manhattan

New York’s Plaza Hotel to go on sale next month: Bloomberg

(Reuters) – New York's Plaza Hotel is set to go on sale in an auction next month, Bloomberg reported on Wednesday. David and Simon Reuben hold the mortgage on the five-star hotel and scheduled a foreclosure auction for April 26, Bloomberg said, citing a source. For sale are the Plaza's hotel rooms, its restaurants and retail space.

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New York’s Plaza Hotel to go on sale next month: Bloomberg

manhattan

Honeywell, United Technologies held merger talks: CNBC

(Reuters) – Aerospace component suppliers Honeywell International Inc and United Technologies Corp have held talks about a merger, CNBC reported on Monday, citing people familiar with the situation. United Tech's shares, part of the Dow Jones industrial average , jumped 6.6 percent to $93.90 in afternoon trading, while Honeywell's dipped 1.2 percent after earlier rising to…

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Honeywell, United Technologies held merger talks: CNBC

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Apple urges U.S. government to form commission on encryption issues

Apple Inc on Monday urged the creation of a government panel on encryption to help resolve a standoff over national security and data privacy that erupted last week after the technology company refused a U.S. government demand to unlock an iPhone linked to one of the killers in a mass shooting in California in December. It was the latest move in a public and symbolic showdown between the …

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Apple urges U.S. government to form commission on encryption issues

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Hedge funds place bets on Morgan Stanley; some exit Valeant

NEW YORK/BOSTON (Reuters) – Top U.S. hedge fund management firms, including Dan Loeb's Third Point LLC, took new positions in Morgan Stanley during the fourth quarter, ahead of the bank's cost-cutting measures and bond-management reshuffling.

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Hedge funds place bets on Morgan Stanley; some exit Valeant

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Canadian love affair with Manhattan real estate seen unabated

By Allison Lampert MONTREAL (Reuters) – Canadian investment in the Manhattan commercial property market is expected to stay strong this year after quadrupling to hit a record in 2015, real estate specialists said. Canadians accounted for almost a third of the $25.6 billion in foreign capital that poured into Manhattan commercial properties last year, with …

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Canadian love affair with Manhattan real estate seen unabated

manhattan

Nissan recalling 930,000 cars for hood latch problem

Nissan Motor Co said Friday it will recall nearly 930,000 Nissan cars worldwide for potentially faulty hood latches, marking the third time since 2014 the automaker has recalled vehicles to address the problem. The Japanese automaker said it is recalling the 2013-2015 Nissan Altima, because its secondary hood latch may bind on account of improperly applied rust coating and remain in the unlatched position when the hood is closed. The U.S. National Highway Traffic Safety Administration, which said on Friday that 846,000 vehicles in the United States would be recalled, has received …

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Nissan recalling 930,000 cars for hood latch problem

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Xerox to split into two companies, Icahn to get board seats on one

Xerox Corp will split into two companies, one holding its legacy printer operations and the other its business process outsourcing unit, it said on Friday, in a bid to be more nimble after years of trying to integrate the businesses. Activist investor Carl Icahn, who first revealed a stake in Xerox in November, will get three board seats on the outsourcing company. Xerox Chief Executive Officer Ursula Burns said in an interview on Friday that the strategic…

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Xerox to split into two companies, Icahn to get board seats on one

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U.S. economy hits soft patch in fourth quarter as inventories, trade weigh

By Lucia Mutikani WASHINGTON (Reuters) – U.S. economic growth braked sharply in the fourth quarter as businesses stepped up efforts to reduce an inventory glut and a strong dollar and tepid global demand weighed on exports. Gross domestic product increased at a 0.7 percent annual rate, the Commerce Department said on Friday in a report that showed a further cutback in investment by energy firms grappling with lower oil prices. Growth in consumer spending also slowed as unseasonably mild weather cut into

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U.S. economy hits soft patch in fourth quarter as inventories, trade weigh

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Pfizer hikes U.S. prices for over 100 drugs on January 1

Pfizer Inc , which plans a $160-billion merger with Ireland-based Allergan Plc to slash its U.S. tax bill, on Jan. 1 raised U.S. prices for more than 100 of its drugs, some by as much as 20 percent,

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Pfizer hikes U.S. prices for over 100 drugs on January 1

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U.S. hedge fund founder is denied early release in insider case

By Jonathan Stempel NEW YORK (Reuters) – A federal judge on Wednesday rejected hedge fund manager Doug Whitman's request to end his two-year sentence for insider trading early while he pursues his latest appeal of his 2012 conviction. U.S. District Judge Jed Rakoff said it would be unfair to release the Whitman Capital LLC founder from the Sacramento, California, halfway house where he was moved this month just because he is only five months away from possible freedom…

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U.S. hedge fund founder is denied early release in insider case

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