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China’s HNA to buy 25 percent stake in Hilton for $6.5 billion
Chinese aviation and shipping conglomerate HNA Group said on Monday it would buy about 25 percent of hotel operator and manager Hilton Worldwide Holdings Inc from biggest shareholder Blackstone Group LP for $6.5 billion. Shares of Hilton, whose brands include Conrad Hotels & Resorts, Curio and Double Tree as… More: China’s HNA to buy 25 percent stake in Hilton for $6.5 billion Read More →
Samsung placing product images in Youku videos, targeting Chinese viewers
By Malathi Nayak NEW YORK (Reuters) – Advertising technology company Mirriad says it is working with Samsung Electronics Co Ltd and China's video site Youku to market Samsung products to Chinese viewers who are gravitating toward streaming video content. For instance, in … Here is the original post: Samsung placing product images in Youku videos, targeting Chinese viewers Read More →
Exclusive: Dick’s wins auction for U.S. business of bankrupt Golfsmith – sources
Dick's plans to keep open at least 30 Golfsmith stores and wind down the rest with liquidators from Hilco Global and Tiger Capital Group, the people said. Golfsmith had 109 stores in the United States at the time of its bankruptcy filing last month, and has been closing stores since then. With the bid, Dick's, the largest U.S. sporting goods retailer, also won Golfsmith's intellectual Here... [Read more]
Audi to buy back 25,000 diesel Q7 models in U.S.: Der Spiegel
FRANKFURT (Reuters) – Volkswagen's premium division Audi will buy back 25,000 diesel engined cars in the United States to compensate owners whose cars do not meet exhaust emission standards, German weekly Der Spiegel said on Friday. See more here: Audi to buy back 25,000 diesel Q7 models in U.S.: Der Spiegel Read More →
WHY IT MATTERS: Energy
The issue: See the original post: WHY IT MATTERS: Energy Read More →
AmEx raises 2016 profit forecast; shares up 5.8 percent
American Express Co raised its 2016 adjusted earnings forecast and reported better-than-expected third-quarter revenue on Wednesday, sending its shares up 5.8 percent in extended trading. The credit card issuer, which has historically catered to upscale consumers, said it plans to increase spending on digital marketing, a strategy that helped it add 1.7 million new card members in the United States... [Read more]
Yahoo, ACLU press U.S. to disclose secret surveillance orders
By Joseph Menn SAN FRANCISCO (Reuters) – Yahoo Inc on Wednesday asked U.S. Director of National Intelligence James Clapper to declassify a surveillance order the company had received so it can respond to a Reuters report that it set up a special program last year to scan all Yahoo Mail users' incoming messages. Separately, the American Civil Liberties Union filed a motion before the U.S.... [Read more]
BlackRock quarterly profit rises 3.8 percent
(Reuters) – BlackRock Inc, the world's largest asset manager, reported a better-than-expected quarterly profit, showing resilience in what has been a weak market for many traditional asset managers. BlackRock attracted total “long-term” net flows of $55.18 billion in the latest quarter, up from $35 billion a year earlier. On an adjusted basis, BlackRock earned $5.14 per share,... [Read more]
Goldman Sachs’ profit jumps 58 percent as trading revenue surges
(Reuters) – Goldman Sachs Group Inc reported a 57.9 percent rise in quarterly profit on Tuesday as trading revenue surged. Go here to see the original: Goldman Sachs’ profit jumps 58 percent as trading revenue surges Read More →
Watchdog says about 15 Swiss banks in money laundering ‘red zone’: SonntagsZeitung
Roughly 15 Swiss banks are in a “red zone” of lenders particularly exposed to money laundering risks, the head of Swiss banking watchdog FINMA said in a newspaper interview published on Sunday. Swiss federal prosecutors … Continued here: Watchdog says about 15 Swiss banks in money laundering ‘red zone’: SonntagsZeitung Read More →