announced Oct. 23.

Some Adler Pelzer Holding GmbH bondholders have signed non-disclosure agreements, a sign that talks between the auto parts maker and its creditors over a potential debt refinancing have stepped up.

Estée Lauder Cos.reported profit that surpassed Wall Street’s expectations, a sign the cosmetics company’s turnaround efforts are starting to pay off despite rising costs.