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Financial turmoil at SunEdison imperils solar projects worldwide

April 9, 2016 by · Leave a Comment 

In November, solar energy giant SunEdison Inc reported that its project pipeline had grown by 75 percent in just a year, the result of an aggressive growth strategy. Now, five months later, many of those projects are imperiled

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Financial turmoil at SunEdison imperils solar projects worldwide

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Marriott, Starwood Hotels stockholders approve deal

April 9, 2016 by · Leave a Comment 

Holders of more than 97 percent of Marriott shares and over 95 percent of Starwood shares voted in favor of the cash-and-stock deal, which was valued at $12.41 billion as of Thursday. China's Anbang Insurance Group Co last week abandoned its $14 billion offer for Starwood Hotels,

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Marriott, Starwood Hotels stockholders approve deal

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Foxconn lowering offer for Japan’s Sharp: Yomiuri

March 20, 2016 by · Leave a Comment 

Taiwan's Foxconn is lowering an offer for loss-making Japanese electronics maker Sharp Corp from an initial plan of 489 billion yen ($4.4 billion), the Yomiuri newspaper reported on Sunday. The reason behind the move is that Foxconn appears to be concerned

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Foxconn lowering offer for Japan’s Sharp: Yomiuri

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Starwood signs first U.S.-Cuba hotel deal since 1959 revolution

March 20, 2016 by · Leave a Comment 

By Marc Frank HAVANA (Reuters) – Starwood Hotels & Resorts Worldwide on Saturday became the first U.S. hotel company to sign a deal with Cuba since the 1959 revolution, announcing a multimillion-dollar investment a day before U.S. President Barack Obama was due to visit Havana. Such deals would normally be prohibited under the U.S. economic embargo of Cuba, but Starwood received special permission from the U…

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Starwood signs first U.S.-Cuba hotel deal since 1959 revolution

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Exclusive: Energy Transfer has held talks to sell Sunoco – sources

March 12, 2016 by · Leave a Comment 

Energy Transfer Equity LP , the U.S. pipeline company that agreed to acquire Williams Companies Inc , has held talks to sell gas station and convenience store operator Sunoco LP , according to three people familiar with the matter. While these discussions …

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Exclusive: Energy Transfer has held talks to sell Sunoco – sources

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AT&T, Starwood, Marriott working on Cuba deals ahead of Obama visit

March 12, 2016 by · Leave a Comment 

By Matt Spetalnick WASHINGTON (Reuters) – At least three major U.S. companies, AT&T Inc , Starwood Hotels & Resorts Worldwide Inc and Marriott International Inc , are seeking to complete deals in Cuba as President Barack Obama prepares to visit Havana, a person familiar with the discussions said on Friday. It will be the first visit to Cuba by a U.S. president in nearly 90 years. AT&T is trying to complete a mobile communications agreement…

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AT&T, Starwood, Marriott working on Cuba deals ahead of Obama visit

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Marriott to buy Starwood to create world’s biggest hotel chain

November 16, 2015 by · Leave a Comment 

The combined company will have over 5,500 hotels with 1.1 million rooms worldwide, giving Marriott greater presence in markets such as Europe, Latin America and Asia and allowing it to better compete with apartment-sharing startups such as Airbnb. About three-quarters of Marriott's rooms are in the United States. Markets outside North America had about half of Starwood's rooms, but accounted for nearly two-thirds of its revenue in 2014.

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Marriott to buy Starwood to create world’s biggest hotel chain

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Marriott to buy Starwood to create world’s biggest hotel chain

November 16, 2015 by · Leave a Comment 

The combined company will have over 5,500 hotels with 1.1 million rooms worldwide, giving Marriott greater presence in markets such as Europe, Latin America and Asia and allowing it to better compete with apartment-sharing startups such as Airbnb. About three-quarters of Marriott's rooms are in the United States. Markets outside North America had about half of Starwood's rooms, but accounted for nearly two-thirds of its revenue in 2014.

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Marriott to buy Starwood to create world’s biggest hotel chain